Mr. Ian Harris reports

LIBERO COPPER ANNOUNCES RIGHTS OFFERING

Libero Copper & Gold Corp. will be conducting a rights offering to holders of its common shares at the close of business on the record date of Dec. 1, 2023. The offering will be for 123,074,103 common shares to raise gross proceeds of $2,461,482. The rights offering is being undertaken to provide funds for exploration, working capital and general corporate purposes.

Details of the rights offering

Rights will be offered on the basis of one right for each common share of Libero Copper held at the record date. One right will entitle the holder to subscribe for one common share of Libero Copper upon payment of the subscription price of two cents per common share. No fractional rights will be issued. The holder's rights entitlement will be reduced to the next lowest whole number and no additional compensation will be paid.

The rights will not be listed for trading on any securities exchange. All rights will expire at 2 p.m. Vancouver time/5 p.m. Toronto time on Dec. 27, 2023, after which time unexercised rights will be void and of no value. Shareholders who fully exercise their rights will be entitled to subscribe for additional common shares, on a pro rata basis, if available as a result of unexercised rights prior to the expiry time, subject to certain limitations set out in Libero Copper's rights offering circular dated Nov. 24, 2023.

The rights offering will be conducted in all provinces and territories of Canada. Certain holders of common shares in jurisdictions outside of Canada may be able to participate in the rights offering where they can establish that the transaction is exempt under applicable legislation. If you are a holder of Libero Copper shares and reside outside of Canada, please review the notice of rights offering, rights offering circular and notice to ineligible shareholders to determine your eligibility and the process and timing requirements to receive or exercise your rights. Libero Copper requests any ineligible shareholder interested in exercising their rights to contact the company at their earliest convenience after the rights are mailed out, which is expected to be on or after Dec. 6, 2023.

Details of the rights offering will be set out in the notice of rights offering and the rights offering circular which will be available under Libero Copper's profile on SEDAR+ and on the company's website. The notice of rights offering will be mailed to each eligible shareholder of Libero Copper as at the record date. Following the mailing of the notice of rights offering, an exercise form enclosed with a statement issued under Olympia Trust Company's direct registration system will be mailed to each eligible registered shareholder of Libero Copper as at the record date. Registered shareholders who wish to exercise their rights must forward the completed rights statement, together with the applicable funds, to the rights agent, Olympia Trust Company, on or before the expiry time. Shareholders who own their common shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions through their intermediary.

Libero Copper's directors and executive officers who own common shares, as well as other insiders, are permitted, but not required, to participate in the rights offering on the same terms and conditions applicable to all shareholders.

About Libero Copper & Gold Corp.

Libero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas, including the Mocoa deposit in Putumayo, Colombia, and the Esperanza project in San Juan, Argentina. These assets are being advanced by a highly disciplined and seasoned professional team with successful records of discovery, resource development and permitting in South America.

We seek Safe Harbor.