Liberty Gold Announces Leadership Transition
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News Release 23-23 November 8, 2023
Liberty Gold Announces Leadership Transition
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the
“Company”) today announces a leadership transition with the re -appointment of Cal Everett as
CEO and the promotion of Dr. Jon Gilligan to the role of President and COO effective Friday,
November 10. These appointments followed the receipt of notice of resignation of Jason Attew,
President and CEO, who will be joining Osisko Gold Royalties Ltd. as President and Chief Executive
Officer.
Cal Everett, the former President and CEO of Liberty Gold, will remain a Director . Mr. Everett,
previously held the CEO position for over 5 years , is well -acquainted with the C ompany's
operations and is excited to once again advance the development of the Company’s Black Pine
and Goldstrike projects.
Dr. Gilligan, who currently serves as Chief Operating Officer, brings a wealth of technical expertise
and leadership experience, as well as in -depth knowledge of the Company’s assets , to his new
expanded role.
Mr. Rob Pease, Chairman of Liberty Gold, commented on the transition, saying, “We are excited
to welcome Cal back into the CEO and Director role, and we have the utmost confidence in his
ability and passion to lead the Company forward. Jon's appointment as President and COO further
strengthens our executive team, and we are very pleased to have Cal and Jon leading the charge
on the Black Pine prefeasibility studies and future exploration."
Mr. Cal Everett expressed his enthusiasm for the C ompany's future, "I am excited to rejoin the
Company as CEO and work closely with Jon as we guide the Company. Together, we are dedicated
to advancing our projects and maximizing the potential of our assets. We will focus on capital
markets business development, raising capital, completion of prefeasibility studies, permitting and
exploration testing of newly acquired ground."
Dr. Jon Gilligan stated, “I’m enthusiastic about this opportunity and the future of the Company.
Black Pine is a remarkable asset with tremendous exploration potential. We are working hard
toward the delivery of a prefeasibility study with robust economic metrics.”
The Board of Directors is confident in this leadership team and their ability to drive the Company's
continued success and growth with an aggressive project wide approach.
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring for and developing open pit oxide deposits in the Great Basin
of the United States, home to large -scale gold projects that are ideal for open -pit mining. This
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region is one of the most prolific gold-producing regions in the world and stretches across Nevada
and into Idaho and Utah. We know the Great Basin and are driven to discover and advance big
gold deposits that can be mined profitably in open -pit scenarios. Our flagship projects are Black
Pine in Idaho and Goldstrike in Utah, both past - producing open -pit mines, where previous
operators only scratched the surface.
For more information, visit libertygold.ca or contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
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 minerals, the potential
size of the mineralized zone, the proposed timing of exploration and development plans, the expansion and future resource growth expected
at Black Pine, expected capital costs at Black Pine, expected gold recoveries from the Black Pine mineralized material, the potential upgrade of
inferred mineral resources to measured and indicated mineral resources, the potential for future additions to the current mineral resource
estimate, the 2023 work program and the results thereof, the timing and results of any resource updates and the planned development work
at Black Pine. 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 "goal", or variation of such words and phrases 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 metal prices, currency exchange rates and interest rates, favourable operating conditions, political stabilit y, 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, the availability of drill rigs, successful resol ution of disputes and
anticipated costs and expenditures. Many assumptions are based o n 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 to the interpretati on 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 prefeasibility
studies; 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.