Liberty Gold reports drill results from Black Pine Oxide Gold Project

Liberty Gold reports the latest assay results from a further 22 holes drilled in the Back Range Zone and the Discovery Zone. These results form part of the ongoing 2023 Reverse Circulation drill exploration program at its Black Pine Oxide Gold Project in southeastern Idaho. Exploration drilling continued in the third quarter with three RC rigs and one large diameter core rig active in the main target areas across the project. The key focus for the 2023 program is to add high-grade, near-surface ounces to the existing resource base, collect additional variability samples for metallurgical testwork and upgrade inferred resources to the indicated category, ahead of a pre-feasibility study. Drilling is on schedule for a fourth quarter completion of the approximately 30,000 meter planned for 2023. BACK RANGE HIGHLIGHTS: 3.40 grams per tonne gold over 32.0 m, including 6.74g/t Au over 9.1 m beginning from 74.7 m downhole in hole LBP945. 1.41 g/t Au over 22.9 m, including 4.28 g/t Au over 6.1 m beginning from 79.3 m downhole in hole LBP943. Drill results are reported from 15 additional RC drill holes completed in the Back Range Zone, leaving 20 holes with pending assay results. Results clearly demonstrate the strong lateral continuity of gold mineralization at Back Range, especially within the shallow, higher-grade oxide zones. These mineralized zones form a series of stacked subhorizontal lenses dipping slightly to the north. In particular, results for drill hole LBP945, located in the western margin of the resource area represent one of the best holes drilled to date in the Back Range Zone, with 3.40 g/t Au intercepted over 32 metres an approximate true width of 27 metres. Notably, this intercept was immediately adjacent to the 2023 Resource Pit. Mineralization along the western margin of the Back Range Zone is currently open and additional drill holes to offset the mineralization encountered in hole LBP945 have been completed with assays pending. Drill results from the northern Back Range Zone confirm the presence of a shallow, ~130 metre thick section of lower-grade oxide gold starting approximately 20 metres below surface. This intercept is open to the north and indicates the significant potential to grow the resource laterally.