Liberty Gold Reports Q2 2022 Financial and Operating Results

VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”), is pleased to announce its financial and operating results for the six months ended June 30, 2022. All amounts are presented in United States dollars unless otherwise stated.

Q2 2022 and RECENT HIGHLIGHTS:

• On August 11, 2022, the Company received the final of three staged payments of $6.00 million on the sale of the Halilağa copper gold deposit in Turkey¹.

• On May 18, 2022, the Company received the final $2.50 million option payment for Kinsley, consisting of $1.25 million in cash and $1.25 million in shares of CopAur Minerals Inc. (“CopAur”). Liberty Gold has retained a 1% net smelter royalty on the project.

• On June 22, 2022, the Company received the 2022 Environmental Excellence Award from the State of Utah, Department of Natural Resources, Division of Oil, Gas and Mining. The award acknowledges the Company’s innovative use of GIS, LIDAR and other technology in successful, ongoing reclamation at its Goldstrike Oxide Gold Property in southwestern Utah².

• On March 25, 2022, the Company closed a bought deal financing for gross proceeds of C$30,000,300³.

At the Black Pine Project we:

• Drilled a large-diameter (“PQ”) core hole LBP511CA in the vicinity of the original “D-4” discovery in the Rangefront Focus Area (“RFA”), which returned 1.38 grams per tonne gold (“g/t Au”) over 100.4 meters…