High-Grade Continuity Across The Main Zone, Goldstrike Oxide Gold Deposit

VANCOUVER - Liberty Gold Corp. reported additional results from the recently completed 2021 Reverse Circulation (RC) drill program at the Goldstrike Oxide Gold Project in southwestern Utah. This drilling further confirms two key features of the Goldstrike deposit: firstly, mineralization is near surface, emphasizing the low strip nature of the orebody and secondly, the predictable lateral continuity of well-mineralized, high-grade corridors in the Main Zone, building confidence in the resource modeling of gold distribution in this area. Additionally, step-out drilling in the Dip Slope Zone along the northern edge of the Main Zone, has delineated a significant down-dip extension of the shallow, mineralized zone, demonstrating further growth potential of the deposit in this area.

Cal Everett, President and CEO, said, “The +1 million ounce Goldstrike Deposit presents robust economics at today’s gold prices as illustrated in the 2018 PEA and is advancing quickly towards a prefeasibility study decision. Due to the market’s focus on the large-scale Black Pine Oxide Gold Deposit in southern Idaho, we are assessing several strategic alternatives available to Liberty Gold in order to accurately reflect Goldstrike’s market value.”