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Libero Copper Retains Red Cloud as Capital Markets Advisor

Marketing Announcement

LIBERO COPPER RETAINS RED CLOUD AS CAPITAL MARKETS ADVISOR

Vancouver, British Columbia, October 5 , 2021 – Libero Copper & Gold Corporation ("Libero")

(TSXV:LBC, OTCQB:LBCMF, DE:29H) is pleased to announce the appointment of Red Cloud

Securities Inc. and Red Cloud Financial Services Inc. (together “Red Cloud”) to provide Libero with capital

markets advisory services. Red Cloud is a Toronto -based financial services company that provides

assistance to mineral exploration and mi ning companies in accessing capital markets and enhancing their

corporate profile.

Under the engagement, Red Cloud will be paid a fee of $10,000 per month for the services it will render

for a 12-month period, and the arrangement can renew month-to-month thereafter at Libero’s option. More

specifically, Red Cloud will organiz e and administer “roadshows”, draft traditional marketing materials,

assist in managing Libero’s social media and provid e traditional media support in the creati on of video

content for exclusive use on “Red Cloud TV” and other services as required by Libero.

“To date, Libero Copper has put together a world-class team, copper assets, and a strategy with clear

paths of value creation. We are now executing that strategy on the ground with on-going drilling at Big

Red and restart of Mocoa,” comments Ian Harris, President & CEO. “It is the right time to engage a

market advisor with the reputation and credibility of Red Cloud to bring Libero Copper’s story to a larger

market, and is a clear acknowledgement of the company’s potential.”

Libero has, subject to regulatory approval, granted Red Cloud stock options to purchase 200,000 common

shares at an exercise price of $0.50 per share for a period of three years (“Options”). Red Cloud does not

have, either directly or indirectly, an interest in Libero or it’s securities, and does not have a right to acquire

any such interest other than the Options. Red Cloud has no other relationship with Libero other than as set

out in the engagement letter.

About Red Cloud

Red Cloud Securities Inc. is registered as an Investment Dealer all Canadian Provinces and Territories and

is a member of the Investment Industry Organization of Canada (IIROC). Part of Red Cloud’s business is

to connect mineral exploration and mining companies with suitable investors . For additional information

about Red Cloud, visit: www.redcloudfs.com

About Libero Copper & Gold

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

prolific and stable jurisdictions. The portfolio includes Big Red (a new grassroots discovery) and Big Bulk

in the Golden Triangle, Canada; Esperanza in Sa n Juan, Argentina; and Mocoa in Putumayo, Colombia.

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.

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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 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 th e 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, ma rket 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.