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Liberty Gold Appoints Jason Attew as New President and CEO

Management Changes

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News Release 22-23 October 12, 2022

Liberty Gold Appoints Jason Attew as New President and CEO

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

“Company”) is pleased to announce that Mr. Jason Attew has been appointed President and Chief

Executive Officer and Director of the Company, effective October 11, 2022. Mr. Attew succeeds

Cal Everett, who will be retiring from his role as President and CEO but will continue as an active

and engaged member of the Board of Directors.

Dr. Mark O’Dea, Chairman said , “Cal Everett has been a strong and creative leader during his

tenure as CEO at Liberty Gold. He has been central to the Company’s major achievements including

the key acquisition of Black Pine and the important sale of Halilağa. His strengths in financing, deal

making and corporate strategy, have created a well-funded Company that is underpinned by great

gold projects and managed by an exceptional technical team. On behalf of the entire Board, I’d like

to thank Cal for his energy and leadership over the past six years. I look forward to continuing to

work with Cal on the Board.

“I’d like to welcome Jason Attew to Liberty Gold. Jason is a proven CEO, with a unique combination

of leadership, strategic and market facing skills and has advised on some of the most formative and

transformational mergers and acquisitions transactions in the mining sector in recent years. Jason

has been an exceptional value creator in his almost 30-year career in the mining industry , and we

are excited for the future of Liberty Gold under Jason’s leadership.”

Mr. Everett said, “My six-year tenure with Liberty Gold was incredibly rewarding. The Liberty Gold

team found several million Carlin- style oxide gold ounces in the Great Basin . We have found

deposits and sold assets, acquired ownership positions in public companies, hold a royalty portfolio,

and monetized over US$30 million in asset divestments with no dilution to the share holder base.

Funds have been re-deployed into the Black Pine project , resulting in the discovery and definition

of an extensive gold system that is still open for expansion in all directions. The entire Liberty Gold

team creates the success that we all share equally, and I am very proud of everyone at Liberty Gold.

“Attracting Jason to Liberty Gold is exciting in that he brings his broad connection base on the buy-

side, sell-side and corporate finance segments of our industry. I am happy to remain on the Board

of Directors and will work closely with Jason over the next few months as he gets fully up to speed

on our projects, shareholders base and business development opportunities.”

Mr. Attew said, “The attraction to becoming the new leader of Liberty Gold lies in its assets and its

people. The Liberty Gold team has and continues to demonstrate the growth and prospectivity of

Carlin-style heap leachable deposits which are becoming quite rare in the hands of non-producers.

The value-enhancing land and water rights acquisitions, the geological exploration and engineering

work to date under Cal's leadership have significantly de-risked the projects and I am fortunate to

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have been recruited to take the C ompany and its prospects forward. I am thankful for the trust of

Mark and the Liberty Gold board, and I am keen to get to work.”

Mr. Attew was most recently President and CEO of Gold Standard Ventures Corp. that held the

South Railroad Project, a n open pi t, heap leach project located on the prolific Carlin trend in

Nevada, and successfully negotiated the acquisition by Orla Mining Ltd. for C$ 242 million. Prior to

this role he was CFO of Goldcorp Inc . where he also led the Investor Relations, Corporate

Development and Strategy functions through until Goldcorp’s US$32 billion merger with Newmont

Mining Corporation in April 2019. Previously, Mr. Attew was a senior investment banker with

BMO Global Metals and Mining Group , his background has led to extensive capital markets

experience.

Concurrent C$300,000 Private Placement

Liberty Gold is also pleased to announce that Mr. Attew will be participating in a private placement

as part of his commencement. Mr. Attew will purchase on a private- placement basis 759,494

common shares of the Company (“Common Shares”) at a price of C$ 0.395 per Common Share, for

total gross proceeds of C$300,000. Each Common Share is subject to a statutory 4-month hold from

the date of issuance. The private placement is subject to the receipt of all necessary approvals

including the approval of the Toront o Stock Exchange and applicable securities regulatory

authorities.

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 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

[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 minerals, the potential size of the mineralized zo ne, plans with respect to exploration and development

plans of Goldstrike and the timing thereof, and the objectives of the drilling program. 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", "m ight" 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 manageme nt 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

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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, the impact from the pandemic of the novel coronavirus (COVID- 19), availability of equipment, timing of the publication of any technical reports, the

availability of drill rigs, successful resolution of disputes a nd 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 to the interpretation of results and/or the reliance on technical information p rovided by third parties as related to the

Company’s mineral property interests; changes in project parameters as plans continue to be refined; current economic conditi ons; future prices of commodities; possible variations

in grade or recovery rates; the cost s 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 tec hnical reports; delays in permitting; possible claims against the Company;

labour disputes and other risks of the mining industry, including impacts from the pandemic of the novel coronavirus (COVID- 19); 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 25, 2022 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 diff er materially from those described in forward -looking

information, there may be other factors that cause actions, ev ents 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.