Mr. Ian Harris reports

LIBERO COPPER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Libero Copper & Gold Corp. will conduct a non-brokered private placement for aggregate gross proceeds of up to $3-million. The offering will be completed postconsolidation (as defined herein). Libero Copper intends to consolidate common shares on the basis of one new postconsolidation common share for every 10 preconsolidation common shares (see press release dated Jan. 19, 2024). The net proceeds of the offering will be used for exploration at Mocoa and general corporate purposes.

The offering will consist of units at a price of 15 cents per unit, with each unit consisting of one postconsolidation common share and one full common share purchase warrant, with each warrant entitling the holder to acquire an additional postconsolidation common share at an exercise price of 20 cents per warrant for a period of 36 months from the date of issuance. Under the offering, a maximum of up to 20 million postconsolidation common shares will be issued as well as up to 20 million warrants.

Slater Capital Corp., a corporation wholly owned by Ian Slater, chairman of Libero Copper, will invest $300,000 in the offering on the terms and conditions of the offering and, in addition, will receive 750,000 bonus warrants on the same terms and conditions as the warrants as consideration of an outstanding loan owed to the company, and Ian Harris, chief executive officer and a director of Libero Copper, will invest $70,000 in the offering; each of such transactions will be considered a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The issuance of units and warrants to Slater Capital Corp. and the issuance of units to Mr. Harris is exempt from the minority approval and formal valuation requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101.

Closing of the offering and the issuance of the bonus warrants are subject to customary closing conditions, including the prior approval of the TSX Venture Exchange. Libero Copper intends to close the offering as soon as practicable following receipt of the approval from the exchange. The common shares to be issued pursuant to the offering and the exercise of the bonus warrants will be subject to a hold period of four months from the date of issuance.

Change to board of directors

Upon closing of the offering and subject to the approval of the exchange, Mr. Slater and Brad Rourke will resign from the board and will be replaced by Robert Van Egmond and Ann Fehr.

About Libero Copper & Gold Corp.

Libero Copper is a mineral exploration company that 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.