Liberty Gold Reports Annual General Meeting Results and Corporate Update

Liberty Gold Corp. reported the results of its Annual General Meeting held on June 17, 2026. Shareholders overwhelmingly approved all director nominees, auditor reappointment, and amendments to equity incentive plans. Long-serving director Rob Pease transitioned off the Board but will remain as a Corporate Advisor.

The most significant operational update is the exercise of Centerra Gold Inc.'s top-up right under a September 2025 Investor Rights Agreement. Centerra subscribed for 2,050,287 common shares at C$1.70 per share, injecting C$3.5 million into the company. This capital is earmarked to advance the Black Pine Oxide Gold Project through its feasibility and permitting phases. The transaction maintains Centerra's 9.9% equity stake.

This follows a series of expected corporate actions: the full exercise of May 2024 warrants (generating ~C$8.0M), the closing of the Goldstrike asset sale to Heliostar for $72.5M, and the commencement of a 40,000-meter RC drilling program in May 2026. Management continues to target a Feasibility Study release in Q4 2026 and a Record of Decision (ROD) by January 2028 under the FAST-41 permitting framework.

The news is classified as Routine - Positive. The Centerra top-up was a contractual right established in September 2025, and its exercise aligns with the company's stated capital strategy. While the C$3.5M injection is positive for liquidity, it is incremental and expected. The AGM voting results are standard corporate governance procedures.

The market has already priced in the strategic partnership with Centerra and the monetization of non-core assets (Goldstrike, Gage, TV Tower). This release confirms continued institutional backing and validates the execution of the capital plan, but it does not introduce new technical data, resource growth, or permitting breakthroughs that would materially alter the investment thesis. The company remains on track for its Q4 2026 Feasibility Study target.

Liberty Gold Corp. is a gold exploration and development company focused on the Black Pine Oxide Gold Project in southeastern Idaho. Black Pine is a brownfield development with existing infrastructure and a large oxide gold endowment. - Resource Estimate (Feb 2026): 4.88 million ounces indicated (502.7 Mt @ 0.30 g/t Au) and 1.05 million ounces inferred (157.1 Mt @ 0.21 g/t Au) at a 0.10 g/t Au cut-off. A high-grade subset (0.50 g/t cut-off) contains 1.91 million ounces indicated. - Processing: The project utilizes a Run-of-Mine (ROM) heap leach flowsheet. Metallurgical testing (Phases 5A/5B) confirms weighted-average gold extractions of 80-82%, with rapid leach kinetics. - Permitting: Accepted into the FAST-41 federal framework as a "Covered Project" in January 2026. Idaho state permitting is aligned with federal timelines. Target Record of Decision is January 2028. - Strategy: Management is actively monetizing non-core assets (Goldstrike, Gage, TV Tower) to fund Black Pine development without excessive dilution.