Mr. Ian Harris reports

LIBERO ANNOUNCES PRIVATE PLACEMENT OF UP TO $2 MILLION

Libero Copper & Gold Corp. has arranged a non-brokered private placement for the sale of up to 40 million units at a price of five cents per unit for gross proceeds of up to $2-million. Each unit will comprise one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of 7.5 cents for a period of 36 months following the closing date of the offering.

It is anticipated that the directors of Libero Copper will subscribe for units in the offering. The subscription of units to insiders pursuant to the offering is considered a related party transaction for purposes of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Libero intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation, based on the determination that the fair market value of the participation in the offering by insiders will not exceed 25 per cent of the market capitalization of Libero Copper, as determined in accordance with MI 61-101.

The net proceeds from the sale of units will be used for exploration at Libero Copper's projects, including the Esperanza project in San Juan, Argentina, and the Mocoa deposit in Putumayo, Colombia, and for working capital and general corporate purposes. Finders' fees of up to 6 per cent cash and brokers' warrants will be payable on certain portions of the offering, in accordance with the policies of the TSX Venture Exchange.

The closing of the offering is expected to occur on or about July 28, 2023, and is subject to the receipt of all necessary regulatory approvals, including the TSX-V. The unit shares, warrant shares and any common shares that are issuable from any finders' warrants will be subject to a hold period of four months and one day, in accordance with applicable securities laws.

About Libero Copper & Gold Corp.

Libero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolific and stable jurisdictions. The portfolio includes: the Mocoa deposit in Putumayo, Colombia; Esperanza in San Juan, Argentina; and Big Red and Big Bulk in the Golden Triangle, British Columbia, Canada. These assets are being advanced by a highly disciplined and seasoned professional team with a successful record of discovery, resource development and permitting in the Americas.

We seek Safe Harbor.