Liberty Gold Confirms Oxide Gold Discovery 

VANCOUVER, BC – Liberty Gold Corp. reported the results from ongoing Reverse Circulation (RC) drilling at the Goldstrike Project, the flagship of its three principal gold projects located in the prolific Great Basin of the United States. Located in southwestern Utah, Goldstrike is a past-producing oxide - heap leach gold mine that contains a large, shallow, district-scale, Carlin-style gold system.

The Peg Leg area is located 250 m south of the main Goldstrike Deposit. This area is currently the subject of infill and step out drilling in order to increase the historical footprint of mineralization and bring unclassified mineralization outside of the resource pit limit into the pit.  Results have been received from 31 drill holes, with several more pending.

Cal Everett, President and CEO of Liberty Gold commented, “The Peg Leg exploration results have confirmed this area to have starter pit potential given the higher grade results over significant widths. It confirms our belief that oxide gold bearing feeder structures follow multiple orientations that crosscut the main Goldstrike Deposit trend.”

Liberty Gold continues to meet its project enhancement goals in 2018, commencing with a maiden resource estimate released in February1. The Preliminary Economic Assessment (“PEA”), published in July 2018, is based on a resource that includes drill results through the end of 2017.  Liberty Gold resumed drilling in April 2018 and has drilled over 20,000 m of RC to date.  Drilling has focused on resource growth around the PEA pits, as well as testing of reconnaissance targets in other areas of the property. 

Liberty Gold is focused on exploring the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining.  This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah.  We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios.  Our flagship projects are Goldstrike, Black Pine and Kinsley Mountain, all of which are past producing open-pit mines, where previous operators only scratched the surface.

The company’s address is Suite 1900, 1055 West Hastings Street, Vancouver, BC V6E 2E9, 604.632.4677, email: [email protected].