Sagebrush Gold Announces JV with Liberty Star Uranium and Metals Corp For Uranium Assets

NEW YORK, September 7, 2011 (GLOBE NEWSWIRE) --  Sagebrush Gold, Ltd.  (OTCBB:  SAGE.OB  -  News ) announced today that the Company  has signed a binding Letter of Intent (“LOI”) for the purposes of forming a joint venture agreement  with Liberty Star Uranium and Metals Corp (Liberty Star) (OTCBB: LBSR) to merge both Company’s uranium assets, forming a new company (Newco).

Sagebrush Gold Ltd. is a publicly traded junior mineral exploration company focused on searching for world class resources and seeking out potentially significant gold exploration and development targets in Nevada's leading gold districts. Sagebrush has three current Nevada projects: Red Rock , North Battle Mountain , and the newly acquired (August 31, 2011) Relief Canyon Gold Mine & Processing Facility .  Additionally, Sagebrush has recently acquired the assets American Energy Fields, Inc. (Colorado Plateau exploration stage uranium properties).

Terms of the LOI between Liberty Star and Sagebrush include the transfer all uranium properties held by Sagebrush and Liberty Star into a newly organized venture