Libero Copper Announces Stock Option Grants

LIBERO COPPER ANNOUNCES STOCK OPTION GRANTS

Vancouver, British Columbia, December 23, 2021 – Libero Copper & Gold Corporation (TSXV:LBC,

OTCQB:LBCMF, DE:29H) announces it has granted 1,775,000 incentive stock options to employees,

officers, consultants, and directors. The stock options are exercisable at a price of $0.52 and will expire on

December 24, 2026. The incentive stock options were granted pursuant to Libero Copper's shareholder-

approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable

regulatory hold periods.

About Libero Copper & Gold

Libero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas

in prolific and stable j urisdictions. The portfolio includes Big Red (a new grassroots discovery) and Big

Bulk in the Golden Triangle, Canada; Esperanza in San Juan, Argentina; and Mocoa in Putumayo,

Colombia. These assets are advanced by a highly disciplined and seasoned profess ional team with

successful track records of discovery, resource development, and permitting in the Americas.

Additional Information

Ian Harris Tetiana Konstantynivska

Chief Executive Officer Investor Relations

+1 604 294 9039 +1 778 372 0179

[email protected] [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that ter m is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward -looking statements that are subject to risks and uncertainties. All

statements within, other than statements of historical fact, are to be considered forward looking. Although

the Company believes the expectations expres sed in such forward -looking statements are based on

reasonable assumptions, such statements are not guarantees of future performance and actual results or

developments may differ materially from those in forward -looking statements. Factors that could cause

actual results to differ materially from those in forward -looking statements include market prices,

exploitation and exploration successes, continued availability of capital and financing, and general

economic, market or business conditions and regulatory and administrative approvals, processes and filing

requirements. There can be no assurances that such statements will prove accurate and, therefore, readers

are advised to rely on their own evaluation of such uncertainties. We do not assume any obligatio n to

update any forward-looking statements.