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
ASX Announcement 14 September 2009
Successful Option
Exercise - $2.58m raised
Price
$0.225
Liberty Resources Limited ("Liberty", ASX: LBY) is pleased to announce the completion of a successful option exercise.

Over 99% of the 34,712,502 options on issue were exercised, raising a total $2,581,917.
The funds will be used for exploration, drilling and feasibility studies of the company"s Queensland Energy Projects, as well as its expansion plans beyond Queensland.
I would like to take this opportunity to thank our shareholders for their continued support.

This is an exciting period of growth for the company as well as the Clean Energy Industry, and I look forward to sharing this journey with you.
Please find attached Appendix 3B stating the final options that were exercised, as well as the current share capital of the company.

Liberty advises that all of its unexercised Options expired on the 8 September 2009.
Yours Sincerely,
Andrew Haythorpe
Managing Director
SHARE INFORMATION
ASX Share Price (LBY): $0.225
Issued Shares: 138.8 m
Market Cap: 31.2 m
Current Cash: $4.5 m
Debt $0 m
About Liberty Resources Ltd
Liberty is working towards supplying affordable gas and power, and at the same time offering a unique opportunity to reduce Australia"s level of CO2 emissions.
Liberty has extensive tenements with coal deeper than 700m below the surface.

Gasification of the coal seams creates deep chambers potentially suitable for storing CO2.

At this depth CO2 becomes a liquid - held securely by the Earth"s pressure.
To create these chambers, Liberty intends to gasify the deep coal resource and produce Syngas.

Gasification of coal can only successfully take place in a secure, geologically sealed chamber.

The Syngas is composed of natural gas that can be used to generate low cost power and electricity with reduced CO2 emissions.
Therefore we believe that for the first time, it is possible to capture CO2 from the Syngas and electricity generated then re-inject it safely into the deep, underground chambers.