Sennen Responds to Liberty's "Open Letter"

Sennen Resources Ltd. (TSX VENTURE:SN) (Sennen or the Company) notes Liberty
Silver Corp.'s (Liberty) 'Open Letter to Sennen shareholders' (the Letter)
issued on July 26th 2012. For clarity, this unsolicited and hostile offer by
Liberty was initiated without any prior discussion with Sennen management, and
consequently, without providing Sennen any prior opportunity to conduct
meaningful due diligence on Liberty. Liberty's stated intention to remove the
directors of Sennen and, subject to certain conditions, delist the Company's
shares in order to access the Company's treasury contradicts their newly stated
desire of "concluding a friendly deal with Sennen". Sennen shareholders are
advised that Liberty's offer is a 'hostile' take-over attempt. 


Sennen's Board of Directors, as is their fiduciary duty, is conducting, in
conjunction with its advisors, a reasoned assessment of the Liberty offer in the
interests of the Sennen shareholders. The Special Committee of the Board of
Directors convened to review the Liberty offer, which is made up of three
independent directors, expects to make its recommendation to Sennen's Board of
Directors, who will in turn make its recommendation to shareholders, on or
before July 31st 2012. This recommendation will be set out in a news release and
contained in a Director's circular that will be mailed to all shareholders. This
process, although expensive and time consuming, must be carried out to comply
with applicable securities and corporate laws. 


Sennen wishes to acknowledge the overwhelming response by way of unsolicited
communications from many shareholders both prior and subsequent to the Letter,
which to date has been one of unanimous rejection of Liberty's hostile offer for
a myriad of corporate and technical reasons. Shareholders are urged to take no
action whatsoever until the Board of Directors has made its recommendation. 


Sennen has approximately $13.5M in the treasury and no debt. The Company's
management and Board of Directors combined have over 125 years of relevant
experience in the mining and mineral exploration industry. The Company continues
to explore opportunities that are increasingly becoming available to cashed up
companies such as Sennen, while dealing effectively with the unsolicited Liberty
offer. In the current market environment, Sennen's good track record,
experienced management and approach to creating and preserving cash has provided
the Company with a significant advantage over most of its peers. The Company is
not short of "cash, commitment or talent", and is now in a perfect situation to
take advantage of the solvency crisis that many junior exploration companies
find themselves in.

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