Liberty Gold Reports Consistent Gold Grades from Infill Drilling at Black Pine Gold Project, Idaho

Highlights*

• Results demonstrate strong correlation with the pre-feasibility block model and reinforce confidence in the lateral continuity of high-grade oxide gold zones and leach recovery characteristics across the deposit providing the opportunity for further resource growth in the upcoming Feasibility resource update.

• Drilling across the current Rangefront resource pit is defining new near-surface gold mineralization in areas, which were previously classified as waste due to the lack of drilling. This is expected to have a positive impact on the strip ratio as Feasibility mine planning progresses.

• Infill drilling continues to convert Inferred resources to Indicated and provide detailed confirmation of gold grade and distribution, increasing model confidence ahead of the Feasibility Study.

• Feasibility Resource modelling is underway, with an expected ~40,000 metres of new drilling into the model and is expected to be completed in early Q1, 2026.

• Drilling is on-going with 3 rigs and the 2025 program is expected to complete at 33,000 m by mid-December, approximately 13,000 m of which will be included in a future resource update.

* Results are reported as drilled thickness, true thickness is approximately 70-100% of drilled thickness. Please refer to the full table at the link below for complete results.

“Drilling at Discovery and Rangefront continues to provide strong, as-expected results, with some pleasant surprises for future oxide gold resource growth,” stated Pete Shabestari, Vice President of Exploration. “The consistency of these infill results gives us further validation of the resource model and reinforces our confidence in the continuity of gold mineralization as we advance preparation of the Feasibility resource estimate. Black Pine has consistently demonstrated resource growth commensurate with drilling, and we expect this to continue at Rangefront with our upcoming Feasibility resource update.”

For a table showing complete drill results for the current release, see this link:
https://libertygold.ca/images/news/2025/December/BP_Intercepts_20251203.pdf

Figure 1: Plan Map of the Rangefront and Discovery zones with current drill holes

g/t Au = grams per tonne of gold

RANGEFRONT ZONE HIGHLIGHTS:

21 drill holes are reported from Rangefront with an additional ~30 holes still in the lab, with drilling ongoing. Rangefront drilling continues to produce results in-line with modelled gold grade and metallurgical characteristics. The program is addressing near-surface ‘gaps’ in drill data, which were a result of early-stage, widely spaced exploration drill pads. This systematic infill drilling is defining new oxide gold mineralization, where previously there was interpreted waste/cover rocks and is expected to have a positive impact on waste to ore ratios in the feasibility mine planning.

In addition to exploration infill drilling metallurgical core drilling (7 holes, 1,524 meters) has also been completed. Samples from that drilling are currently being processed, and results are expected in early 2026. Composites from these PQ core holes will contribute to the Phase 10 metallurgical program, designed to improve spatial coverage of variability samples across Rangefront, prompted by the increase in the mineralized footprint.

Figure 2: Cross Section through the Rangefront Zone

DISCOVERY ZONE HIGHLIGHTS:

Discovery Zone drilling has been focused on geotechnical data collection, geology and mineralization model validation, and resource class upgrades. Drilling in all areas has confirmed the resource model and added confidence in the metallurgical classification and modeling. Drilling to the north has confirmed and improved upon historic drill results and continues to show strong oxide gold results that should increase and expand modelled high-grade zones in the upcoming resource.

Figure 3: Cross Section through the Discovery Zone

ABOUT LIBERTY GOLD

Liberty Gold is focused on developing open pit oxide deposits in 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.  The Company is advancing the Black Pine Project in southeastern Idaho, a past-producing, Carlin-style gold system with a large, growing resource and strong economic potential. We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios and in an environmentally responsible manner.

For more information, visit libertygold.ca or contact:

Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
info@libertygold.ca