Mr. Matt Zietlow reports

LIBERTY GOLD ADVANCES BLACK PINE PERMITTING WITH SUBMISSION OF PRELIMINARY CYANIDATION DESIGN REPORT

Liberty Gold Corp. has submitted the preliminary cyanidation design report to the Idaho Department of Environmental Quality (IDEQ), a key milestone in the State of Idaho permitting process for its flagship Black Pine oxide gold project in southeastern Idaho.

The submission provides IDEQ with the project's initial process plant and heap leach design features, operating plans and a proposed groundwater monitoring framework to support early agency review and feedback. Subsequently, Liberty Gold intends to submit the formal cyanidation permit application package for Black Pine, targeting the first quarter of 2027. The company is advancing Black Pine through feasibility, environmental review and co-ordinated federal-state permitting. Federal environmental review is being co-ordinated under FAST-41 as a covered project, in tandem with the State of Idaho permitting activities.

Liberty Gold has also been accepted as a member of the International Cyanide Management Institute (ICMI) and is now signatory to the International Cyanide Management Code. The cyanide code is a voluntary, industry-leading program focused on the safe and responsible management of cyanide in gold and silver mining, including cyanide manufacture, transport, handling, storage, operations, worker safety, emergency response and decommissioning. The program is actively supported by major and mid-tier gold producers worldwide. Liberty Gold intends to proceed with a preoperational design certification through ICMI following submission of the formal cyanidation permit application to IDEQ. Subsequently, the company would apply for formal operational certification within three years of active mining and leaching at Black Pine.

"Submission of the preliminary design report and monitoring well plan is an important milestone for Black Pine permitting and gives the state of Idaho a detailed basis for early technical review," said Matt Zietlow, vice-president, permitting and external affairs, at Liberty Gold. "Together with our commitment to operating Black Pine under the cyanide code, this reflects the disciplined, pro-active and responsible approach we are taking to design, permitting and best practice planning for future operations."

The preliminary cyanidation design report describes the proposed cyanidation facility for Black Pine, including the heap leach facility, process plant area, process water management and containment systems, monitoring framework, operational considerations, and reclamation and closure planning. These materials are not the final cyanidation permit application and do not constitute receipt of a permit. The monitoring well plan sets out the proposed groundwater monitoring network, well locations, siting rationale, installation approach, survey requirements and reporting commitments. The final water monitoring plan is subject to IDEQ review and approval.

Liberty Gold continues to collaborate and coordinate with the IDEQ, the U.S. Forest Service, the Bureau of Land Management, and other agencies as project design and permitting advance on schedule. Black Pine continues to progress across feasibility-level engineering, environmental review, permitting and execution planning. The company remains focused on completing the feasibility study by the fourth quarter of 2026 and maintaining the critical path permitting schedule agreed to by federal and state regulatory agencies as part of the FAST-41 process.

About Liberty Gold Corp.

Liberty Gold is a United States-focused gold company advancing Black Pine, its 100-per-cent-owned oxide gold project in Idaho, located within the Great Basin, one of the world's most productive and mining-friendly gold regions. Black Pine is a large-scale, past-producing, run-of-mine heap leachable gold deposit progressing through feasibility and permitting toward a modern open-pit mining operation. The company's strategy is centered on advancing high-quality, long-life gold assets, with a clear focus on technical simplicity, strong environmental performance, project executability, collaborative permitting processes and value creation. This reflects Liberty Gold's commitment to the discipline of delivery. The company is led by an experienced team with a record of discovery, development and delivering sustained long-term value.

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