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Libero Grants Stock Options

Share Capital & Compensation

LIBERO GRANTS STOCK OPTIONS

Vancouver, British Columbia, October 2, 2019 – Libero Copper & Gold Corporation (TSX-V: LBC,

OTCQB: LBCMF) announces the grant of 1,550,000 incentive stock options to its directors, officers and

employee’s pursuant to the Company’s stock option plan. The stock options are exercisable at a price of

$0.15 and will expire on October 2, 2024.

About Libero Copper & Gold

Libero is acquiring high -quality copper deposits with significant resources but without any fatal flaws or

significant holding costs and exceptional copper and gold 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 Big Red exploration project in Canada, 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

[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 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.