Mr. Ian Harris reports

LIBERO COPPER COMPLETES MONTCLAR BRIDGE, SUPPORTING EXPANDED EXPLORATION AT MOCOA PORPHYRY COPPER-MOLYBDENUM PROJECT, COLOMBIA

Libero Copper & Gold Corp. has completed the Montclar Bridge, a pivotal infrastructure milestone at the Mocoa porphyry copper molybdenum project in Putumayo, Colombia. Fully permitted prior to construction, the Montclar Bridge now serves as the final link in an access corridor that begins at Montclar and extends 2,100 metres to the deposit area -- a corridor that was fully rehabilitated during mobilization at the end of 2024.

Highlights

• Cost-reducing infrastructure achievement: The fully permitted Montclar Bridge marks a critical milestone by providing safe, efficient ground access to the deposit area -- eliminating costly helicopter support and enhancing overall operational efficiency.
• Strategic community partnership: Co-designed with the local Montclar community -- the last community at the start of the access corridor before the uninhabited deposit area -- the bridge was built to address shared economic development needs. It exemplifies a collaborative effort that delivers mutual value, enhancing local connectivity and project efficiency.
• Foundation for expanded exploration: By streamlining the transport of drills and supplies, this access supports accelerating the 14,000-metre drilling campaign and sets the stage for further exploration expansion.

"I'm proud to announce the completion of the Montclar Bridge -- a milestone achieved through close collaboration with the Montclar community and a key element of our Mocoa exploration and development strategy," said Ian Harris, president and chief executive officer of Libero Copper. "This new access not only supports the community's economic development and enhances our operational efficiency, but it also paves the way for expanded ground-based exploration. Our strong partnership with Montclar has been essential to reaching this milestone, and it positions us well for the next phase of our drilling program."

New Montclar Walking Bridge

The design, planning and construction of the new Montclar walking bridge were executed under the mutual benefit agreement signed between Libero and the local Montclar community (see news release Nov. 29, 2022). Spanning approximately 60 metres in length and 2.5 metres in width, the bridge provides a safe crossing over the Mocoa River for community members and ensures uninterrupted support for project operations. An efficient permitting process by regional agencies facilitated its timely realization, reflecting a strong local commitment to sustainable resource development in Putumayo.

This jointly planned bridge not only supports the economic development of the Montclar community -- the last settlement at the start of the access corridor -- but also enhances safety for personnel and equipment. Moreover, by enabling efficient, ground-based transport of drills and supplies, it eliminates the need for costly helicopter support. The construction of the walking bridge exemplifies the core principles of the mutual benefit agreement, ensuring both community development and overall project success.

About the Mocoa porphyry copper-molybdenum deposit

The Mocoa deposit is located in the department of Putumayo, 10 kilometres from the town of Mocoa. Libero Copper's district scale holdings cover over 1,000 square kilometres through titles and applications, encompassing most of the Jurassic porphyry belt in southern Colombia. Mocoa was discovered in 1973 when the United Nations and the Colombian government conducted a regional stream sediment geochemical survey. Between 1978 and 1983, an exploration program was carried out that consisted of geological mapping, surface sampling, ground geophysics (IP, magnetics), 31 diamond drill holes totalling 18,321 metres and metallurgical testwork B2Gold subsequently executed diamond drill programs in 2008 and 2012.

The Mocoa deposit appears to be open in both directions along strike and at depth. Current work on the property has identified additional porphyry targets including the possible expansion of known mineralization. The Mocoa deposit is situated in the Central Cordillera of Colombia, a 30-kilometre-wide tectonic belt underlain by volcano-sedimentary, sedimentary and intrusive rocks that range in age from Triassic-Jurassic to Quaternary and by remnants of Paleozoic metasediments and metamorphic rocks of Precambrian age. This belt hosts several other porphyry-copper deposits in Ecuador, such as Mirador, San Carlos, Panantza and Solaris's Warintza. Copper-molybdenum mineralization is associated with dacite porphyry intrusions of the Middle Jurassic age that are emplaced into andesitic and dacitic volcanics. The Mocoa porphyry system exhibits a classical zonal pattern of hydrothermal alteration and mineralization, with a deeper central core of potassic alteration overlain by sericitization and surrounded by propylitization. Mineralization consists of disseminated chalcopyrite, molybdenite, and local bornite and chalcocite associated with multiphase veins, stockwork and hydrothermal breccias. The Mocoa deposit is roughly cylindrical, with a 600-metre diameter. High-grade copper-molybdenum mineralization continues to depths in excess of 1,000 metres.

About Libero Copper & Gold Corp.

Libero Copper is led by a team with rare experience -- having advanced projects from postresource discovery to the path of construction, including some of the few large copper projects built in the last 20 years. This real-world expertise drives Libero Copper's focus on relationships, responsibility, trust and a relentless commitment to sustainable progress.

At the core of Libero Copper's portfolio is the Mocoa copper-molybdenum porphyry deposit in Putumayo, Colombia. Mocoa stands as a cornerstone asset with immense potential for expansion.

Now, with the Fiore Group's bold company-building vision behind it, Libero Copper is uniquely positioned to fill a crucial gap in the copper industry -- advancing large-scale projects toward construction. Through this approach, Libero Copper is committed to creating lasting value for all stakeholders while positioning itself at the forefront of meeting the growing global demand for copper -- the metal driving progress in the modern economy.

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