Mr. Jason Attew reports

LIBERTY GOLD ADVANCES BLACK PINE OXIDE GOLD PROJECT WITH THE SUBMISSION OF A MINING PRE-PLAN OF OPERATIONS TO US FEDERAL AGENCIES AND THE SELECTION OF A LEAD ENGINEER FOR THE PRE-FEASIBILITY STUDY

Liberty Gold Corp. has reached a significant milestone in the development of its Black Pine project, located in Cassia and Oneida counties, Idaho. Pilot Gold (USA) Inc., a wholly owned subsidiary of Liberty Gold Corp., has prepared and submitted the mining preplan of operations (PPO) for the Black Pine oxide gold project, a critical step in the advancement of the project into the federal and state permitting process and onward, toward production.

The Black Pine deposit is situated approximately five miles south of Juniper, Idaho, within the United States Forest Service (USFS) Sawtooth National Forest and on adjacent lands administered by the U.S. Bureau of Land Management (BLM) from the Pocatello field office. The project encompasses a largely contiguous block of 622 unpatented federal lode claims, state minerals and private properties hosting a multimillion-ounce oxide gold mineral resource. Liberty Gold has been exploring the project since acquisition in 2016 and recently completed the major milestone of 1,000 exploration holes drilled by the company on the property (see press release dated Sept. 5, 2023).

Liberty Gold is dedicated to responsible, sustainable exploration and mining practices, and has embarked on a comprehensive process of planning, engineering and permitting in close collaboration with regulatory agencies to ensure environmentally sound and sustainable operations. The company's second annual ESG (environmental, social and governance) report was recently published (see press release dated Sept. 5, 2023). The submission of the mining preplan of operations for the Black Pine project to the USFS (acting as lead federal agency), BLM and Idaho Governor's Office of Energy and Mineral Resources, is a further critical step in advancing the project.

The conceptual project entails restarting conventional open-pit mining in pre-existing historical pits, expanding these pits and developing new open pits in previously unmined areas. The extracted oxide gold mineralization would be processed using the well-established run-of-mine heap leaching method, with gold produced as dore bars on site. The company is committed to maintaining the highest environmental standards, and employing established metallurgical processes that have been used successfully at the Black Pine site and at many other mine sites.

As part of its commitment to excellence, Liberty Gold is pleased to announce the selection of M3 Engineering, an international engineering firm with a wealth of experience in large-scale mining operations and environmental stewardship, as the lead engineer for the Black Pine oxide gold project. The M3 Engineering team brings an impressive record of success in designing, constructing and overseeing multiple mining projects of a similar nature to that proposed at Black Pine, while prioritizing environmental sustainability and regulatory compliance.

"We are excited to take this significant step forward in the development of the Black Pine project," stated Jason Attew, president and chief executive officer of Liberty Gold. "The submission of the mining preplan of operations reflects our dedication to responsible mining practices, our desire to engage with the regulatory authorities early in the permitting process in a transparent and inclusive manner, and marks a pivotal moment in our journey towards realizing the project's full potential. We are equally thrilled to welcome M3 Engineering to our team. With their expertise and guidance, we are confident in our ability to develop and execute a world-class mining operation at Black Pine that aligns with our commitment to environmental stewardship and builds opportunity with local communities."

Liberty Gold remains committed to collaboration with regulatory agencies, stakeholders and local communities as the project advances to the permitting and development phases. The company will continue to prioritize environmental studies, community engagement and sustainable resource management as it progresses toward the formal submission of the mine plan of operations, expected in second half of 2024.

About Liberty Gold Corp.

Liberty Gold is focused on exploring for and developing open-pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. Liberty Gold knows the Great Basin and is driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios. The company's flagship projects are Black Pine in Idaho and Goldstrike in Utah, both past-producing open-pit mines, where previous operators only scratched the surface.

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