Liberty Gold drills 71.6 m of 0.61 g/t Au at Black Pine

Executive Summary

• Liberty Gold Corp. released additional reverse circulation (RC) drill results from the 2025 resource infill drilling program at its 100%-owned Black Pine oxide gold project in southeastern Idaho.
• The results confirm and strengthen the geological model, demonstrating strong correlation with the prefeasibility block model and reinforcing confidence in the lateral continuity of high-grade oxide gold zones.
• Drilling is defining new near-surface gold mineralization at the Rangefront zone, previously classified as waste, which is expected to positively impact the strip ratio and waste-to-ore ratios in feasibility mine planning.

Key Details

• Program Scope: The 2025 infill drilling program is expected to complete at 33,000 meters by mid-December. Approximately 13,000 meters of this will be included in a future resource update.
• Feasibility Update: Feasibility resource modelling is underway, with an expected approximately 40,000 meters of new drilling into the model, expected to be completed in early Q1 2026.
• Rangefront Zone Highlights:
  • Twenty-one drill holes are reported, with an additional ~30 holes still in the lab.
  • Drilling is addressing near-surface gaps in drill data from early-stage, widely spaced exploration pads.
  • Seven metallurgical (PQ) core holes totaling 1,524 meters have been completed; samples are being processed with results expected in early 2026 to contribute to the phase 10 metallurgical program.
• Discovery Zone Highlights:
  • Drilling focused on geotechnical data collection, geology, mineralization model validation, and resource class upgrades.
  • Drilling to the north confirmed and improved upon historic drill results, showing strong oxide gold results that should increase and expand modelled high-grade zones.
• Technical Specifications:
  • Results are reported as drilled thickness; true thickness is approximately 70% to 100% of drilled thickness.
  • Cut-off for drill composites: 0.10 gram per tonne Au.
  • Assay method: ALS Ltd. in Reno, Nev., using fire assay of a 30-gram charge with AA finish, or gravimetric finish if over 5.0 g/t Au.
  • Cyanide leach analysis performed on samples over 0.10 ppm using 0.25% NaCN solution.

Notable Quotes

• "Drilling at Discovery and Rangefront continues to provide strong, as-expected results, with some pleasant surprises for future oxide gold resource growth... The consistency of these infill results gives us further validation of the resource model and reinforces our confidence in the continuity of gold mineralization as we advance preparation of the feasibility resource estimate." — Pete Shabestari, Vice-President of Exploration