Mr. Jon Gilligan reports

LIBERTY GOLD ADVANCES BLACK PINE GOLD PROJECT IN IDAHO WITH SUBMISSION OF THE DRAFT MINE PLAN OF OPERATIONS

Liberty Gold Corp. has released two major milestones for its flagship Black Pine oxide gold project in southern Idaho, United States: firstly, the formal submission of the draft Black Pine mine plan of operations (MPO) to the United States Forest Service (USFS), the Bureau of Land Management (BLM), the Idaho Department of Environmental Quality (IDEQ) and the Idaho Department of Lands (IDL); and secondly, the successful execution of an interagency memorandum of understanding (MOU) between Liberty Gold, the USFS, the BLM, the Idaho Governor's Office of Energy and Mineral Resources (OEMR), the IDEQ, and the IDL to facilitate co-ordination of the entire mine permitting process for Black Pine.

The draft MPO is based on the recently published preliminary feasibility study (see press releases dated Oct. 10, 2024, and Nov. 21, 2024).

Liberty Gold has worked closely with regulatory authorities, stakeholders and the local community to ensure the draft MPO adheres to the highest environmental and operational standards and anticipates continued engagement with stakeholders to address feedback and advance the project through the permitting and approval process. The draft MPO submission is the precursor leading to initiation of the federal permitting process under the National Environmental Protection Act (NEPA), which will include the completion of an environmental impact statement (EIS).

The EIS process will be co-led by the USFS and the BLM and will include a detailed review of the MPO, public scoping meetings, analysis of extensive baseline studies, and an assessment of potential environmental and socio-economic effects with proposed mitigations. Co-operating regulatory agencies, including the OEMR, the IDEQ, the IDL, and other federal and state entities, will work closely with the USFS and the BLM on the MPO review and the resulting EIS process. Stantec, a global leader in sustainable engineering, architecture and environmental consulting, has been retained as the independent third party EIS contractor and will work under the direction of the USFS to prepare the Black Pine EIS and related documentation. This action represents a major step advancing Black Pine toward a construction decision.

Execution of the interagency memorandum of understanding formalizes a collaborative partnership between Liberty Gold and various co-operating agencies for completion of the EIS. The MOU establishes a clear road map with timelines for the NEPA permitting process and defines the roles, responsibilities and objectives of all parties to ensure efficient project progression while upholding federal environmental standards, assuring stakeholder engagement, including comprehensive reclamation and closure planning and all related permitting requirements.

Jon Gilligan, president and chief operating officer of Liberty Gold, stated: "Submission of the draft mine plan of operations and completion of the interagency MOU formalizing a strong, collaborative partnership with federal and state co-operating agencies, reflects our deep commitment to responsible resource development, project transparency and environmental stewardship.

"We are establishing a strong foundation for advancing Black Pine through the permitting process to a potential construction decision within three years, ensuring the project meets the highest environmental and operating standards. We look forward to working closely with the regulatory agencies and community stakeholders over the coming period to complete the environmental impact statement and concurrently build the team that will deliver on Black Pine's full potential.

"We also would like to commend Idaho Governor Brad Little for his Executive Order 2025-02, the Strategic Permitting, Efficiency, and Economic Development (SPEED) Act, which will improve co-ordination among state agencies, reduce permitting delays, and drive forward projects that promote energy independence, national security and economic growth. Liberty Gold looks forward to our Black Pine mine being an active part of the SPEED Act process in the coming months."

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 significant gold deposits that can be mined sustainably and profitably in open-pit scenarios.

We seek Safe Harbor.