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Libero Copper Responds to Mispresentation IN Recent Published Media Article

Company Commentary

LIBERO COPPER RESPONDS TO

MISPRESENTATION IN RECENT PUBLISHED

MEDIA ARTICLE

VANCOUVER, BC

,

April 22, 2022

/CNW/ -

Libero Copper

& Gold Corporation

(TSXV: LBC)

(OTCQB: LBCMF) (DE: 29H) would like to offer clarification and correction of the article published

on

April 21, 2022

by the Mining Journal, titled "Judge orders Libero to stop Mocoa exploration".

Based on a request for prior consultation with ancestral indigenous communities in the Reserve of

the Inga of Condagua, Libero has received an order by the Second Circuit Penal Judge of Mocoa, to

notify the suspension of exploration work in its title FJT-131.

Libero Copper

would like to clarify

that it has NO current exploration activities in FJT-131. All exploration activities are currently

taking place in title FJT-141 and are not affected by the injunction.

The Ministry of Interior is the competent authority for certification, authorization, supervision, and

participation in prior consultations with indigenous communities within the area of impact of projects.

Libero Copper

has already received the "Certificacion N

o

1025 de 31 de diciembre de 2019" from

the Ministry of Interior which states that no indigenous communities are within the exploration plans

of the company and therefore, no previous consultation is required. The company has submitted its

official reply regarding the injunction on

April 21, 2022

, which includes the receipt of certification

along with additional supporting details.

Libero Copper

, is the holder of four mining concession contracts, located in the municipality of

Mocoa, department of Putumayo. These concession contracts are valid, in good standing, in force

and are bilateral contracts that possess a presumption of legality signed by the competent authority

in

Colombia

.

About

Libero Copper

& Gold

Libero Copper

is unlocking the value of a collection of porphyry copper deposits throughout the

Americas in prolific and stable jurisdictions. The portfolio includes the Mocoa deposit in Putumayo,

Colombia

; Esperanza in San Juan,

Argentina

; and Big Red and Big Bulk in the Golden Triangle, BC,

Canada

. These assets are being advanced by a highly disciplined and seasoned professional team

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term 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 expressed 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 obligation to update

any forward-looking statements.

SOURCE

Libero Copper

& Gold Corporation.

View original content:

http://www.newswire.ca/en/releases/archive/April2022/22/c4811.html

%SEDAR: 00027216E

For further information:

Ian Harris, Chief Executive Officer, +1 604 294 9039,

[email protected]; Michelle Borromeo, VP Investor Relations, +1 778 330 3835,

[email protected]

CO: Libero Copper & Gold Corporation.

CNW 07:00e 22-APR-22