Mr. Jon Gilligan reports

LIBERTY GOLD PROVIDES YEAR-END UPDATE ON GOLDSTRIKE AND CRITICAL MINERALS ASSETS

Liberty Gold Corp. has provided a year-end update on the company's continuing activities designed to surface long-term value from the Goldstrike oxide gold project, the Antimony Ridge discovery and the recently acquired Gage critical metals project in southwestern Utah.

Jon Gilligan, president and chief executive officer of Liberty Gold, commented: "Earlier this year, Liberty Gold evaluated a range of strategic alternatives for its Goldstrike-related assets, including potential separation structures. As that review progressed and as market conditions evolved, it became clear that pursuing some of those pathways would not be the most value-enhancing course for shareholders at this time. As a result, the company has refined its approach to these assets and will manage them in a manner that supports disciplined capital allocation and management focus across the portfolio."

Liberty Gold has revised its strategy related to the Goldstrike, Antimony Ridge and Gage as follows:

• One hundred twenty-eight claims to the east of Goldstrike, which cover the Antimony Ridge project area, will be held separately from the Goldstrike project. Drill permitting for an additional 16 sites within Antimony Ridge has been completed and those sites are drill ready.
• Claims and state mineral leases from Liberty Gold's recently acquired Gage critical metals project will be combined with Antimony Ridge to create a critical metals investment opportunity.
• Liberty Gold is actively reviewing and advancing divestiture options for these combined critical minerals asset.

Goldstrike project

The company has recently added 35 claims to the west and north of Goldstrike to cover new high-potential oxide gold exploration targets areas. The company continues to advance Goldstrike, including acquiring process water rights, reviewing and acquiring nearby land opportunities, and updating internal economic studies and effective strategies for long-term value creation.

Antimony Ridge project

Antimony Ridge is a zone of extensive surface-exposed antimony and gold mineralization located about five kilometres east of the main Goldstrike resource. Initial outcrop sampling has obtained values of up to 5.8 per cent antimony that is hosted in strongly brecciated and silicified zones controlled by high-angle faults and lithologic contacts. Mineralization dips 20 to 25 degrees northeast and is open at depth with a transition from mixed sulphide at surface to complete sulphide at depth expected. Surface antimony exposures are clearly defined by soils data, which indicate an overall mineralized strike length of greater than three kilometres. The main targets at Antimony Ridge are fully permitted/bonded and ready to drill.

Gage project

As part of a review of critical minerals in proximity to the Antimony Ridge project, several priority targets for acquisition were identified with the goal to increase the scale of the company's critical minerals asset portfolio. As part of this strategy, Liberty Gold has secured 181 unpatented mining claims located on Bureau of Land Management lands and two Utah state leases for a total area of 5,916 hectares. These newly acquired lands (100 per cent Liberty Gold controlled), along a north-west trending critical metals belt greater than five kilometres in length, cover five historic mines and over 20 previously identified critical minerals prospects, entirely surrounding the past-producing Apex mine, currently owned by Teck American Inc.

According to the U.S. Geological Survey, the Apex mine produced copper, zinc, lead and silver from the 1890s to 1950s, and, in the early 1980s, it was identified that the orebody also contained significant values of gallium and germanium, along with indium, rhenium and antimony. This underground mine became the only primary producer of gallium and germanium in the United States when Musto Explorations Ltd. brought it into production in the mid-1980s and again with Hecla Mining Company in the 1990s.

Liberty Gold is actively reviewing and advancing divestiture options for its critical minerals assets. There can be no assurance that any transaction will be completed or as to the timing or terms of any such transaction. The company does not intend to make any further public comment on its critical minerals assets unless and until it determines that further disclosure is appropriate or necessary.

About Liberty Gold Corp.

Liberty Gold is a U.S.-focused gold development company building and advancing a pipeline of gold assets in the Great basin, one of the world's most productive and mining-friendly gold regions. The company's flagship asset is the 100-per-cent-owned Black Pine oxide gold project in southern Idaho, a large-scale, past-producing run-of-mine heap-leach system being advanced through feasibility and permitting toward a modern open-pit mining operation. Liberty Gold also controls the Goldstrike project in Utah, which remains an important part of the company's U.S. gold asset portfolio. The company's strategy is to responsibly develop high-quality, long-life gold projects in supportive jurisdictions, led by an experienced team with a record of discovery, development and delivering long-term value.

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