Mr. Jon Gilligan reports

LIBERTY GOLD REPORTS NEW HIGH-GRADE OXIDE GOLD DRILL INTERCEPTS AT DISCOVERY ZONE, BLACK PINE GOLD PROJECT, IDAHO

Liberty Gold Corp. has released strong oxide gold assays from nine infill drill holes in the Discovery zone at its Black Pine gold project in southeastern Idaho. These results are part of the continuing approximately 40,000-metre feasibility drill program designed to support resource conversion, metallurgical modelling, geotechnical studies and mine design.

This series of holes in Discovery were planned to increase confidence in the mineralization and metallurgical models in an area previously defined largely by historic drilling. Notably, drill hole LBP1171 contains the eighth-highest unmined intercept at Black Pine on a grade-thickness basis. The upper portion of this intercept has confirmed the extension of a previously mined high-grade shoot in the historic B pit area, which will now be included in the coming feasibility resource model.

Over all, the Discovery zone continues to demonstrate excellent continuity of near-surface oxide mineralization with high-grade domains that are laterally continuous in multiple directions. These results are from the first nine drill holes of a planned 35-to-40-drill-hole program in the Discovery area.

Key points:

• High-grade oxide gold intercepts were returned across multiple holes, including (widths are reported as drilled, true widths are not yet known):
  • 5.19 grams per tonne gold over 9.1 metres, including 21.3 g/t Au over 1.5 m, within 1.53 g/t Au over 85.3 m in hole LBP1171;
  • 3.44 g/t Au over 15.2 m within 1.17 g/t Au over 59.4 m in hole LBP1155;
  • 2.44 g/t Au over 10.7 m within 1.16 g/t Au over 27.4 m in hole LBP1168;
  • 2.35 g/t Au over 10.7 m within 1.17 g/t Au over 25.9 m in hole LBP1139;
  • 1.84 g/t Au over 7.6 m within 0.53 g/t Au over 51.8 m in hole LBP1163;
  • 1.10 g/t Au over 6.1 m within 0.57 g/t Au over 91.4 m in hole LBP1143.
• Multiple stacked, flat-lying zones of oxide mineralization show excellent continuity in the core of Discovery, supporting the existing grade modelling and conversion of inferred to the indicated ounces category for the feasibility study.
• Drilling has also validated the metallurgical models used in the PFS (prefeasibility study) with all intercepts confirming or expanding the highest recovery metallurgical zones based on cyanide soluble assay results.
• Results will feed directly into the updated feasibility resource model scheduled for Q4 2025, underpinning mine design, metallurgical domain modelling and early-phase production planning.
• One core and three RC (reverse circulation) drill rigs continue drilling within Discovery and Rangefront zones, with additional assays pending.

Jon Gilligan, president and chief executive officer, stated: "While Rangefront expands towards a potential cornerstone starter pit, today's Discovery zone results reinforce why Black Pine is an exceptional oxide gold system. We are drilling thicker-than-expected oxide mineralization with consistent grade -- precisely the type of material required for feasibility conversion. These results reinforce Discovery as a high-margin mining phase with strong leach performance and clear potential to add ounces to the resource."

Next steps

One RC rig is currently working on resource conversion and focused, multipurpose geotechnical drill holes in the Discovery zone. Two RC rigs and one drill core rig are working in Rangefront on resource expansion and metallurgical sampling, and all rigs have been running double shifts to increase production. A third RC rig is completing hydrologic monitoring holes and, when completed, will switch to exploration holes in Rangefront. A geotechnical rig is expected to arrive in early November to complete the site soil engineering works.

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 and strong economic potential. The company knows the Great basin and is driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios and in an environmentally responsible manner.

Quality assurance/quality control

Drill composites were calculated using a cut-off of 0.10 g/t Au. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals vary between 50 per cent and 100 per cent of the reported lengths due to varying drill hole orientations but are typically in the range of 70 per cent to 90 per cent of true width. Drill samples were assayed by ALS Ltd. in Reno, Nev., for gold by fire assay of a 30-gram (one assay tonne) charge with an AA finish or, if over 5.0 g/t Au, were reassayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.10 part per million, an additional cyanide leach analysis is done where the sample is treated with a 0.25 per cent NaCN (sodium cyanide) solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by atomic absorption spectroscopy. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream and the collection of duplicate samples at random intervals within each batch. All holes are also analyzed for a 51 multielement geochemical suite by ICP-MS. ALS Geochemistry Reno is ISO 17025:2005 accredited, with the Elko and Twin Falls prep labs listed on the scope of accreditation.

We seek Safe Harbor.