Liberty Mint, Ltd. Announces Plans to Become Fully Reporting.

PROVO, Utah--(BUSINESS WIRE)--June 2, 1999--

Liberty Mint (OTC BB:LIBYD) http://www.libertymint.com a world renowned developer, marketer and manufacturer of precious and non-precious metals featuring custom coins, commemoratives and silver sculptures has announced that its board of directors has granted management approval to file a registration statement on form 10-SB with the Securities and Exchange Commission to register its securities under section 12(G) making Liberty Mint a fully reporting company.

The company reported that it intends to make such filings following the completion of its audit, which it expects to conclude within the next 45 days.

Daniel Southwick, chief executive officer, said, "Liberty Mint is positioning itself to become a leader in the manufacture and marketing of collectibles in the new millennium. In order to set a foundation for the future we are committed to becoming a fully reporting company."

Southwick also stated, "We are very excited about our joint distribution agreement with Sony Signatures, the merchandising and licensing arm of Sony Entertainment, an affiliate of Sony Corporation (NYSE:SNE)."

Southwick noted that Sony Online Entertainment (SOE) announced another expansion of its advertising sales efforts.

The new SOE advertising sales staff is creating and offering integrated marketing and sponsorship opportunities across Sony's network of premier branded web sites, consisting of the [e-mail] (www.station.sony.com) Sony Music Online (www.sonymusic.com) and Sony Pictures Entertainment Online (www.spe.sony.com). Sony Online is a joint venture of Sony Corporation of America and Sony Pictures.

Liberty Mint has produced commemorative coins and recognition awards for such companies as General Motors (NYSE:GM), Eastman Kodak (NYSE:EK), J.C. Penney Co. (NYSE:JCP), Procter and Gamble (NYSE:PG), Dow Chemical (NYSE:DC), and Corel Corporation's WordPerfect (NASDAQ:COSFF).

Other projects include U.S. Airforce, the States of Alaska, Texas, Wyoming and Utah; universities such as Brigham Young, Penn State, Texas A & M; and hundreds of organizations including March of Dimes, New York Mets, and the NFL.

Liberty Mint, Ltd. performs custom minting, and develops, manufactures and markets custom and licensed commemoratives and collectibles in both precious and non precious metals. Primary products are custom coins, commemoratives and silver sculptures.

Liberty Mint, Ltd. is the only publicly traded mint in the United States, and has produced millions of pure silver coins for thousands of customers since 1984.

The foregoing press release contains forward-looking statements. For this purpose any statements contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may", "will", "expect", "believe", or "continue" or comparable terminology are intended to identify forward-looking statements.

These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors.