Liberty Gold drills 85.3 m of 1.53 g/t Au at Black Pine

Executive Summary

• Liberty Gold Corp. reported high-grade oxide gold drill intercepts from nine infill holes in the Discovery zone at its Black Pine Gold Project in Idaho.
• The results support resource conversion (inferred to indicated), metallurgical modeling, and mine design for the upcoming feasibility study.
• Drill hole LBP1171 contains the eighth-highest unmined intercept at Black Pine on a grade-thickness basis, confirming the extension of a previously mined high-grade shoot.

Key Details

• Drill Program Context: Results are from the first nine holes of a planned 35-to-40-hole infill program in the Discovery zone, part of a ~40,000-metre feasibility drill program.
• Significant Intercepts (Widths reported as drilled; true widths unknown):
  • Hole LBP1171: 5.19 g/t Au over 9.1 m, including 21.3 g/t Au over 1.5 m, within 1.53 g/t Au over 85.3 m.
  • Hole LBP1155: 3.44 g/t Au over 15.2 m within 1.17 g/t Au over 59.4 m.
  • Hole LBP1168: 2.44 g/t Au over 10.7 m within 1.16 g/t Au over 27.4 m.
  • Hole LBP1139: 2.35 g/t Au over 10.7 m within 1.17 g/t Au over 25.9 m.
  • Hole LBP1163: 1.84 g/t Au over 7.6 m within 0.53 g/t Au over 51.8 m.
  • Hole LBP1143: 1.10 g/t Au over 6.1 m within 0.57 g/t Au over 91.4 m.
• Geological Findings:
  • Excellent continuity of near-surface oxide mineralization with high-grade domains laterally continuous in multiple directions.
  • Multiple stacked, flat-lying zones of oxide mineralization support existing grade modeling.
  • Validation of metallurgical models used in the Pre-Feasibility Study (PFS); all intercepts confirm or expand the highest recovery metallurgical zones based on cyanide soluble assay results.
• Future Plans:
  • Results will feed into the updated feasibility resource model scheduled for Q4 2025.
  • One core and three RC rigs continue drilling in Discovery and Rangefront zones; additional assays are pending.
  • Next steps include resource conversion, geotechnical drilling, and resource expansion in Rangefront.

Notable Quotes

• Jon Gilligan, President and CEO: "While Rangefront expands towards a potential cornerstone starter pit, today's Discovery zone results reinforce why Black Pine is an exceptional oxide gold system. We are drilling thicker-than-expected oxide mineralization with consistent grade -- precisely the type of material required for feasibility conversion. These results reinforce Discovery as a high-margin mining phase with strong leach performance and clear potential to add ounces to the resource."