2022 Program Commencing At The Goldstrike Oxide Gold Deposit

VANCOUVER - Liberty Gold Corp., President and CEO, stated, “We are pleased to wrap up last year’s exploration program on a high note at the Goldstrike Oxide Gold Project in southwestern Utah, with excellent results from an undrilled part of the Main Zone. The gold mineralization we encountered is consistently shallow and high-grade, with exceptional cyanide solubility. The resource model, updated with tighter drilling, will serve as a solid foundation on which to base a prefeasibility study decision. Drilling will recommence in a few weeks to continue the same systematic exploration approach as last year.”

Liberty Gold completed 15,574 meters (m) of RC drilling in 108 holes at Goldstrike in 2021, primarily to upgrade portions of the resource from Inferred to Indicated for use in future economic and engineering studies. A second objective was to test gaps in the Main Zone mineralization and down-dip extension around the margins of the deposit. All assay data have been received and are being incorporated into an updated mineralization model, and de-risking activities around land, water, engineering, and baseline studies are underway.