LIBERTY GOLD CORP ORD - LGDTF STOCK NEWS

Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) has announced promising initial results from its 2023 Reverse Circulation drill program at the Black Pine Oxide Gold Project in Idaho. Significant findings include:

• M Zone: 2.83 g/t Au over 25.9 m and 2.13 g/t Au over 21.3 m with high-grade intercepts of up to 19.2 g/t Au.
• Rangefront Zone: 0.72 g/t Au over 35.1 m and 0.86 g/t Au over 25.9 m.

In total, assay results from 53 holes have been received, targeting mineral resources and mineralization potential in both zones. Liberty Gold plans to add a second drill rig to enhance exploration efforts, focusing on both existing and new target areas. The company holds significant indicated and inferred resources, with plans for further drilling and an economic study scheduled for later this year.

Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) announced the retirement of founder Dr. Mark O'Dea as Chair and Director, effective June 14, 2023. Mr. Rob Pease, the incoming Chair, praised O'Dea's visionary leadership, which has significantly contributed to the discovery and development of large-scale gold deposits in the Great Basin. The company is undergoing succession planning, having recently appointed a new CEO and several VPs, while maintaining a strong treasury. O'Dea, who has been a net buyer of shares over the past 12 years, expressed confidence in Liberty's potential for growth and profitability. His legacy includes fostering a collaborative culture and a commitment to responsible development, which the board aims to uphold.

Liberty Gold Corp. (OTCQX: LGDTF) has amended its previous financial release dated March 28, 2023, correcting the working capital for year-end 2022 from $25,200 thousand to $17,668 thousand. This revision does not affect the overall financial statements of the Company. Key figures include cash and short-term investments of $19,813 thousand and total assets amounting to $47,954 thousand as of December 31, 2022. Despite the correction, Liberty Gold remains focused on exploring and developing oxide deposits in the Great Basin, a region known for its prolific gold production.

Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) reported its financial and operational results for the fiscal year ending December 31, 2022. Key highlights include an updated mineral resource estimate at the Black Pine Project, indicating 2.61 million ounces of oxide gold at an average grade of 0.52 g/t Au. The company also secured water rights and reported significant gold grades from various drill results, confirming continuous mineralization. Financially, Liberty Gold reported a loss of $21.1 million, compared to a $29.7 million loss in 2021. Cash and equivalents amounted to $19.8 million, with total assets at $47.9 million. The 2023 drilling program is set to enhance resource estimate and expansion.

Liberty Gold Corp. has released Phase 4A metallurgical testing results from the Rangefront Zone at its Black Pine Oxide Gold Project in Idaho. The tests achieved an impressive 86.9% weighted average gold extraction, with leaching results showing over 80% of recoverable gold extracted within 10 days. The new data indicates a potential increase in recoverable gold by approximately 4% in the upper plate sandstone unit and 10% in the middle plate limestone unit, set to be included in the upcoming resource update. The results underscore a low-cost, efficient heap leach processing route, significantly de-risking the project prior to feasibility studies.

Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) has filed a National Instrument 43-101 Technical Report for its Black Pine Oxide Gold Property in Idaho, effective January 21, 2023, and signed on March 10, 2023. The report details an updated mineral resource estimate and has been prepared by independent qualified professionals. Black Pine is situated near the Utah/Idaho border and is notable for its Carlin-style gold system. The historic Black Pine Mine produced 435,000 ounces of gold from 1992 to 1997. The Technical Report is accessible on SEDAR and Liberty Gold's website, enhancing transparency for investors.

Liberty Gold Corp. (OTCQX: LGDTF) announced significant drilling results from the Black Pine Oxide Gold Project in Idaho. Highlights include:

• 7.07 g/t Au over 18.3 m in hole LBP813.
• 1.17 g/t Au over 47.2 m in hole LBP736.
• 3.10 g/t Au over 27.4 m in hole LBP796.
• 0.78 g/t Au over 115.8 m in hole LBP782.

These results aim to expand and upgrade the current Mineral Resource Estimate, indicating high-grade gold mineralization potential. Notably, LBP813 recorded the highest gold assay in the project’s history, suggesting promising near-surface ore. The company plans further drilling to enhance resource delineation and assess mine scheduling.

Liberty Gold Corp. has announced an updated Mineral Resource Estimate (MRE) for its Black Pine Oxide Gold Project, reflecting a significant 52% increase in indicated ounces and a 31% increase in inferred ounces. The MRE, effective January 21, 2023, reports 2,613,000 indicated ounces and 483,000 inferred ounces of oxide gold, with an average grade of 0.52 g/t Au. The increase is attributed to extensive drilling in the Rangefront Zone and the expansion of existing zones. This update is a crucial milestone for Liberty Gold, supporting its hypothesis of a vast oxide gold system.

Liberty Gold Corp. (OTCQX: LGDTF) announced key updates including the appointment of Lisa Wade to its Board and Peter Shabestari as Vice President of Exploration. The company plans extensive work programs for 2023 at its Black Pine and Goldstrike projects in the U.S. and the TV Tower project in Turkey. With a working capital of C$31.8 million, Liberty Gold is set to update its Mineral Resource Estimate in February and focus on drill programs and de-risking activities. The company aims to enhance shareholder value through strategic initiatives in a potentially revitalizing gold market.