Updated Mineral Resource Estimate For Black Pine Oxide Gold Deposit

Updated Mineral Resource Estimate For Black Pine Oxide Gold Deposit

VANCOUVER – Liberty Gold Corp. reported on the independent Mineral Resource Estimate (MRE) at its Black Pine Oxide Gold Project in southeastern Idaho. 1) The Resource is reported at a cut-off grade (COG) of 0.2 grams per tonne (g/t) gold (Au) and consists of: Indicated resources of 3,206,000 oz Au at an average grade of 0.49 g/t Au and totalling 203.8 million tonnes (“Mt”); and Inferred resources of 325,000 oz Au at an average grade of 0.42 g/t Au and totalling 24.1 Mt. 2) A high-grade subset of the Resource contained within the 0.2 g/t Au resource pit, applying a COG of 0.5 g/t Au and consists of: Indicated resources of 1,765,000 oz Au at an average grade of 1.01 g/t Au and totalling 54.2 Mt; and Inferred resources of 143,000 oz Au at an average grade of 0.91 g/t Au and totalling 4.9 Mt.

Jon Gilligan, President and COO, said, “This updated Mineral Resource Estimate represents an important milestone for the Black Pine project, passing 3 million gold ounces in the Indicated class. The new resource solidly underpins the Pre-Feasibility Study, which is on track for completion in the third quarter 2024”.