Liberty Gold Inc. (TSX:LGD) is pleased to announce additional drill results from the Western Zone and Main Zone at the 100% controlled Goldstrike Oxide Gold Project in southwestern Utah. In both areas, drilling is currently focused on amalgamating mineralization over large areas into single zones of mineralization. Both zones measure over 2 km long and up to 1 km wide, with areas of untested, high-conviction target potential.

Highlights from the Western Zone include:

• 0.79 grams per tonne gold (g/t Au) over 9.1 metres (m) and 0.38 g/t Au over 19.8 m and 1.40 g/t Au over 10.7 m within 0.99 g/t Au over 25.9 m in PGS320
• 0.77 g/t Au over 4.6 m and 0.51 g/t Au over 64.0 m in PGS322
• 1.72 g/t Au over 7.6 m within 0.70 g/t Au over 42.7 m in PGS324
• 1.60 g/t Au over 10.7 m within 0.79 g/t Au over 42.7 m in PGS339

Please note that due to having three drills on the property, assay results for the holes are not necessarily received in sequence.

KEY POINTS

• The newly-defined Western Zone considers five targets as potentially a single linear gold zone up to 3 km long. The objective of the current drill program in this area is to drill under and adjacent to four historic open pits (Covington, Moosehead, Caribou and Beavertail) in order to demonstrate continuity of gold mineralization over the entire zone. 
• The results continue to highlight long intervals of gold mineralization beginning at shallow depth, hosted in the Claron Formation (regional gold host) as well as in underlying Paleozoic rocks and fault breccias.
• Drilling is ongoing with two drills in the Western Zone, which encompasses over 3 square km with areas of known mineralization on surface or at shallow depth bracketing large, untested areas in between. 

Highlights from the Main Zone include:

• 0.64 g/t Au over 15.2 m and 1.96 g/t Au over 9.1 m within 1.11 g/t over 19.8 m in PGS290
• 0.71 g/t Au over 22.9 m in PGS303
• 2.22 g/t Au over 15.2 m within 1.05 g/t Au over 48.8 m in PGS306
• 0.63 g/t Au over 18.3 m in PGS308
• 0.83 g/t Au over 21.3 m in PGS318

KEY POINTS

• The drilling detailed above is part of a resource definition program in the Main Zone, with the goal to establish continuity of mineralization throughout the entire Main Zone area.
• The results are from the western part of the Main Zone, which contains a zone of higher-grade mineralization that may have starter pit potential in a mining scenario.

For a complete table of drill results from the current holes, please click here: http://libertygold.ca/images/sites/default/files/GS_Intercepts09082017.pdf

For a complete table of results for all drilling by Liberty Gold at Goldstrike from 2015 to July 2017, please click here: http://libertygold.ca/images/sites/default/files/GS_Intercepts2015to09082017.pdf

For a map of drill collars and traces for the current release, please click here: http://libertygold.ca/images/sites/default/files/GoldStrike_NR201719.pdf

Goldstrike is located in the eastern Great Basin, immediately adjacent to the Utah/Nevada border, and is a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada’s Carlin trend. Like Kinsley Mountain and Newmont’s Long Canyon deposit, Goldstrike represents part of a growing number of Carlin-style gold systems located off the main Carlin and Cortez trends in underexplored parts of the Great Basin. The historic Goldstrike Mine operated from 1988 to 1994, with 209,000 ounces of gold produced from 12 shallow pits, at an average grade of 1.2 g/t Au.

Moira Smith, Ph.D., P.Geo., Vice-President Exploration and Geoscience, Liberty Gold, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and validated that the information contained in the release is accurate. Drill composites were calculated using a cut-off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals vary between 30 and 100% of the reported lengths due to varying drill hole orientations, but are typically in the range of 60 to 80% of true width. Drill samples were assayed by ALS Limited in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.200 ppm an additional cyanide leach analysis is done where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS. Metallic screen techniques may be employed where the presence of coarse free gold is suspected. Approximately 1000 grams of coarse reject material are pulverized and screened. Two splits of the fine fraction are assayed, as well as all material that does not pass through the screen (the coarse fraction). The final gold assay reported is a weighted average of the coarse and fine fractions. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS. ALS Geochemistry-Reno is ISO 17025:2005 Accredited, with the Elko prep lab listed on the scope of accreditation.

Goldstrike is an early-stage exploration project and does not contain any mineral resource estimates as defined by NI 43-101. The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further exploration will result in these targets being delineated as a mineral resource. Further information on Goldstrike is available in the technical report entitled “Technical Report on the Goldstrike Project, Washington County, Utah, U.S.A.”, effective April 1, 2016 and dated October 7, 2016, prepared by Michael M. Gustin, C.P.G. and Moira Smith, Ph.D., P.Geo. found at the top of this page or under Liberty Gold’s issuer profile in SEDAR (www.sedar.com).

ABOUT LIBERTY GOLD

Liberty Gold is led by a proven technical and capital markets team that continues to discover and define high-quality assets. Our flagship property is the Goldstrike Oxide Gold Project in Utah. Liberty also has a pipeline of projects, including Black Pine in Idaho and Kinsley Mountain in Nevada, providing a solid platform for future growth. Over the past 5 years, there have been 8 new open-pit, heap leach gold mines built around the world and the management team and/or directors of Liberty Gold are responsible for discovering, developing and/or building two of them. Long Canyon in Nevada (Fronteer Gold) and Karma in Burkina Faso (True Gold) both reached commercial production in 2016.