Vancouver, British Columbia - September 7, 2012.
Sennen Resources Ltd. (TSXV: SN) ("Sennen" and/or "the Company") reports:
As Sennen Shareholders are aware, on July 16, 2012, the Company became the target of a hostile takeover attempt by
Liberty Silver Corp. (LBSV-OTCBB and TSX:LSL) ("Liberty"), an OTC Bulletin Board company that recently listed on the TSX (the "Offer"). This Offer was to expire on August 21, 2012, but due to a substantial lack of support for it Liberty extended it until September 10, 2012 and may unfortunately do so again as is permissible under applicable securities legislation.
The Offer, Liberty's numerous and increasingly desperate pleas to Sennen Shareholders, Sennen's responses, as well as the sentiments of Sennen's Board of Directors and the majority of Sennen's Shareholders, have all been well documented in Company news releases.
Since the Offer was announced, there has been significant 'push-back' to the Offer, with Sennen Shareholders representing over 60% of the Company having provided written confirmation that they will NOT tender their shares, along with verbal confirmation from other shareholders representing another 35% of the Company rejecting the Offer.
Sennen notes that despite repeated requests, Liberty's management still refuse to disclose how much they paid for their shares, and whether they cost any more than half a cent per share, this being the average cost of 68.4M of the 81M Liberty shares currently on issue. Liberty's management state that "Continuous communication and transparency are Liberty's fundamental promises to shareholders". In accordance with this promise, we would have expected Liberty's management to disclose the cost of their shares, especially after repeated enquiries. We must therefore assume that Liberty's "risk mitigation strategy" is not a corporate strategy, but is a personal one for the benefit of its management and major shareholders who hold tens of millions of shares that were issued at less than half a cent per share.
Stated Ian Rozier, President and CEO of Sennen, "Our news releases on this are very clear and by extending their Offer it is quite apparent that Liberty have no other options available to them, as the market, their shareholders and management obviously do not want to finance Liberty. The vast majority of Sennen Shareholders are adamant that Liberty's management will not succeed in hijacking Sennen's treasury. We continue, as part of our ongoing mandate, to review potential transactions. The extended Liberty Offer continues to be a distraction to management, and an irresponsible drain on the Company treasury by Liberty".
DO NOT tender your Sennen Shares to the Liberty Offer. Sennen Shareholders are reminded that the Board of Directors have recommended REJECTION of the Liberty Offer for the reasons set out in the Director's Circular dated July 30, 2012. There is no need for Sennen Shareholders to do anything to REJECT the Liberty Offer. Please refer to the Director's Circular, which is available on SEDAR, for more detailed reasons for REJECTION, and steps to take if you have already tendered your Sennen Shares.
ANY QUESTIONS OR REQUESTS FOR ASSISTANCE MAY BE DIRECTED TO OUR INFORMATION AGENT: GEORGESON North American Toll-Free Number: 1-888-605-8405 Outside North America Call Collect: 1-781-575-2182 Email: askus@georgeson.com
Neither the TSX Venture exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release. 
