Liberty Mint, Ltd. Announces Sale of Subsidiary

Business Wire, Nov 22, 1999

OREM, Utah--(BUSINESS WIRE)--Nov. 21, 1999--

Liberty Mint, Ltd. (OTC BB:LBMN).

As part of its ongoing revitalization Liberty Mint Ltd. announced completion of the divestiture of its Liberty Mint, Inc. subsidiary. The company will concentrate operations in its two wholly owned subsidiaries, The Great Western Mint, Inc. and Liberty Mint Marketing, Inc.

Dan Southwick, president of Liberty Mint, Ltd. stated, "This divestiture along with other actions we have taken to streamline the business will allow the Company to break even during the fourth quarter of 1999. Our exciting new product and marketing programs will now propel us into significant growth and healthy profitability in the year 2000."

This news release contains forward-looking statements with respect to the results of operations and business of the company that involve risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports to be filed with the Securities and Exchange Commission.