Mr. Cal Everett reports

LIBERTY GOLD ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT TO SELL THE TV TOWER PROJECT IN TURKIYE

Liberty Gold Corp. has signed a share purchase agreement for the sale of its interest in the TV Tower copper-gold project, located in Biga province, northwestern Turkey, to a foreign mining company.

Pursuant to the terms of the agreement, Liberty Gold has agreed to sell its 72.1-per-cent interest in the company that holds the project for gross proceeds to the company of $8.3-million (U.S.) in cash, to be paid in three stages over a two-year period.

Cal Everett, chief executive officer and director of Liberty Gold, commented: "The sale of TV Tower strengthens Liberty Gold's treasury position without diluting shareholder's exposure to our flagship Black Pine project in southern Idaho while also removing annual carrying costs related to the project. Liberty Gold will now be 100 per cent Great basin focused, advancing two Carlin-style gold deposits."

Terms of the agreement

Closing of the transaction is subject to customary conditions, including the approval of the local mining authorities.

Liberty Gold's share of the $11.5-million (U.S.) in gross proceeds ($8.3-million (U.S.)) will be paid in three stages as follows:

• $3.6-million (U.S.) on the closing date;
• $2.2-million (U.S.) on the first anniversary of the closing date;
• $2.5-million (U.S.) on the second anniversary of the closing date.

About Liberty Gold Corp.

Liberty Gold is focused on exploring for and 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 knows the Great basin and is driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios.

We seek Safe Harbor.