Black Pine PFS Confirms Strong Long Lived Operation Potential

VANCOUVER - Liberty Gold Corp. reported on the Preliminary Feasibility Study prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) at its flagship Black Pine Oxide Gold Project in southern Idaho. The Study supports a technically straight-forward, low capital intensity, open-pit, run-of-mine (ROM) (no ore crushing, screening or agglomeration) heap-leach operation processing oxide gold ore, with attractive economic returns.

Cal Everett, CEO and Director, said, “This PFS highlights the strong economic potential at Black Pine, representing our vision for a low-risk, sustainable and long-lived gold mining operation in Idaho. It demonstrates the Project’s ability to exploit higher grades early in the mine life, allowing for solid cash flows over the first five years, with a production profile that reduces the payback period and maximizes the initial return for our investors. The PFS mine plan produces more than 2 million ounces of gold over a projected mine life of 17 years, creating a solid pathway towards mine permitting, project advancement and a future construction decision.

“We believe there is significant upside for project optimization and resource growth going into a full feasibility study. Growth will be driven by new resource discovery from multiple target areas, upgrade of inferred mineral resources into the measured and inferred mineral resource categories and assessment of gold production potential from the reclaimed heap leach pad. Work in many of these areas is already beginning to yield encouraging results. We look forward to keeping the market apprised of our progress.”