Mr. Jon Gilligan reports

LIBERTY GOLD STRENGTHENS TREASURY WITH US$2.2 MILLION TO ADVANCE BLACK PINE

Liberty Gold Corp. has received the first staged payment of $2.2-million (U.S.) related to the previously announced sale of its interest in the TV Tower copper-gold project, located in Biga province, northwest Turkey (see press releases dated April 17, 2024, and Oct. 7, 2024).

This non-core asset sale payment, which is non-dilutive for shareholders, forms part of the total consideration of $8.5-million (U.S.) payable to Liberty Gold for the sale of its 72.1-per-cent interest in TV Tower. The company has now received $5.9-million (U.S.) to date, with the final staged payment of $2.6-million (U.S.) due on Oct. 4, 2026. These payments underpin corporate costs for Liberty Gold over the period, allowing the company to channel new funding directly into project advancement.

Jon Gilligan, president and chief executive officer of Liberty Gold, commented: "This non-dilutive staged payment further bolsters our treasury and underscores our strategy of channeling capital into our core oxide gold project. With Black Pine in Idaho moving through advanced studies and mine permitting, we remain focused on unlocking the value of Black Pine, the largest undeveloped oxide gold project in the Great Basin. In the medium term we are looking to build a strong portfolio of substantial oxide assets positioned for future development."

About Liberty Gold Corp.

Liberty Gold is focused on 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. The company is advancing the Black Pine project in southeastern Idaho, a past-producing, Carlin-style gold system with a large, growing resource with strong economic potential that can be mined profitably as an open-pit/heap leach operation in an environmentally responsible manner.

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