LIBERTY METALS & MINING HOLDINGS, LLC ANNOUNCES INVESTMENT IN ALLANA POTASH
CORP.

TORONTO, Nov. 30 /CNW/ - Liberty Metals & Mining Holdings, LLC ("Liberty Metals") has announced today that it entered into a subscription agreement with Allana Potash Corp. ("Allana"), pursuant to which Liberty Metals has purchased, on a private placement basis, 24,300,000 common shares of Allana at a price of $0.51 per share for a total subscription price of $12,393,000, representing approximately 16.99% of Allana's outstanding common shares after giving effect to the issuance of the shares to Liberty Metals.

Depending on market conditions, certain limitations contained in the Investor Rights Agreement entered into today by Liberty Metals and Allana, and other factors, Liberty Metals may from time to time acquire additional securities of Allana or dispose of securities of Allana in the open market, by private agreement or otherwise.

In connection with this news release, an early warning report has been filed by Liberty Metals in accordance with applicable securities laws. 

For further information:

To obtain a copy of the early warning report, please contact:

Marie Sheehan
Liberty Metals & Mining Holdings, LLC
175 Berkeley Street, 18^th Floor
Boston, MA  02116

Telephone: [phone]
Fax: [phone]