This paper studies how the field of librarianship can help counteract the phenomenon of fake news and misinformation. A literature review was conducted to identify the current themes, patterns, correlations and gaps within the existing literature on fake news, information literacy and librarianship. Findings centre on defining fake news, analysing contemporary and emerging information literacy frameworks, and outlining the current efforts and initiatives exercised by libraries to refute the spread of fake news and educate communities on how to navigate through an era of untruth and disinformation. The paper outlines effective initiatives developed by those within the Library and Information Systems (LIS) profession while highlighting considerations and recommendations as to how librarians can continue to enhance their role in the digital age and make successful contributions to the professional field.