SN Sennen Potash Corporation

Sennen Resources Ltd. (TSX VENTURE:SN) ("Sennen" or "the Company") restates its
reasons for recommending REJECTION of the Offer by Liberty Silver Corp.
("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.


Various Letters and News Releases issued by Liberty's management are replete
with irrelevant statements and innumerable errors that demonstrate a lack of
understanding of the industry in which they purport to operate.


In order to clarify matters Sennen restates the following: 



--  Liberty's Offer is hostile. 

--  Liberty simply covets Sennen's treasury as Liberty is desperate for cash
    and unable to raise funds through equity or debt. 

--  Sennen would contribute more cash, more assets, more net book value and
    significantly more net asset value than the interest in Liberty that
    Sennen Shareholders would receive back, thus making the Offer inadequate
    for Sennen Shareholders. 

--  Liberty's shares are highly overvalued; Sennen values Liberty on a Net
    Asset Value ("NAV") basis at between $0.005 and $0.07 per share. 

--  Liberty has a 70% 'earn-in' interest in the Trinity project. Using a NAV
    of $0.07 per Liberty share with 81M Liberty shares on issue places a
    valuation of $5.7M on this 70% property interest if completed, with the
    total NAV of the Trinity project thus being $8.1M. Under the terms of
    the Offer Sennen Shareholders would be issued 17.1M Liberty shares, with
    a resulting 17.4% (17.1 of 98.1M shares then on issue) of Liberty,
    resulting in a 12.2% net interest in Trinity. Sennen Shareholders are
    thus being asked to exchange $13.5M for a net 12.2% interest in the
    Trinity project, this interest having a NAV of $0.98M (being 12.2% of
    $8.1M). To summarize, Sennen Shareholders are being asked to exchange
    $13.5M in cash for $1.0M of NAV. 

--  Sennen Shareholders continue to be supportive of a highly experienced
    management and Board that has positioned itself very well in the current
    market environment with a strong treasury, unlike many other companies
    that are struggling, and will continue to struggle to retain their
    property interests if their management, like Liberty's, have failed to
    safeguard valuable cash resources.

--  Liberty's management, directors, and major shareholders are apparently
    unwilling to commit to risking their own funds by doing a private
    placement in Liberty themselves, and yet ask Sennen Shareholders to
    incur that very same financial risk. Sennen Shareholders assume that
    this is what Liberty's management means by their 'risk mitigation
    strategy' whereby others are expected to take the financial risk in
    Liberty that Liberty's management and directors are not.

--  Any Sennen Shareholders that do wish to incur the high risk of financial
    exposure to Liberty are reminded that they can simply buy Liberty shares
    in the market. 

--  Immediately before receipt of the hostile Offer from Liberty, Sennen
    informed Liberty that it was conducting due diligence on several other
    opportunities, all of which are more attractive than Liberty's Trinity
    project. Available opportunities for Sennen will increase as other
    companies face insolvency if, like Liberty, they are unable or incapable
    of raising funds or, like Liberty, their directors and shareholders are
    unwilling to finance their own companies. 

--  Liberty directors and management have still not disclosed their 'entry
    cost' into Liberty. The average cost of 68.4M of the 81M Liberty shares
    currently on issue is less than half of one cent per share and in the
    interests of full and fair disclosure Sennen's Shareholders have the
    right to know whether this amount, (or possibly less), was the 'entry
    cost' of Liberty's management. Failure to date to disclose this does not
    encourage trust in Liberty's management. 

--  Liberty have recently stated that they have retained SRK Consulting to
    conduct a preliminary economic assessment of Trinity, and yet the
    authors of Liberty's technical report state that they are "concerned
    about the accuracy of 82% of the values used in the Inferred Resource
    estimation". Sennen's technical due diligence suggests that Liberty
    still has an inordinate amount of exploration work to do at Trinity in
    order to derive an NI 43-101 compliant Inferred Resource with the
    requisite QA/QC that is absent for technical data used for their
    Inferred Resource estimate, let alone an Indicated and/or Measured
    Resource required for a meaningful economic analysis. Future financings
    by Liberty would therefore be expected to be very dilutive to Liberty
    shareholders.

--  Since Sennen's News Release of July 31, 2012, Liberty has acquired the
    Hi Ho area in the middle of their property package that "cut-off" their
    mineralized zone to the east. The Hi Ho area was acquired for $150,000
    cash and 3M Liberty shares for a total deemed consideration of less than
    $2.25M (using Liberty's current share price). Some of Sennen's major
    shareholders consider that this places a valuation of $2.25M on up to
    50% of the Trinity projects' entire mineralized zone, and thus a total
    value of approximately $4.5M for Trinity, or $0.05 per Liberty share
    (even using their current share price). This is close to Sennen's own
    NAV estimate for Liberty of $0.07 per share and again speaks to the
    total and utter inadequacy of Liberty's Offer.

--  With over 68 million shares issued at less than one half of one cent per
    share the potential capitalization of taxable capital gains may force
    or, entice certain Liberty shareholders to sell some or all of their
    ridiculously cheap shares which would place significant downward
    pressure on the Liberty share price. 

--  The response of Sennen Shareholders to Liberty's Offer, their Letters,
    and their 'marketing' efforts, has been, and still is, overwhelmingly
    negative, and the Company has yet to receive one letter, one email or
    one phone call in support of the Offer. 

--  Sennen's management and directors are totally focused on the resource
    sector, unlike the CEO of Liberty, who is a managing partner of a fund
    management company and sits on nine company boards, some of which are in
    the media and entertainment sector and responsible for such resource and
    energy related blockbusters as "Bingo Night in Canada", "Hooking up with
    Mariko" and "Ladies Night Out".

--  Liberty continues to waste its valuable cash reserves on an attempted
    hostile takeover that shareholders representing a majority of Sennen
    shares have already rejected. Sennen's has no option but to incur
    corporate expenses to counter this attempted "cash-grab"- expenses that
    Sennen can afford, albeit very reluctantly. Liberty, with its already
    depleted treasury, actually chose to embark on, and continue with this
    ill-advised and ill-conceived venture, and this is regarded as being
    highly irresponsible by the majority if not all of Sennen's
    Shareholders.



Stated Ian Rozier, President and CEO of Sennen, "Liberty's Offer is an insult to
the intelligence of Sennen Shareholders who understand that this is a clear case
of the management and promoters of an OTC shell company with very little money
and questionable assets trying to back their ludicrously overvalued paper into
an established company with tangible assets-in this case Sennen and its
treasury. As previously stated, the simple fact is that Sennen Shareholders are
being asked to make a very high risk Private Placement of $13.5M into a junior
explorer that the market, its own management, its directors, shareholders and
promoters are apparently unwilling to do. Based on this we can only assume that
they collectively agree with Sennen's management and directors as to the real
value of Liberty Silver. We repeat once again, Liberty's Offer is of zero
interest to Sennen's Board, management, as well as to shareholders representing
a majority of the Company's shares, if indeed any of them."


Sennen's Board of Directors recommends Sennen Shareholders do NOT tender their
Sennen Shares to the Liberty Offer and are reminded that the Board of Directors
have recommended REJECTION of the Liberty Offer for reasons as 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.

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