Liberty Silver Corp. Announces Amendments to Earn-In Agreement
Liberty Silver Corp. Announces Amendments to Earn-In Agreement
January 30, 2017 - Toronto, Ontario. Liberty Silver Corp. (“ Liberty” or the
“Company”) is pleased to announce that on January 26, 2017 it reached an agreement
(the “Amendment Agreement”) with Renaissance Gold Inc. (“Renaissance”).
Extension of the period for delivering a Bankable Feasibility Study
The Amendment Agreement amend s certain terms in the exploration earn -in agreement
(the “Earn-In Agreement”) dated March 29, 2010 between AuEx Inc., a predecessor in
rights to Renaissance under the Earn-In Agreement, and the Company, the copy of which
was made available by the Company on its SEDAR profile on December 21, 2011.
Under the terms of the Earn -In Agreement , upon completion of certain earn -in
obligations (the “ Earn-in Obligations ”) the Company will earn a 70% interest in the
Trinity Silver Project located in Pershing County, Nevada, more fully described in the
Earn-In Agreement . Immediately prior to the date of the Amendment Agreement, the
only outstanding E arn-in Obligation of the Company under the Earn -In Agreement was
the delivery by the Company of a bankable feasibility study of the Trinity Silver Project
to Renaissance by March 29, 2017. The Amendment Agreement amends the Earn -In
Agreement so as to extend to March 29, 2020 the period within which the Company must
deliver a bankable feasibility study of the Trinity Silver Project to Renaissance.
Option to acquire 100% interest in Trinity Silver Project
Additionally, under the terms of t he Amendment Agreement, the Company accepted the
exclusive option to acquire a 100% interest in the Trinity Silver Project that was offered
to the Company by Renaissance in a letter of intent (the “Letter of Intent ”) dated April
17, 2015. Pursuant to the A mendment Agreement, Renaissance, in consideration of cash
payment of US$96,366.24 payable no later than June 30, 2017, grants to the Company an
exclusive option to acquire a 100% interest in the Trinity Silver Project on certain
conditions set out in the L etter of Intent. The option so granted expires not later than
September 30, 2017. One of the conditions for the Company’s acquiring a 100% interest
in the Trinity Silver Project is restructuring of the Earn-In Agreement by Renaissance and
the Company, which immediately prior to the date of the Amendment Agreement was to
be concluded by March 29, 2017(the “ Outside Date ”). The Amendment Agreement
extended the Outside Date to September 30, 2017.
About Liberty Silver Corp.
Liberty has the right to earn a joi nt venture interest in the 10,020- acre Trinity Silver
Project pursuant to the terms of an earn -in agreement with Renaissance Gold Inc. The
Trinity Silver Project, located in Pershing County, Nevada, is Liberty’s flagship project.
Information about Liberty is available on its website, www.libertysilvercorp.com , or in
the SEDAR and EDGAR databases.
For additional information contact:
Howard M. Crosby, Chief Executive Officer
(509) 526-3491
Cautionary Statements
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 Obligati ons. The forward looking statements made herein are based on information currently
available to the Company and the Company provides no assurance that actual results wil l meet management's
expectations or assumptions with respect to, among other things, the ability of Liberty to preserve its interes ts in the
Trinity Silver Project which is dependent on renegotiation of the Company’s obligation to complete a feasibility study,
the Company’s present and future financial condition, the Company’s ability to secure 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 status of the Trinity Silver Project earn-in agreement and the ability to renegotiate the obligation to complete a
feasibility study. 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: the inability of Liberty to renegotiate the
obligation to complete a feasibility study pursuant to the terms of the Trinity Silver Project earn -in agreement ; the
ability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing; 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, politica l and competitive developments;
operational difficulties encountered in connection with the activities of the Company ; and other matters discussed in
this news releas e. 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.