updated 2/1/2011 9:18:02 AM ET 2011-02-01T14:18:02

HOUSTON, Feb. 1, 2011 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE) ("Liberty" or "the Company") announces that it has committed itself to attend the NAPE (formerly the North American Prospect Expo) in Houston, Texas in February 2011.

The NAPE Expo is the world's largest E&P (upstream) expo and provides a marketplace for the buying, selling and trading of oil and gas prospects and producing properties via exhibit booths.  NAPE is considered by many to be the premier E&P networking venue which highlights and illustrates developments throughout the entire oil patch in two days.

NAPE Expo brings prospects and producing properties from the U.S. and around the world, capital formation, services and technologies together. It is an environment in which executives have the opportunity to network and establish strategic alliances for doing business and initiating purchases and trades. 

The Expo was created in 1993 and now attracts over 900 exhibiting and/or presenting companies (in addition to around 16,000 attendees) and showcases companies, groups, and individuals with potential onshore and offshore energy prospects together with prospective buyers, joint ventures and financial sources, along with equipment companies, operators and drilling companies. Attendees confirmed for the forthcoming event in Houston include BP American Production Company, Devon Energy Corporation, Chesapeake Energy Corporation and Shell Exploration and Production Company to name but a few.

"We are always looking for new opportunities in our core areas, and NAPE is a great place to network with other oil and gas companies to uncover interesting new projects.  Plus NAPE offers the perfect opportunity to review the latest exploration and operational trends in the industry. As always we intend to continue to seek out every possible valuable opportunity to advance the interests of the company and its shareholders. We are confident the NAPE Expo will help us do just that, and we will have at least one executive representative from the Company in attendance," commented Daniel Martinez-Atkinson, CFO of Liberty Energy Corp.

ABOUT LIBERTY: Liberty Energy Corp. (OTCBB:LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe. Headquartered in Houston, Texas, the company has leases and royalties in both Texas and Bulgaria, covering several wells with extensive potential for future development. In Texas, four leases – Dahlstrom, Ratliff, and two at Lockhart Northeast – are identified as rich oil and gas sites based around numerous geological pay zones. In North-West Bulgaria, Liberty has royalty rights to a 1,000,000+ acre natural gas property (the A-Lovech exploration block), an area of high quality, low- sulphur natural gas condensate. Through this combined international reach and domestic focus, Liberty Energy is committed to the development of US fuel reserves while seeking out further opportunities for the global energy markets.

Certain statements in this press 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.  Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available.  The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters.  Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

ON BEHALF OF THE BOARD OF DIRECTORS,

Liberty Energy Corp.

Ian Spowart, Chief Executive Officer

CONTACT: Liberty Energy Corp.
         Two Allen Center
         Suite 1600
         1200 Smith Street
         Houston
         TX 77002
         Tel: 713-353-4700
         Fax: 713-353-4701
         Email: info@energy-liberty.com
         
         INVESTOR RELATIONS:
         Toll Free: 1-877-890-1650
         Email: ir@energy-liberty.com

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