NOTE 1 ORGANIZATION AND DESCRIPTION OF BUSINESS
Liberty Energy Corp. (f/k/a DMA Minerals
Inc., the Company) was incorporated on June 6, 2006 under the laws of the State of Nevada. The Company is currently
an exploration stage company under the provisions of Accounting Standards Codification (ASC) No. 915, Development Stage Entities.
Since inception, the Company has produced almost no revenues and will continue to report as an exploration stage company until
significant revenues are produced. The Companys principal activity is the exploration and development of oil and gas properties.
Properties are located in the United States of America and Bulgaria.
The Companys success will depend
in large part on its ability to obtain and develop oil and gas interests within the United States. There can be no assurance that
oil and gas properties obtained by the Company will contain reserves or that properties with reserves will be profitable to extract.
The Company will be subject to local and national laws and regulations which could impact the Companys ability to execute
its business plan.