ASX Announcement 22 September 2009 Liberty meets VIRGIN –

Sir SHARE INFORMATION ASX Share Price (LBY): $0.23 Issued Shares: 138.6 m Price Market Cap: 31.8 m $0.23 Current Cash: $4.5 m Debt $0 m

Liberty Resources Limited (“Liberty”, ASX: LBY) is pleased to announce it has secured a one hour meeting with Virgin billionaire, Sir Richard Branson. The meeting is scheduled for March 2010 when Branson will be visiting Perth, Western Australia.

Branson founded Virgin in 1970 as a mail-order record retailer, and has since grown the empire to over 200 companies in more than 30 countries.

The Virgin Group includes Virgin Earth Challenge, an initiative by Branson and to encourage a viable technology that will reduce atmospheric greenhouse gases and contribute to the of the Earth’s climate. He has also recently started his latest venture called Virgin Fuel, over the next four years he will invest approximately $1 billion into alternative fuels.

Yours Sincerely

Robert Hodby

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Directors Andrew Haythorpe Alan Phillips Michael Fry James Becke Managing Director Chairman Non-executive Director Non-executive Director

Liberty Resources Limited ACN 103 348 947 Unit B2 431 Roberts Road, Subiaco WA 6008 Tel: +61 8 9388 8869 www.libertyresources.com.au [email protected]

About Sir Richard Branson

Sir Richard Branson is the founder and chairman of the Virgin Group. Virgin is one of the world's most recognized and respected brands and has expanded into everything from air and ground travel to telecommunications, health, space travel and clean energy through more than 200 companies’ worldwide, employing over 50,000 people in 30 countries. Revenues around the world in 2006 exceeded £10 billion (US$20 billion). In December 1999, Richard was awarded a knighthood by the Queen for “services to entrepreneurship.” Image 1: Sir Richard Branson In the same way he approaches starting a business, Richard tackles tough social and environmental challenges with talented people, innovative approaches, and passion. In September 2006, Richard committed all future profits of Virgin Group’s transportation companies toward renewable energy initiatives; it is expected to be $3 billion over the next ten years. Richard also announced a $25 million prize for a viable technology that will result in the net removal of anthropogenic, atmospheric greenhouse gases. In July, on his and Nelson Mandela’s birthday, Richard joined Nelson Mandela, Graça Machel, and Desmond Tutu to form the Elders, a group of independent leaders that will tackle some of the toughest humanitarian issues. He was given the honor of United Nations “Citizen of the Year” for 2007

Sir Richard Branson and Liberty Resources are proud supporters of the Strike a Chord for Cancer Foundation, a Perth based not for profit charity.

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