Mr. Pete Shabestari reports

LIBERTY GOLD REPORTS CONSISTENT GOLD GRADES FROM INFILL DRILLING AT BLACK PINE GOLD PROJECT, IDAHO

Liberty Gold Corp. has released additional reverse circulation (RC) drill results from the 2025 resource infill drilling program at its 100-per-cent-owned Black Pine oxide gold project in southeastern Idaho, United States. The latest holes confirm and strengthen the company's geological model of the gold mineralization across the two main mineralized areas.

Highlights

• Results demonstrate strong correlation with the prefeasibility block model and reinforce confidence in the lateral continuity of high-grade oxide gold zones and leach recovery characteristics across the deposit providing the opportunity for further resource growth in the upcoming Feasibility resource update.
• Drilling across the current Rangefront resource pit is defining new near-surface gold mineralization in areas, which were previously classified as waste due to the lack of drilling. This is expected to have a positive impact on the strip ratio as feasibility mine planning progresses.
• Infill drilling continues to convert inferred resources to indicated and provide detailed confirmation of gold grade and distribution, increasing model confidence ahead of the feasibility study.
• Feasibility resource modelling is under way, with an expected approximately 40,000 metres (m) of new drilling into the model and is expected to be completed in early Q1 2026.
• Drilling is continuing with three rigs and the 2025 program is expected to complete at 33,000 m by mid-December, approximately 13,000 m of which will be included in a future resource update.

* Results are reported as drilled thickness, true thickness is approximately 70 to 100 per cent of drilled thickness. Please refer to the full table at the link below for complete results.

"Drilling at Discovery and Rangefront continues to provide strong, as-expected results, with some pleasant surprises for future oxide gold resource growth," stated Pete Shabestari, vice-president of exploration. "The consistency of these infill results gives us further validation of the resource model and reinforces our confidence in the continuity of gold mineralization as we advance preparation of the feasibility resource estimate. Black Pine has consistently demonstrated resource growth commensurate with drilling, and we expect this to continue at Rangefront with our upcoming feasibility resource update."

For a table showing complete drill results for the current release, visit the company's website.

Rangefront zone highlights

Twenty-one drill holes are reported from Rangefront with an additional approximately 30 holes still in the lab, with drilling continuing. Rangefront drilling continues to produce results in line with modelled gold grade and metallurgical characteristics. The program is addressing near-surface gaps in drill data, which were a result of early stage, widely spaced exploration drill pads. This systematic infill drilling is defining new oxide gold mineralization, where previously there was interpreted waste/cover rocks and is expected to have a positive impact on waste to ore ratios in the feasibility mine planning.

In addition to exploration infill drilling metallurgical (PQ) core drilling (seven holes, 1,524 metres) has also been completed. Samples from that drilling are currently being processed and results are expected in early 2026. Composites from these PQ core holes will contribute to the phase 10 metallurgical program, designed to improve spatial coverage of variability samples across Rangefront, prompted by the increase in the mineralized footprint.

Discovery zone highlights

Discovery zone drilling has been focused on geotechnical data collection, geology and mineralization model validation, and resource class upgrades. Drilling in all areas has confirmed the resource model and added confidence in the metallurgical classification and modelling. Drilling to the north has confirmed and improved upon historic drill results and continues to show strong oxide gold results that should increase and expand modelled high-grade zones in the upcoming resource.

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.

Peter Shabestari, PGeo, vice-president of exploration, Liberty Gold, is the company's designated qualified person for this news release within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and has reviewed and validated that the information contained in the release is accurate.

Quality assurance -- quality control

Drill composites were calculated using a cut-off of 0.10 gram per tonne 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-ton) 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 solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by atomic absorption spectroscopy. QA/QC (quality assurance/quality control) 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 lab listed on the scope of accreditation.

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