Liberty Gold Corp. (TSX:LGD) (OTCQX: LGDTF) is pleased to announce that it has closed its previously announced “bought deal” public offering of 69,699,200 units of the Company at a price of C$0.33 per Unit for gross proceeds of C$23,000,736, which included the exercise, in full, of the Underwriters’ over-allotment option. The Offering was conducted by Canaccord Genuity Corp. as sole bookrunner, and BMO Capital Markets, as co-lead underwriter with Canaccord Genuity, and included Paradigm Capital Inc., Desjardins Securities Inc. and Ventum Financial Corp.

Each Unit consists of one common share of the Company and one-half of one common share purchase warrant of the Company. Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of C$0.45 until April 22, 2027.

The Units were offered in Canada by way of a prospectus supplement of the Company dated April 16, 2025 to the Company’s existing short form base shelf prospectus dated June 21, 2023. The Units were also offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and in offshore jurisdictions on a private placement basis as agreed upon by the Company and the Underwriters, in each case in accordance with all applicable laws. Copies of the Prospectus Supplement, Base Shelf Prospectus and documents incorporated by reference therein are available electronically on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.

The net proceeds of the Offering will be used to advance the Company’s Black Pine Oxide Gold Project, as well as for working capital and general corporate purposes, as set out in the Prospectus Supplement.

The Offering remains subject to the final approval of the Toronto Stock Exchange.

The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT LIBERTY GOLD

Liberty Gold is focused on exploring for and 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.