Mr. Ian Harris reports

LIBERO COPPER ANNOUNCES SHARE CONSOLIDATION

Libero Copper & Gold Corp. intends to consolidate the company's common shares on the basis of one new postconsolidation common share for every 10 preconsolidation common shares. The board of directors of Libero Copper has approved the consolidation. The company is pursuing the consolidation to make the company's securities more attractive to investors.

The company currently has 174,777,174 common shares issued and outstanding. Assuming no other changes in the number of common shares outstanding, after giving effect to the consolidation, and prior to giving effect to the offering described herein, the company would have approximately 17,477,717 common shares outstanding.

Any fractional interest in common shares resulting from the consolidation will be rounded down to the nearest whole common share. Registered shareholders will receive a letter of transmittal from the company's transfer agent with information on how to replace their old share certificates/DRS (direct registration statement) with the new share certificates/DRS. Brokerage firms will handle the replacement of share certificates and DRS on behalf of their shareholder's accounts.

The exercise price and number of common shares issuable upon the exercise of Libero Copper's outstanding stock options and warrants will be proportionately adjusted to reflect the consolidation, in accordance with the terms of such securities.

Closing of the consolidation is subject to customary closing conditions, including the prior approval of the TSX Venture Exchange. Libero Copper intends to close the consolidation as soon as practicable following receipt of the approval from the exchange.

At-the-market (ATM) offering

Further to the at-the-market offering of shares made pursuant to the prospectus supplement dated March 22, 2023, the company issued 13,411,000 shares and raised gross proceeds of $280,482 pursuant to this ATM distribution from Oct. 1, 2023, to Dec. 31, 2023. Independent Trading Group (ITG) Inc. received fees of $5,610.

Board resignation

Bill Bennett has resigned as a director of Libero Copper for personal reasons. On behalf of the board of directors, the company wishes him all the best in the future. Mr. Bennet is extremely knowledgeable, and has a wealth of experience regarding government and indigenous relations in British Colombia, and was critical to the company's projects located there.

About Libero Copper & Gold Corp.

Libero Copper is a mineral exploration company which is focused on unlocking the value of the Mocoa copper-molybdenum porphyry deposit located in Putumayo, Colombia. Mocoa is being advanced by a highly disciplined and seasoned professional team with successful records of discovery, resource development and permitting in Colombia. Libero Copper prioritizes building strong relationships with the communities in which the company operates and is dedicated to creating long-term value for its shareholders through responsible exploration to fuel the green energy future.

We seek Safe Harbor.