Black Pine Oxide Gold Project, Idaho - Liberty Gold's Drill Success Signals Resource Growth Potential at Rangefront

Executive Summary

• Liberty Gold reports high‑grade oxide gold intercepts from its 2025 Rangefront drill program, including 1.27 g/t Au over 22.9 m (LBP1099) and 0.62 g/t Au over 53.3 m (LBP1124).
• The results reinforce continuity of mineralization around the existing Resource pit and support a planned conversion of >250,000 oz of resources to reserves, potentially expanding the Black Pine project to a 2‑3 Moz resource base.
• Approximately 50 additional RC holes (~12,000 m) are slated for 2025 to further delineate the Rangefront zone and advance feasibility studies.

Key Details

• Intercepts:
• LBP1099 – 1.27 g/t Au over 22.9 m (outside Resource pit).

• LBP1124 – 0.62 g/t Au over 53.3 m (outside Reserve pit).

• Program Scope:

• First 28 RC holes (6,506 m) drilled in Rangefront; all show economic oxide gold mineralization.

• Two RC rigs and one core rig currently operating; a fifth RC rig arriving mid‑September for hydrological work before moving to resource conversion drilling in Q4.

• Resource Impact:

• Existing Preliminary Feasibility Study (PFS) lists 1,619,000 indicated oz and 296,000 inferred oz Au in Rangefront (pre‑2024 drill).

• New drilling expands the zone laterally, potentially adding >250,000 oz to reserves once converted.

• Future Drilling Plan:

• ~50 additional RC holes (~12,000 m) planned for 2025 at Rangefront.

• Additional drilling in Discovery Zone and CD Pit (10 holes pending assay).

• Metallurgical Highlights:

• Weighted average gold extraction from column leach testing: 86.9 % on oxide material.

• Strategic Significance:

• Rangefront identified as a “strategic starter pit” for initial mining, with proximity to the proposed heap‑leach pad and potential to unlock ~1 km² of new exploration area.

• Management envisions a 2–3 Moz resource opportunity at Black Pine, larger than the Discovery Zone.

• Links & References:

• Full drill results table: https://libertygold.ca/images/news/2025/September/BP_Intercepts_20250904.pdf
• Dynamic 3D view of results: https://vrify.com/decks/19856

Notable Quotes

• Jon Gilligan, President & CEO: “The latest assay results at Rangefront underscore the exceptional potential of the wider Rangefront‑Leach Pad area to drive meaningful resource and reserve growth… it is becoming a very attractive starter location for initial mining operations.”