Liberty Gold Strengthens Treasury with US$2.2 Million to Advance Black Pine

Executive Summary

• Liberty Gold received the first staged payment of US $2.2 million for its previously announced sale of a 72.1% interest in the TV Tower copper‑gold project, bringing total cash received to US $5.9 million.
• The transaction’s total consideration is US $8.5 million, with a final payment of US $2.6 million due on October 4, 2026.
• The non‑dilutive proceeds bolster the company’s treasury and will be used to fund core oxide gold projects, notably the Black Pine project in Idaho.

Key Details

• Transaction: Sale of 72.1% interest in TV Tower copper‑gold project (Biga Province, northwest Türkiye).
• Total Consideration: US $8.5 million payable in staged installments.
• Payments Received to Date: US $5.9 million (including the latest US $2.2 million).
• Remaining Balance: US $2.6 million, scheduled for payment on 2026‑10‑04.
• Purpose of Proceeds: Non‑dilutive funding to cover corporate costs and channel new capital into core oxide gold projects, especially Black Pine in Idaho.
• CEO Comment: Jon Gilligan highlighted that the staged payment strengthens treasury and supports advancement of Black Pine, the company’s largest undeveloped oxide gold project.

Notable Quotes

“This non‑dilutive staged payment further bolsters our treasury and underscores our strategy of channeling capital into our core oxide gold project… We remain focused on unlocking the value of Black Pine, the largest undeveloped oxide gold project in the Great Basin.” – Jon Gilligan, President & CEO, Liberty Gold Corp.