Mr. Jon Gilligan reports

IDAHO ALIGNS STATE PERMITTING WITH FAST-41, STREAMLINING PERMITTING AT LIBERTY GOLD'S BLACK PINE PROJECT

Liberty Gold Corp. has released a significant permitting milestone at its Black Pine oxide gold project in southern Idaho, following the State of Idaho's formal commitment to align state permitting timelines with the U.S. federal FAST-41 permitting framework. FAST-41 is a U.S. federal initiative administered by the U.S. Permitting Council and designed to improve the timeliness, predictability and transparency of permitting for major infrastructure projects.

"Streamlining Idaho's permitting process for major mining projects like the Black Pine oxide gold project in southern Idaho is about cutting unnecessary red tape while maintaining strong standards. By better aligning our state timelines with federal reviews under the FAST-41 framework, which we recently locked in through a new MOU [memorandum of understanding] with the Trump administration, we can eliminate duplicative steps that slow projects down and create uncertainty. A more efficient process lowers costs, supports good-paying jobs and helps responsible mining move forward without unnecessary delay. Idaho is committed to being a place where natural resource development is handled thoughtfully and efficiently and where companies know they can invest with confidence," said Idaho Governor Brad Little.

"Idaho's decision to formally align state permitting timelines with the FAST-41 framework marks an important advancement in how major mining projects are reviewed in the United States," said Jon Gilligan, president, chief executive officer and director of Liberty Gold. "Black Pine's acceptance into FAST-41 earlier this year established a co-ordinated federal permitting pathway and Idaho's participation further strengthens that framework by bringing state and federal agencies onto a single, transparent schedule. This level of co-ordination improves visibility, reduces permitting risk, and supports a disciplined and efficient environmental review process as Black Pine advances."

On Feb. 19, 2026, Idaho announced a new co-ordination framework under which key state agencies align their permitting reviews with FAST-41 schedules. The agreement provides for the integration of state permitting actions into the federal permitting dashboard, enhancing transparency and co-ordination with the National Environmental Policy Act (NEPA) review process. Of significant note, Black Pine is the first U.S. precious metals mining project where both federal and state agencies are aligned under a single, co-ordinated permitting framework. Idaho's leadership represents a meaningful step forward in improving certainty, co-ordination and predictability in the U.S. mine permitting process.

Following its acceptance into FAST-41 on Jan. 20, 2026 (see press release dated Jan. 20, 2026), as only the fourth precious metals mining project to receive covered project status, the Black Pine project entered a structured 60-day co-ordination period with participating federal and state agencies to update and refine the environmental review timetable for Black Pine. Liberty Gold expects the revised permitting schedule for Black Pine to be published to the FAST-41 permitting dashboard following completion of this process. Black Pine is the first FAST-41 covered project to advance under a fully integrated federal and state permitting schedule.

Black Pine is one of the largest undeveloped oxide gold projects in the Great basin and benefits from existing infrastructure, a large mineral endowment and a supportive mining jurisdiction. Liberty Gold continues to advance Black Pine through feasibility-level engineering, environmental baseline studies, and co-ordinated federal and state permitting activities under the FAST-41 framework. The company remains focused on maintaining its critical path discipline across permitting and technical workstreams and will provide further updates as key permitting milestones are achieved.

About Liberty Gold Corp.

Liberty Gold is a U.S.-focused gold development company building and advancing a pipeline of gold assets in the Great basin, one of the world's most productive and mining-friendly gold regions. The company's flagship asset is the 100-per-cent-owned Black Pine oxide gold project in southern Idaho, a large-scale, past-producing, run-of-mine heap-leach system being advanced through feasibility and permitting toward a modern open-pit mining operation. The company's strategy is to responsibly develop high-quality, long-life gold projects in supportive jurisdictions, led by an experienced team with a record of discovery, development and delivering long-term value.

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