1372336--10/17/2008--LIBERTY_ENERGY_CORP.

related topics
{interest, director, officer}
{cost, contract, operation}
{control, financial, internal}
WE ARE AN EXPLORATION STAGE COMPANY AND EXPECT TO INCUR OPERATING LOSSES FOR THE FORESEEABLE FUTURE. WE RECENTLY COMPLETED THE FIRST PHASE OF THE EXPLORATION PROGRAM ON THE TG MINERAL CLAIM, WHICH WAS NOT SUCCESSFUL. WE ARE INVESTIGATING NEW BUSINESS OPPORTUNITIES WHICH MAY REQUIRE ADDITIONAL FUNDING AND WE HAVE NO PLANS ON HOW TO RAISE THIS ADDITIONAL FUNDING. OUR INDEPENDENT AUDITOR HAS ISSUED AN AUDIT OPINION FOR LIBERTY ENERGY CORP. WHICH INCLUDES A STATEMENT DESCRIBING OUR GOING CONCERN STATUS. OUR FINANCIAL STATUS CREATES A DOUBT WHETHER WE WILL CONTINUE AS A GOING CONCERN. BECAUSE MANAGEMENT HAS NO EXPERIENCE IN EXPLORATION, OUR BUSINESS HAS A HIGHER RISK OF FAILURE. BECAUSE OUR CURRENT OFFICER AND DIRECTOR HAS OTHER BUSINESS INTERESTS, HE MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS OPERATIONS, CAUSING OUR BUSINESS TO FAIL. IF OUR OFFICER AND DIRECTOR RESIGNS OR DIES WITHOUT HAVING FOUND REPLACEMENTS OUR OPERATIONS WILL BE SUSPENDED OR CEASE. IF THAT SHOULD OCCUR, YOU COULD LOSE YOUR INVESTMENT.

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