Mr. Ian Harris reports

LIBERO CLOSES PRIVATE PLACEMENT

Libero Copper & Gold Corp. has closed the first tranche of a non-brokered private placement for the sale of 9.13 million units at a price of five cents per unit for gross proceeds of $456,500. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of 7.5 cents for a period of 36 months expiring Aug. 17, 2026.

Certain directors of Libero Copper subscribed 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 Shareholders in Special Transactions. Libero relied 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 fair market value of the participation in the offering by insiders does 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 of 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 $21,690 in cash and a total of 433,800 broker warrants were paid to Blue Lakes Advisors SA, Canaccord Genuity Corp., Glores Securities, Research Capital Corp., Red Cloud Securities Inc. and PI Financial Corp. on certain portions of the offering in accordance with the policies of the TSX Venture Exchange. Broker warrants are exercisable at a price of 7.5 cents for a period of 36 months expiring Aug. 17, 2026.

The unit shares, warrant shares and any common shares that are issuable upon exercise of the broker warrants will be subject to a hold period of four months and one day ending Dec. 18, 2023, in accordance with applicable securities laws.

Under the at the market program, 3,046,000 shares were issued at an average price of 10.76 cents for gross proceeds of $327,842 for the three months ended June 30, 2023, and commissions were paid of $6,556.

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.