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Liberty Gold announces Founder and Independent Board Chair, Dr. Mark O’Dea, to retire at 2023 AGM

Management Changes Shareholder Meetings

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News Release 23-08 April 17, 2023

Liberty Gold announces Founder and Independent Board

Chair, Dr. Mark O’Dea, to retire at 2023 AGM

VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or “Liberty”

or the “Company”) announces that founder, Dr. Mark O'Dea, will be retiring as Chair and Director

at the company's annual general meeting on June 14, 2023.

Independent director and incoming Chair, Mr. Rob Pease stated, ‘'Just thanking Mark for 12 years

of service would be an understatement. Mark is a visionary, and a tenacious company builder. He

has proven to be a focused and disciplined strategist during the 12 years I have served with him

on the board. He dreams bi g, thinks creatively, fosters teamwork and collaboration, works

relentlessly, and has woven his Science of Discovery into the culture and DNA of Liberty Gold.

''As a result of Mark's vision and leadership, and the work of the exceptional management teams

and board he assembled, Liberty has discovered, expanded, and advanced our portfolio of large -

scale gold deposits in the highly-prolific Great Basin of the United States.

‘’When Mark informed the board that he intended to retire as Chair within the next yea r, we

accelerated our succession planning efforts and board renewal processes. Today, with a new CEO,

several new VP’s, a new Independent Director in place, and a very healthy treasury, Mark is leaving

the Company in an excellent position, set up for future success.”

Head of the Corporate Governance and Nominating Committee and Independent Director, Ms.

Barbara Womersley, stated, ‘’Dr. O’Dea has built a highly effective organization with an inclusive

collaborative culture, excellent governance practices, a deep sense of humanity, a commitment to

responsible development and providing meaningful benefits for employees and community

partners. It’s a fitting legacy he leaves, and one the board intends to respect and continue.”

“I believe that Liberty has exceptional potential to grow into a highly profitable gold business ,”

commented Dr. O’Dea . ''Our stellar team has done a masterful job of applying smart science to

make big discoveries, in places where others have but scratched the surface. Taking the road less

travelled has been highly satisfying to me personally. I have always believed that this philosophical

approach would lead to great success, including for our investors who support us and believe in

our dream and methodology. But most of all I’m proud of my amazing colleagues - they have

become friends and family to me.

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“One more thing,’’ said Dr. O’Dea, ‘’I believe in Liberty. That’s why I have been a net buyer of

shares over the past 12 years. That’s why I am still one of the top private shareholders.”

For more information, visit libertygold.ca or contact:

Susie Bell, Manager, Investor Relations

Phone: 604-632-4677 or Toll Free 1-877-632-4677

[email protected]

All statements in this press release, other than statements of historical fact, are "forward -looking information" with respect to Liberty Gold

within the meaning of applicable securities laws, including statements that address potential quantity and/or grade of minera ls. Forward-

looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect",

"project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "g oal", or variation of such

words and phrase s or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be

achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of

management at the date the statements are made including, among others, assumptions about future prices of gold, and other me tal prices,

currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing

on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market

conditions, availability of equipment, timing of the publication of any miner al resources, the availability of drill rigs, successful resolution of

disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Liberty

Gold and there is no assurance they will prove to be correct.

Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any

future results expressed or implied by such forward -looking information, including, risks related t o the interpretation of results and/or the

reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes i n project

parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery

rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of

contracted parties to perform; the timing and success of exploration activities generally; the timing of the publication of any mineral resources;

delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining

governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the

Company dated March 28, 2023 in the section entitled "Risk Factors", under Liberty Gold’s SEDAR profile at www.sedar.com.

Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to diffe r materially from

those described in forward- looking information, there may be other factors that cause actions, events or results not to be as anticipated,

estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could

differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-

looking information, whether as a result of new information, future events or otherwise unless required by law.