Liberty Gold Corp. (TSX: LGD) (OTCQX: LGDTF) is pleased to report additional reverse circulation and core drill results from the 2025 drilling program at the Black Pine Oxide Gold Project in southeastern Idaho, USA. The results reflect infill and targeted step-out drilling designed to validate geological continuity, improve confidence in the spatial distribution of mineralized domains and expand the resource ahead of the upcoming feasibility study.

Drilling at the Discovery Zone continues to confirm expected continuity of oxide gold mineralization within areas of historically sparse drilling. Results from the Rangefront Zone continue to exceed expectations both within the core of the ore body and expanding mineralization on the margins. The majority of the reported holes are located within or immediately adjacent to existing pit designs and are intended to tighten classification confidence and convert waste blocks into resource where drilling was sparse.

Highlights*

• Drilling at Rangefront continues to highlight the growth potential of this increasingly important area with:
  • The high-grade core of Rangefront continues to deliver >100 gram-meter intercepts with drill hole LBP1197 returning 0.86 grams per tonne gold over 123.4 meters including 2.45 g/t Au over 24.4 m.
  • A new high-grade discovery, extending 300 m to the northeast of the Rangefront resource pit has been further defined by drill holes LBP1213 (0.67 g/t Au over 61.0 m) and LBP1201 (0.45 g/t Au over 68.6 m) and remains open (see Figure 1 below).
  • New drilling at Rangefront has defined shallow zones of new oxide gold mineralization, which are expected to convert previously modeled waste blocks to resource on the western, northwestern and southeast margins in drillholes LBP1211, LBP1217 and LBP1198, respectively (see Interval Highlights table below).
• Infill drilling is expected to primarily support conversion of Inferred material to Indicated classification, while also increasing total resource ounces in what were areas of low-density drill spacing.

* 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

“These results continue to demonstrate the remarkable continuity of the Black Pine mineralized system and its ability to surprise with continued growth and new high-grade zones,” said Pete Shabestari, Vice President of Exploration. “The infill drilling is confirming what we already know – we are tightening our geological model ahead of feasibility where historical drill coverage was low and in the higher grade domains. This past year’s drilling has also confirmed that Rangefront remains wide open for expansion, with a current footprint of 1500 meters by 1000 meters, and based on this year’s results, we still have a lot of work to do.”

Figure 1: Cross Section through the Rangefront Zone

Highlight Intervals from Rangefront Drilling*

* 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.

For a table showing complete drill results for the current release, see this link: https://libertygold.ca/wp-content/uploads/BP_Intercepts_20260122.pdf

Drilling in 2025 included infill/offset RC drilling, geotechnical and metallurgical core drilling, sonic drilling in the historic heap leach pad and the installation of a network of new water monitoring wells. No exploration drilling on the numerous outlying and internal target areas was conducted in 2025, and these areas are expected to be drill tested systematically as the project progresses through the mine planning and the permitting process.

The 2025 drilling program, completed at the end of December, totaled approximately 40,000 m. Assay results for 50 drill holes are still pending, with delivery expected through February. Feasibility resource modelling is near completion and will incorporate approximately 60,000 m of new drilling in 250 drill holes, with completion targeted for Q1 2026.

Figure 2: Map of drill hole locations and highlights at Black Pine

ABOUT LIBERTY GOLD

Liberty Gold is a U.S. focused gold development company building and advancing a pipeline of gold assets in the Great Basin, one of the world’s most productive and mining friendly gold regions. The Company’s flagship asset is the 100% owned Black Pine Oxide Gold Project in southern Idaho, a large scale, past-producing run-of-mine heap leach system being advanced through feasibility and permitting toward a modern open-pit mining operation. Liberty Gold also controls the Goldstrike Project in Utah, which remains an important part of the Company’s U.S. gold asset portfolio. The Company’s strategy is to responsibly develop high quality, long-life gold projects in supportive jurisdictions, led by an experienced team with a track record of discovery, development and delivering long term value.

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

Peter Shabestari, P.Geo., Vice-President Exploration, 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.