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Libero Grants Stock Options

Share Capital & Compensation

LIBERO GRANTS STOCK OPTIONS

Vancouver, British Columbia, December 17, 2020 – Libero Copper & Gold Corporation

(TSXV:LBC, OTCQB:LBCMF, DE:29H) announces the grant of 6,550,000 incentive stock options

to its directors, officers, consultants and employee’s pursuant to Libero’s stock option plan. The stock

options are exercisable at a price of $0.07 and will expire on December 17, 2025.

About Libero Copper & Gold

Libero holds a collection of porphyry deposits throughout the Americas in prolific but stable jurisdictions.

The portfolio includes both Big Red , a new porphyry copper-gold discovery in the Golden Triangle ,

Canada, and the Mocoa porphyry copper-molybdenum deposit in 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.

Additional Information

Ian Slater

Chief Executive Officer

+1 604 638 2545

[email protected]

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 . Although the Company believes

the expectations expressed in such forward -looking statements are base d 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.