Ms. Susie Bell reports

LIBERTY GOLD CLOSES C$23 MILLION BOUGHT DEAL PUBLIC OFFERING

Liberty Gold Corp. has closed its previously announced bought deal public offering of 69,699,200 units of the company at a price of 33 cents per unit for gross proceeds of $23,000,736, which included the exercise, in full, of the underwriters' overallotment option. The offering was conducted by Canaccord Genuity Corp., as sole bookrunner, and BMO Capital Markets, as co-lead underwriter with Canaccord Genuity, and included Paradigm Capital Inc., Desjardins Securities Inc. and Ventum Financial Corp.

Each unit consists of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one common share of the company at a price of 45 cents until April 22, 2027.

The units were offered in Canada by way of a prospectus supplement of the company dated April 16, 2025, to the company's existing short form base shelf prospectus dated June 21, 2023.

The net proceeds of the offering will be used to advance the company's Black Pine oxide gold project, as well as for working capital and general corporate purposes, as set out in the prospectus supplement.

The offering remains subject to the final approval of the Toronto Stock Exchange.

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.