Liberty Gold Reports Infill and Step-out Drill Results at the Black Pine Gold Project, Idaho

Executive Summary

• Liberty Gold Corp. reports additional reverse circulation (RC) and core drill results from its 2025 drilling program at the Black Pine Oxide Gold Project in Idaho, focusing on infill and step-out drilling to validate geological continuity and expand the resource ahead of a feasibility study.
• Significant high-grade intercepts were reported at the Rangefront Zone, including Hole LBP1197 returning 0.86 g/t Au over 123.4 meters and Hole LBP1213 returning 0.67 g/t Au over 61.0 meters, which serves as a 175-meter step-out.
• The 2025 drilling program totaled approximately 40,000 meters, with feasibility resource modeling nearing completion to incorporate approximately 60,000 meters of new drilling across 250 holes, targeted for completion in Q1 2026.

Key Details

• Hole LBP1197 (High Grade Core): 0.86 g/t Au over 123.4 meters, including 2.45 g/t Au over 24.4 meters.
• Hole LBP1213 (Rangefront Zone Step-out): 0.67 g/t Au over 61.0 meters; identified as a 175-meter step-out at the Rangefront Zone.
• Hole LBP1201 (Northeast Extension): 0.45 g/t Au over 68.6 meters, including 1.30 g/t Au over 6.1 meters.
• Hole LBP1165C (Geotech Core): 69.5 meters at 0.70 g/t Au, including 7.3 meters at 3.16 g/t Au; also reported 27.4 meters at 0.23 g/t Au and 31.7 meters at 0.46 g/t Au.
• Hole LBP1188 (Eastern Infill): 51.8 meters at 0.49 g/t Au, including 6.1 meters at 1.19 g/t Au; also reported 61.0 meters at 0.25 g/t Au and 19.8 meters at 0.29 g/t Au.
• Hole LBP1198 (Southwest Extension): 32.0 meters at 0.53 g/t Au.
• Hole LBP1205 (Northeast Extension): 80.8 meters at 0.35 g/t Au, including 4.6 meters at 1.53 g/t Au.
• Hole LBP1211 (Western Shallow): 53.3 meters at 0.26 g/t Au; also reported 12.2 meters at 0.40 g/t Au and 24.4 meters at 0.26 g/t Au.
• Hole LBP1217 (New Northwest Extension): 16.8 meters at 0.24 g/t Au.
• Hole LBP1227 (Southern Extension): 35.1 meters at 0.21 g/t Au; also reported 6.1 meters at 0.19 g/t Au.
• Drilling Program Scope: The 2025 program included infill/offset RC drilling, geotechnical and metallurgical core drilling, sonic drilling in the historic heap leach pad, and installation of water monitoring wells. Total drilled: ~40,000 meters.
• Pending Results: Assay results for 50 drill holes are pending, expected through February.
• Feasibility Update: Resource modeling is near completion, incorporating ~60,000 meters of new drilling in 250 drill holes, with completion targeted for Q1 2026.
• QA/QC: Samples assayed by ALS Limited in Reno, Nevada using Fire Assay with AA finish (or gravimetric finish if >5.0 g/t Au). Cut-off for composites is 0.10 g/t Au.

Notable Quotes

• “These results continue to demonstrate the remarkable continuity of the Black Pine mineralized system and its ability to surprise with continued growth and new high-grade zones,” said Pete Shabestari, Vice President of Exploration. “The infill drilling is confirming what we already know – we are tightening our geological model ahead of feasibility where historical drill coverage was low and in the higher grade domains. This past year’s drilling has also confirmed that Rangefront remains wide open for expansion, with a current footprint of 1500 meters by 1000 meters, and based on this year’s results, we still have a lot of work to do.”