Libero Copper to Option The Big Red Porphyry Copper-Gold Property in the Golden Triangle
Libero Copper to Option The Big Red Porphyry Copper-Gold Property in the
Golden Triangle
VANCOUVER, British Columbia, Jan. 28, 2019 -- Libero Copper Corporation (TSX-V: LBC, OTCQB: LBCMF) is pleased to
announce it has entered into an option agreement to acquire 100% of the Big Red porphyry copper-gold property in the Golden
Triangle in British Columbia, Canada (“Big Red ”). Libero Copper may acquire 100% of Big Red in return for the issuance of
2,000,000 common shares of Libero Copper and cash payments of $440,000 over four years (the “Option”). The vendors have
retained a 1% net smelter return royalty, 0.5% of which may be repurchased by Libero Copper at any time for $10 million.
Closing of the Option remains subject to approval of the TSX Venture Exchange.
About the Big Red Porphyry Copper-Gold Property
Big Red comprises 12 contiguous claims totalling 17,538 hectares in northwestern British Colombia, 45 kilometres southwest
of Telegraph Creek (Figure 1). Big Red lies within the Golden Triangle 70 kilometres north of Galore Creek and 80 kilometres
west of GT Gold’s Tatogga discovery. Big Red is located 18 kilometres from paved highway with dirt roads extending to the
claim block. This transaction represents the first time that the entire project has been consolidated under one operator.
The Golden Triangle is a geological province of prodigious copper and gold mineralisation and host to some of Canada’s most
famous mines, including Premier, Red Chris, Snip, Brucejack and Eskay Creek. Within the Golden Triangle porphyry copper
and gold, epithermal gold and silver and volcanogenic massive sulfide styles of mineralisation have all been recognised. At Big
Red all three of these styles exist, indicating that a large mineralised system has been preserved from erosion. The porphyry
centre to the mineralization is centred on a distinct magnetic-high feature that coincides with a radiometric potassium
anomaly, copper, gold and molybdenum anomalies and a mapped Jurassic aged porphyry intrusion.
Libero Copper understands that previous work programs returned surface rock chip sample assays over 0.3% copper and 0.3
grams per tonne gold from the porphyry copper-gold target including results of up to 1% copper and 0.5 grams per tonne gold.
Five kilometres to the west, 36 boulders of up to two metres in diameter from an epithermal gold-silver target returned up to
252 grams per tonne gold with an average of 24 grams per tonne gold (Figure 2).
Due to the consolidation of this property and the numerous data packages that have to be combined Libero Copper has
embarked on a data compilation exercise that, when complete, will better illustrate the properties potential and allow a work
plan and drill targets to be developed. In addition to Big Red, Libero Copper also controls two existing large tonnage copper
deposits; Mocoa in Colombia and Tomichi in the United States.
The scientific and technical information included above with respect to Big Red has been provided to Libero Copper by third
party sources and has not been independently verified. Libero Copper cannot at this time comment on or verify the key
assumptions, parameters, and methods used to prepare the scientific and technical information included above. There have
not been any current or historical mineral resources calculated on Big Red.
The technical information contained in this news release has been reviewed and approved by Libero Copper’s Executive Vice
President of Exploration, Leo Hathaway P.Geo., who is a Qualified Person as defined under NI 43-101.
About Libero Copper
Libero Copper is acquiring high-quality copper deposits with significant resources but without any fatal flaws or significant
holding costs and exceptional copper exploration properties in the Americas. These assets are being advanced and de-risked
by a seasoned team to minimize dilution and maximize shareholder value. The portfolio currently includes the Tomichi deposit
in the United States and the Mocoa deposit in Colombia which both contain large inferred mineral resources. In total the
properties contain 7.9 billion pounds of copper and 1.1 billion pounds of molybdenum.
Additional Information
Ian Slater
Chief Executive Officer
+1 604 638 2545
liberocopper.com
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, and include but are not limited to statements regarding the closing of the Option, any
future exploration work done on Big Red and the potential results of such work. 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 the
approval of the TSX Venture Exchange, the satisfaction of the conditions to closing in respect of the option agreement,
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. This news release does not
constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state laws.