United States. Any Failure to Comply with This Restriction May Constitute a Violation of U.S. Securities Laws. Libero Mining Closes Final Tranche of Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

LIBERO MINING CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

April 8, 2016 – Libero Mining Corporation (TSX-V: LBC) (“Libero”) is pleased to announce that it has completed a second and final tranche (the “Second Tranche”) of its previously announced non-brokered private placement units (the “Units”), In connection with the Second Tranche closing, Libero has issued 3,400,000 Units at a price of CDN $0.05 per subscription receipt for proceeds of $170,000. Together with the Units issued under the first tranche closing announced on February 29, 2016, Libero has issued an aggregate of 13,250,000 Units for aggregate gross proceeds of $662,500 (the “Private Placement”).

Each Unit consists of one common share of Libero and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share for a period of five years at a price of $0.05 per common share for a period of 12 months and at a price of $0.10 per common share thereafter. Securities issued in connection with the Second Tranche will be subject to a four month hold period from the date hereof. The net proceeds of the Private Placement will be used by Libero to fund general working capital requirements in connection with Libero’s continuing efforts in reviewing potential asset acquisitions and business transactions aimed at creating long-term shareholder value.

For further information, please contact Ian Slater, Chief Executive Officer or:

Patrick Balit Suite 920 – 1030 West Georgia Street Vancouver, BC, V6E 2Y3 +1 778 372 2558 [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 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

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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.

United States Advisory The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.