Mr. Jon Gilligan reports

LIBERTY GOLD COMMENCES 40,000 METER FEASIBILITY DRILL PROGRAM AND BULK METALLURGICAL SAMPLING AT THE BLACK PINE OXIDE GOLD PROJECT, IDAHO

Liberty Gold Corp. has begun feasibility fieldwork at its Black Pine oxide gold project in southeastern Idaho. This program confirms initiation of a formal feasibility study on Black Pine. Technical data collected will support feasibility-level engineering studies, planned to begin in the fourth quarter of 2025. In parallel, baseline studies are under way to complete the company's extensive environmental dataset, which will underpin preparation of the draft environmental impact statement (EIS) for Black Pine, also beginning in Q4 2025.

2025 work plan highlights:

• One reverse circulation (RC) exploration drill is currently active, with a second RC drill rig scheduled to arrive by the end of May. The approximately 40,000-metre drill program is focused on resource upgrade and extensions to mineralization in the Discovery, Rangefront, CD and M zone areas. Key objectives include:
  • Drilling for near-surface oxide gold mineralization in the Rangefront zone (greater-than-one-million-ounce resource), which remains open in all directions;
  • Infill drilling in the main Discovery zone to convert ounces to the measured category and to confirm geo-metallurgical domain modelling;
  • Drilling along the CD to F zones for resource conversion to the indicated category and to further delineate the extent of mineralization to the southeast and northwest, where it remains open.
• A Sonic drill rig has begun a comprehensive drill test of the legacy heap leach pad (HLP) to define the characteristics of the material and assess remnant ounces of gold to add to the current mine plan. This program is expected to be approximately 1,200 m over 20 holes, to be completed in two increments, to allow for assay results in advance of drill hole planning for the second part of the study.
• Two phases of metallurgical studies are planned: (i) phase 6 is a surface bulk sampling program to support large-diameter column testing; and (ii) phase 7 is metallurgical studies, including material from a lower-grade set of oxide composites to assess recoveries in an eventual mining scenario.
• Hydrologic study work, which includes additional monitoring wells and large-scale aquifer pump testing to determine hydraulic conductivity of both the local bedrock aquifer and alluvial aquifer, as well as potential degree of connectivity.
• An extensive site investigation into the soils and bedrock properties on the proposed infrastructure locations and potential borrow sites.

Jon Gilligan, president and chief operating officer of Liberty Gold, commented: "We are thrilled to be starting this year of fully funded work at Black Pine with our target of delivering an updated feasibility-level resource towards the end of the year and a feasibility study in the second half of 2026. Black Pine continues to impress with the extent of the gold system, and this year should highlight the project as the premier gold development project in the Great basin. In parallel, we are well under way with the mine permitting process, having submitted our draft mine plan of operations earlier this year and preparing to commence work on the draft EIS in close collaboration with federal and state regulators."

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. 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 and in an environmentally responsible manner.

Peter Shabestari, PGeo, vice-president of exploration, is the company's designated qualified person for this news release, within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. He has reviewed and validated that the information contained in this release is accurate.

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