Liberty Gold enters deal to sell Gage project

Ms. Susie Bell reports LIBERTY GOLD ANNOUNCES THE SALE OF THE GAGE PROJECT Through Liberty Gold Corp.'s subsidiary, Liberty Gold USA Inc., the company has entered into an asset purchase agreement with a subsidiary of Blue Moon Metals Inc., whereby Liberty Gold will divest its copper-gallium-germanium Gage project located in southern Utah, for consideration of 420,935 common shares in Blue Moon plus a 2.0-per-cent net smelter return royalty. The project, which comprises interests in certain unpatented critical minerals focused mining claims and School and Institutional Trust Lands Administration (SITLA) leases, was deemed a non-core asset and was the subject of a review of divestiture options as announced by the company in late December, 2025 (see press release dated Dec. 31, 2025). Transaction summary Under the terms of the agreement, on closing of the transaction, Liberty Gold will receive total consideration comprise: Approximately $2-million (U.S.) via the receipt of 420,935 common shares of Blue Moon; A 2.0-per-cent net smelter return royalty (NSR), payable on mineral production on the project, excluding land subject to SITLA leases and subject to an option in favour of Blue Moon to repurchase 1.0 per cent of the NSR at any time prior to achieving commercial production for a cash payment of $2-million (U.S.). The agreement contains certain representations and warranties, covenants, and indemnities customary for a transaction of this nature. All shares of Blue Moon received as consideration in the transaction will be subject to a hold period under applicable Canadian securities laws, which will expire four months plus one day from closing of the transaction. Closing of the transaction remains subject TSX-V regulatory approvals, as well as customary closing conditions for a transaction of this nature and is expected to occur within 30 days. No advisory fees have been paid in relation to the transaction. Advisers and counsel Blake, Cassels & Graydon LLP and Parsons Behle & Latimer acted as legal counsel in connection with the transaction. About Liberty Gold Corp. Liberty Gold is a United States-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 United States 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. We seek Safe Harbor.