Historic Black Pine Mine Water Rights Purchased

VANCOUVER — Liberty Gold Corp. has purchased and obtained registered title to two historical Black Pine Mine water rights totaling 868.5 acre feet per annum (“AFA”) (~1 million cubic meters per year “m3/yr”). Both rights are registered to the Black Pine Mine Well immediately adjacent to the potential site of a future heap leach pad. Liberty Gold has now secured, through a combination of purchase and long-term lease, an aggregate of 3,202 AFA (~4 million m3/yr) of process water supply, sufficient for any future large-scale mining operation envisioned at Black Pine. This final piece in the Company’s proactive, early-stage water acquisition strategy materially de-risks the Black Pine project from a development perspective and also provides the Company with sufficient upside capacity in the event the deposit and current target areas continue to grow in scale.

The Company has also secured access to two other wells in the basin close to potential mining and processing operations, allowing it to manage the aquifer for a long-term, sustainable water supply. At mine closure, leased water rights would be returned to the owners, with the Black Pine Mine Well water rights available for future lease or sale to other potential users.

Jason Attew, President and CEO, said, “In this part of the world, I don’t think it is possible to overemphasize the importance of securing water rights pursuant to the future permitting and operation of a mine. The team has worked diligently over the last two years to acquire water rights, secure land and mineral rights and advance power agreements, which have significantly de-risked Black Pine’s future operations.”