Mr. Cal Everett reports

LIBERTY GOLD FILES PROSPECTUS SUPPLEMENT IN CONNECTION WITH BOUGHT DEAL PUBLIC OFFERING

In connection with a previously announced bought deal public offering, Liberty Gold Corp. has filed a prospectus supplement dated April 16, 2025, to the company's base shelf prospectus dated June 21, 2023, to qualify the distribution of 60,608,000 units of the company at a price of 33 cents per unit and up to an additional 9,091,200 units at the offering price to be issued upon exercise of an overallotment option, the particulars of which are further described in the prospectus supplement.

Closing is expected on or about April 22, 2025, and is subject to regulatory approval, including that of the Toronto Stock Exchange.

Access to the prospectus supplement, the base shelf prospectus and any amendments thereto is being provided in Canada in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendments to such documents. The prospectus supplement and base shelf prospectus are accessible on SEDAR+. An electronic or paper copy of the prospectus supplement, the base shelf prospectus and any amendment may be obtained, without charge, from Canaccord Genuity Corp. by e-mail at ecm@cgf.com or by phone at 416-869-3052 by providing the contact with an e-mail address or address, as applicable.

Change in management

The company announces that Darin Smith, its senior vice-president, corporate development, has submitted his notice of resignation, effective May 6, 2025, to pursue another opportunity. Over the past 2-1/2 years, he has been instrumental in supporting the company's strategic initiatives. His contributions were valuable in strengthening key corporate relationships during a pivotal period of growth for the company.

Cal Everett, chief executive officer and director, said: "On behalf of Liberty Gold, I want to thank Darin for his contributions. He played a valuable role in the formulation of the prefeasibility study at our Black Pine oxide gold project and in supporting various business development initiatives. We wish him all the best as he takes the next step in his career."

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 is advancing the Black Pine project in southeastern Idaho, a past-producing, Carlin-style gold system with a large, growing resource and strong economic potential.

We seek Safe Harbor.