Gary Ablett's reserves paid the price for failing to add to a Vincent Weijl goal as Newcastle scored a last-gasp equaliser to rescue a 1-1 draw at the Northumberland FA's headquarters in Whitley Park.
Liverpool had numerous opportunities to make sure of the win after their Dutch winger put them ahead just before the break, but Newcastle striker Andy Carroll popped up with a headed equaliser in what was the last action of the match.
It will be particularly disappointing for Ablett's players, who put in their most convincing performance of the season so far.
Both teams went into this fixture with two victories and four defeats to their name in the Barclays Premier Reserve League North.
But despite being separated by a solitary point, it was Newcastle who took the initiative and enjoyed the best of the possession in the opening exchanges.
The Magpies had a great opportunity to open the scoring on seven minutes through Sami Ameobi.
Fabio Zamblera drifted out to the right flank and picked out his unmarked strike partner Andy Carroll, who played in Ameobi, but the winger, who is the brother of Magpies striker Shola, wasted the opportunity and Peter Gulacsi easily saved.
Daniel Ayala gave away a free-kick in a dangerous area shortly after that to give Newcastle another scoring opportunity. The lively Carroll struck a curling shot from 20 yards, but Gulacsi collected to keep the scores at 0-0.
Then it was Liverpool's turn to swing in a free-kick, but despite the amount of bodies in the area Weijl's ball in dribbled harmlessly to Steve Harper.
Much like last week's hard-fought victory over Wigan Athletic, the Reds' impressive build-up play saw them put in a series of dangerous crosses into the opposition penalty area, but time after time there was no one running in on the Newcastle goal to finish off the well-worked moves.
But Newcastle were also guilty of wasting chances and could have taken the lead in the 16th minute after some intelligent work through the middle. The Newcastle strikers tried to pass the ball into the net, however, and the ball went out for a goal kick.
Weijl and Nabil El Zhar swapped positions from right flank to left throughout the match, but it didn't seem to make much difference as there was no striker hanging around the danger areas for Liverpool.
Steven Irwin almost capped his league reserve debut with a goal on 28 minutes. Harper was wrong-footed by Irwin's shot from the edge of the penalty area, but got enough on it and fumbled the ball to clear.
Then Brad Inman came close to breaking the deadlock on 32 minutes. Carroll was afforded space on the right flank and picked out Inman, who was darting into the penalty area. But Inman took too long and Liverpool defender Mikel San Jose dispossessed him and lofted the ball clear.
No nonsense but effective, the Spanish defender was impressive at centre-back and got Liverpool out of trouble on a number of occasions.
Andras Simon burst through the Newcastle defence on 37 minutes and had a great chance to unlock the Newcastle defence. But the Hungarian striker chose to go alone rather than play in the unmarked Danny Pacheco, and Simon's shot went well wide.
The slick pitch made a big difference to the proceedings before the break and a host of players from slipped up, which could have led to a fortuitous opening goal for either side.
But there was nothing lucky about Weijl's goal and some quick thinking from Pacheco let in the skilful winger to score.
It was a great finish from the Dutchman, who took the ball around Newcastle right-back Phil Airey before darting into the box and finishing into the bottom right-hand corner of Harper's goal.
After putting in a man of the match performance against Wigan Athletic last week, Weijl went from provider to scorer and got the just rewards for hard work down the wing.
Both sides made a messy start to the second period and there wasn't a real chance until the 52nd minute when Newcastle nearly scrambled the ball home from a well-worked attack.
But Mark Donninger's effort went narrowly over after surging forward from midfield.
Weijl put in a pinpoint cross from the left flank a minute later, but Pacheco couldn't get any power on his header and Harper comfortably collected.
El Zhar had a great chance to put the Reds two up on 62 minutes. The Moroccan forward beat the offside trap to go through on the Newcastle goal, but couldn't make the angle to score after rounding Harper.
El Zhar should have really put the match beyond reach after doing all the hard work with a deft first touch and jinking around the Newcastle stopper. But the Reds number seven took the ball too wide and could only put a tame cross into the six-yard box.
Then Pacheco had a good chance to score six minutes later. Francisco Duran had only been on the pitch for a matter of seconds when he put the Spanish starlet through, but Pacheco saw his scuffed effort drift wide.
Krisztian Nemeth was introduced to the action on 70 minutes and, despite being out of action for 12 games, the Hungarian hitman looked lively and had a good chance within 40 seconds of coming on.
Nemeth took the ball from Pacheco to fire in a shot from the edge of the area, but his effort drifted across goal and went wide.
The chances continued to rack up, but no one really put their foot on it to make a difference and put the game beyond Newcastle's reach. It speaks volumes for Liverpool, however, that Gulacsi had a particularly quiet second half in the Liverpool goal.
But Liverpool were made to pay right at the death when Newcastle United were awarded a free-kick right at the end of stoppage time, which the always dangerous Carroll headed home to rescue a point for the Magpies.
Peter Gulacsi, Emmanuel Gomis Mendy (Francisco Duran, 66), Emiliano Insua (Captain), Mikel San Jose Dominguez, Daniel Ayala, Damien Plessis, Nabil El Zhar, Steven Irwin, Andras Simon (Krisztian Nemeth, 70), Daniel Pacheco (Gerardo Bruna, 74), Vincent Weijl
Newcastle United Reserves:
Steve Harper, Phil Airey, David Edgar, Mark Donninger (James Tavernier, 60), Darren Lough James Marwood, Tamas Kadar, Brad Inman, Shane Ferguson Andy Carroll, Fabio Zamblera
Nile Ranger http://www.liverpoolfc.tv/news/drilldown/N...081124-2108.htm
I need to start watching the ressies again really, haven't caught a lot of them so far this season. That Weijl is one to watch by all accounts