NEW DISCOVERY

August 2013

6km2 discovery area

Shallow – potential open cut

54 samples – assays pending

Near rail

Near road

3 Ports

Location, Location – Bowen Basin

40km to Moranbah - Coal Mining Town

4km to Rail (Vale to the North West)

BHP BMA - North and South West

Rio Tinto to the South West

Peabody to the East

170km Rail connection to 3 Ports

2000m x 3000m coal discovery

Multiple seams in every hole

5m - 6m thick coal at 44m

10m of coal plies between 58m and 70m, the upper 4m at 58m

48m thick Fort Coopers coal logged

$90,000 drill program completed August 2013

Good seam thickness

What does the discovery area look like?

DH07C - Drill site AUG 2013

Further potential South and at depth…..

South of Daunia (BHP Mine)

Free of Vegetation

Ease of Access

1 Landowner

Previous drilling south of the river – additional potential for LBY

DH07 – seam at 44m depth

DH07c – seam at 61m depth

From 61m From 61.5m From 62.4m

DH05c - seam at 85m depth

DH05c - seam at 85m depth

Engineering, Geology, GIS

September 5, 2013 18

Ian Smith

Non Executive

Director

Mine Engineer

Tim Jones

Consultant

Geologist

MSc SSE AIG

Eoghan

Cunningham

GIS Officer

Masters in GIS, BSc

Andrew

Haythorpe

BSc (Hons) Geology

Managing

Director

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Drill hole discovery

Posco invests

Juniors with new discoveries perform well

Sandfire

Posco made

$135m Profit

Even in terrible markets...

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Sirius Drill hole discovery

LBY – 2013 Discovery LBY ASX

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Company Snapshot

ASX Code LBY

Share Price (22 August 2013) 10c

Shares on issue 279.6m

Options ( Expiring 15 Nov 2013 - 31 Dec 2017

exercisable at 10c – 30c)

35.4m

Market Cap (undiluted) 28m

Cash (30 June 2013) $1.8 (sept qtr est)

Debt Nil

Largest Shareholders Ouro Pty Ltd

JP Morgan Nominees

Citicorp Nominees

12%

12%

11%

Background Environmental initiated

Coal Quality Evaluation

JORC – Measured, Indicated, Inferred

Customer Presentations

Evaluate, value add - September

Competent Person Statement The information in this report relating to exploration results and coal resources is based on information compiled by Mr Tim Jones who is a member of the Australasian Institute of Geoscientist. Mr Jones is a qualified geologist and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, the JORC Code” (JORC 2004).” Mr Jones consents to the inclusion in the report of the matters based on the information, in the form and context in which it appears. Tim Jones AIG 3788

Disclaimer This presentation contains statistical data, market research and industry forecasts that were obtained from government or other industry publications and reports or based on estimates derived from such publications and reports and management's knowledge of, and experience in, the markets in which Liberty operates. Government and industry publications and reports generally indicate that they have obtained their information from sources believed to be reliable, but do not guarantee the accuracy and completeness of their information. Actual outcomes may vary materially from those forecast in such reports or publications, and the prospect for material variation can be expected to increase as the length of the forecast period increases. While management believes this data to be reliable, market and industry data is subject to variations and cannot be verified due to limits on the availability and reliability of data inputs, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. Accordingly, the accuracy, currency and completeness of this information cannot be guaranteed. The Corporation has not independently verified any of the data from third party sources referred to in this presentation or ascertained the underlying assumptions relied upon by such sources. The images of production facilities contained in this document are not actual assets of the Company, but are representative of the proposed Urea Corp Fertiliser Project.

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