BG

Liberty Silver Corp. (TSX:LSL) ("Liberty" or the "Company") today announced
that, further to its news release of October 4, 2013, it has entered into an
agreement in relation to a US$1,000,000 principal amount secured loan facility
which has been increased to a principal amount of US$1,210,000 (the "Loan") to
be made available by BG Capital Group Ltd. ("BG").


The Loan consists of up to US$1,110,000 of new credit facilities along with an
additional US$100,000 that will be used to repay the amount remaining
outstanding under unsecured promissory notes previously issued to BG by Liberty
subsequent to the signing of the letter of intent relating to the Loan. The
Company intends to use the funds from the Loan for general working capital
purposes, thereby affording the Company more time to secure longer term
financing for the Trinity Silver Project.


"The Loan will allow us to advance operations while we consider alternatives for
more enduring sources of financing," stated Tim Unwin, Chairman of the board of
directors of Liberty. 


The key terms of the Loan are as follows:



--  a total amount of up to US$1,210,000 is being advanced to Liberty, of
    which US$100,000 was previously advanced by way of promissory notes
    subsequent to the signing of the letter of intent relating to the Loan
    (which promissory notes are superseded by the Loan), US$202,500 was
    advanced upon closing of the Loan today (the "Closing Date"), and up to
    US$302,500 will be advanced on each of December 31, 2013, March 31, 2014
    and June 30, 2014; 
    
--  the outstanding principal amount bears interest at 11% per annum from
    date of advance and becomes due and payable in its entirety one year
    following the Closing Date (the "Maturity Date"). The Company has the
    option to extend the Maturity Date by six months, with interest payable
    at 15% per annum accruing on the outstanding principal amount during
    such extension period; 
    
--  the Loan is secured by a charge on all of the assets of the Company; and
    
--  subject to Toronto Stock Exchange approval, if Liberty completes an
    arm's length equity financing of US$500,000 or more at a price of not
   less than US$0.50 per common share of Liberty (each, a "Share"), Liberty
    may require BG to convert the outstanding principal and interest amount
    of the Loan into equity of Liberty on the same terms and conditions as
    the equity financing.



The lender pursuant to the Loan is BG. BG and certain of its related parties own
8,609,853 Shares and 6,500,000 Share purchase warrants, with each such warrant
entitling BG to acquire one Share for US$0.65 until December 31, 2013 (the
"Warrants"). As a condition of the Loan, BG has consented to the termination of
the Warrants for no further consideration. Accordingly, following the closing of
the loan facility transaction, BG now owns, directly and indirectly, 8,609,853
shares representing approximately 10.3% of the Company's 83,991,945 issued and
outstanding Shares. Other than pursuant to the Loan, the Company does not have
any contractual or other relationship with BG. 


As BG owns, directly or indirectly, more than 10% of the issued and outstanding
Shares, BG is a "related party" of the Company and the Loan constitutes a
"related party transaction" as such terms are defined by Multilateral Instrument
61-101- Protection of Minority Security Holders in Special Transactions ("MI
61-101"). Therefore, in the absence of exemptions, the Company would be required
to obtain a formal valuation for, and minority shareholder approval of, the
"related party transaction". Liberty is relying on the exemptions from the
formal valuation and minority approval requirements of MI 61-101 pursuant to
which such steps are not required in the event that the issuer is in serious
financial difficulty and the transaction is designed to improve the financial
condition of the issuer. The board of directors of the Company, all of whom are
independent of BG and its affiliates, have determined, acting in good faith,
that given Liberty's present circumstances, the terms of the Loan are reasonable
and Liberty is eligible for these formal valuation and minority approval
exemptions from MI 61-101.


About Liberty Silver Corp. 

Liberty is focused on exploring and advancing mineral properties located in
North America. Liberty is led by an experienced board of directors and a skilled
management team with significant experience managing exploration, development,
and mining projects. Liberty is committed to creating value for its shareholders
by utilizing its mitigated risk approach to developing new resources on its
current properties, and by acquiring new properties that have the potential to
increase their resource base. The Trinity Silver Project, located in Pershing
County, Nevada, is Liberty's flagship project. Liberty has the right to earn a
joint venture interest in the 10,020-acre Trinity Silver Project pursuant to the
terms of an earn-in agreement with Renaissance Exploration Inc.


Information about Liberty is available on its website,
www.libertysilvercorp.com, or in the SEDAR and EDGAR databases.


Cautionary Statements

The Toronto Stock Exchange does not accept responsibility for the adequacy or
accuracy of this news release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein.


Certain statements in this news release are forward-looking and involve a number
of risks and uncertainties. Such forward-looking statements are within the
meaning of that term in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, as well as
within the meaning of the phrase 'forward-looking information' in the Canadian
Securities Administrators' National Instrument 51-102 - Continuous Disclosure
Obligations. The forward looking statements made herein are based on information
currently available to the Company and the Company provides no assurance that
actual results will meet management's expectations or assumptions with respect
to, among other things, the Company's present and future financial condition,
the Company's ability to refinance or convert the Loan upon maturity or to
otherwise secure additional sources of financing, and the state of financial
markets. Forward-looking statements include estimates and statements that
describe the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan", and may include statements regarding, among other things, the uses of
proceeds from the Loan, future advances under or extensions to the Loan, and
conversions of the Loan into equity of the Company. Since forward-looking
statements are based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties. Actual results
relating to, among other things, results of exploration, project development,
and the Company's financial condition and prospects, could differ materially
from those currently anticipated in such statements for many reasons such as:
changes in general economic conditions and conditions in the financial markets;
changes in demand and prices for precious metals; litigation, legislative,
environmental and other judicial, regulatory, political and competitive
developments; operational difficulties encountered in connection with the
activities of the Company; efforts required to comply with the terms of the
Loan; and other matters discussed in this news release. This list is not
exhaustive of the factors that may affect any of the Company's forward-looking
statements. These and other factors made in public disclosures and filings by
the Company should be considered carefully and readers should not place undue
reliance on the Company's forward-looking statements. The Company does not
undertake to update any forward-looking statement that may be made from time to
time by the Company or on its behalf, except in accordance with applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Liberty Silver Corp.
Manish Z. Kshatriya
Executive VP & CFO
(888) 749-4916
mkshatriya@libertysilvercorp.com
www.libertysilvercorp.com

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