Liberty Gold Reports High-Grade Eastern Extensions of Gold Mineralization in the Western Flank at Kinsley, Nevada PK221: 5.30 g/t Au over 29.0 metres including 7.84 g/t over 16.8 metres in the Secret Canyon Zone PK224: 6.84 g/t over 7.6 metres including 12.8 g/t Au over 3.0 metres in the Dunderberg
NEWS RELEASE 17-14 July 13, 2017
Liberty Gold Reports High-Grade Eastern Extensions of Gold Mineralization
in the Western Flank at Kinsley, Nevada
PK221: 5.30 g/t Au over 29.0 metres including 7.84 g/t over 16.8 metres in the Secret Canyon Zone
PK224: 6.84 g/t over 7.6 metres including 12.8 g/t Au over 3.0 metres in the Dunderberg Zone
VANCOUVER, B.C. – Liberty Gold Inc. (LGD - TSX) ("Liberty Gold" or the "Company") is pleased to announce
results from 4 reverse circulation (RC) holes drilled at the Western Flank East Extension Target at the Kinsley
Mountain Project in eastern Nevada. The drill program is part of an ongoing effort to test new targets and expand
sparsely-drilled targets at Kinsley.
Highlights from the Western Flank East Extension Target include:
• From the Secret Canyon Shale Zone (lower host):
o 5.30 grams per tonne gold (g/t Au) over 29.0 metres (m) including 7.84 g/t Au over 16.8 m in
PK221
o 3.68 g/t Au over 3.0 m in PK224
• From the Dunderberg Shale Zone (upper host):
o 12.4 g/t Au over 4.6 m including 35.1 g/t Au over 1.5 m in PK221
o 6.84 g/t Au over 7.6 m including 12.8 g/t Au over 3.0 m in PK224
The Western Flank East Extension Target is located immediately east of the Western Flank deposit.
The sulphide resource at the Western Flank, hosted in the Secret Canyon Shale, is currently estimated at 284,000
Indicated ounces of gold grading 6.04 g/t, and 39,000 Inferred ounces grading 2.41 g/t gold. (See December 17,
2015 press release , and the Kinsley Technical Report available on the Company’s website
at www.libertygold.ca or under Liberty Gold’s SEDAR profile at www.sedar.com.)
The Western Flank East Extensi on Target is located immediately east of the resource area, and had yielded
several high-grade intercepts in previous drilling, including:
• 6.15 g/t Au over 7.6 m (Secret Canyon Shale host) in PK200
• 2.34 g/t Au over 9.1 m (Dunderberg Shale host) in PK208 and
• 3.46 g/t Au over 18.3 m including 13.7 g/t Au over 3.0 m (Secret Canyon Shale host) in PK208
• 2.95 g/t Au over 13.7 m (Secret Canyon Shale host) in PK210
The new drill holes link gold mineralization in the Western Flank deposit to drill holes PK208 and PK210,
150 m to the east, and provide impetus for further drilling in this sparsely tested area, which remains open
to infill and extension in all directions for both stratigraphic horizons.
Three additional holes were drilled in the current program. One drill hole tested the Dunderberg Shale and
returned 1.37 g/t Au over 3.0 metres, but was lost above the Secret Canyon Shale target. Another hole tested
stratigraphy to the southeast of the histor ic mine. It did not return a mineralized intercept, but it did confirm the
presence of the prospective Secret Canyon Shale at shallow depth.
For a complete table of drill results for the current holes, please click
here: http://libertygold.ca/images/sites/default/files/KinsleyIntercepts17-13.pdf
For a map of drill collars and traces for the current release, please click
here: http://libertygold.ca/images/sites/default/files/KinsleyNR17-13.jpg
Western Flank Target Area
The Western Flank deposit was discovered in late 2013 in the Secret Canyon Shale Formation, which lies below
the Dunderberg Shale, host to shallow oxide resources and past -production at Kinsley, and was previously
unrecognized as a potential host to mineralization (November 18, 2013 press release). In late 2015, Liberty Gold
released a resource estimate for the Kinsley deposit, including a separate estimation for the Western Flank Zone
(November 5, 2015 press release ). Metallurgical testing of sulphide material from the Western Flank Zone
returned excellent recoveries and concentrate grades, suggesting that the gold may be amenable to extraction
using low capital cost, conventional flotation methods (January 19, 2015 press release).
Moira Smith, Ph.D., P.Geo., Vice-President Exploration and Geoscience, Liberty Gold, is the Company's designated Qualified
Person for this news release within the meaning of National Instrument 43 -101 Standards of Disclosure for Mineral Projects
("NI 43-101") and has reviewed and validated that the information contained in the release is accurate. Drill composites were
calculated using a cut -off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mine ralized
intervals vary between 30 and 100% of the reported lengths due to varying drill hole orientations, but are typically in the range
of 60 to 80% of true width. Drill samples were assayed by ALS Limited in Reno, Nevada for gold by Fire Assay of a 30 g ram
(1 assay ton) charge with an AA finish, or if over 5.0 g/t were re -assayed and completed with a gravimetric finish. For these
samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.200 ppm an
additional cyanide leach analysis is done where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An
aliquot of the final leach solution is then centrifuged and analyzed by AAS. M etallic screen techniques may be employed
where the presence of coarse free gold is suspected. Approximately 1000 grams of coarse reject material are pulverized and
screened. Two splits of the fine fraction are assayed, as well as all material that does not pass through the screen (the coarse
fraction). The fina l gold assay reported is a weighted average of the coarse and fine fractions. QA/QC for all drill samples
consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the
collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element
geochemical suite by ICP-MS. ALS Geochemistry-Reno is ISO 17025:2005 Accredited, with the Elko prep lab listed on the
scope of accreditation.
Further information on Kinsley is available in the technical report entitled “Updated Technical Report and Estimated Mineral
Resources for the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A.”, effective October 15, 2015, dated
December 16, 2015 and prepared by Michael M. Gustin, CPG, Moira Smith, Ph.D., P.Geo. and Gary Simmons, B.Sc. MMSA
(the “Kinsley Technical Report”), available on the Company’s website at www.libertygold.ca or under Liberty Gold’s SEDAR
profile at www.sedar.com.
ABOUT KINSLEY
Kinsley Mountain hosts near -surface oxide mineralization similar to other Carlin -style, sediment -hosted gold
systems, as well as high-grade sulphide mineralization that was only recently itentified. The property consists of
513 unpatented lode claims on U.S. Bureau of Land Management land plus 6 leased patents totaling 4213
hectares, and hosts a past-producing mine with an extensive exploration database and numerous, untested gold
targets.
The Company holds approximately 79.1% of Kinsl ey. Intor Resources Corporation, a subsidiary of Nevada
Sunrise Gold Corp., is the Company's joint venture partner at Kinsley.
ABOUT LIBERTY GOLD
Liberty Gold is led by a proven technical and capital markets team that continues to discover and define high -
quality assets. Our flagship property is the Goldstrike Oxide Gold Project in Utah. Liberty also has a pipeline of
projects, including B lack Pine in Idaho and Kinsley Mountain in Nevada, providing a solid platform for future
growth. Over the past 5 years, there have been 8 new open -pit, heap leach gold mines built around the world
and the management team and/or directors of Liberty Gold a re responsible for discovering, developing and/or
building two of them. Long Canyon in Nevada (Fronteer Gold) and Karma in Burkina Faso (True Gold) both
reached commercial production in 2016.
For more information, visit www.libertygold.ca or contact:
Evelyn Cox, Director Corporate Communications
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, potential size and expansion of a mineralized
zone, proposed timing of exploration and development plans. 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", "be lieve", "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 performanc e 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 ope rating conditions, political stability, obtaining governmental approvals and
financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour s tability, stability in market
conditions, availability of equipment, accuracy of any mineral resources, timing and likelihood of deployment of additional drill rigs, successful resolution of
disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within t he 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
provided by third parties as related to the Company’s mineral property interests; changes in 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; 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,
2017 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 differ materially from those described
in forward-looking information, there may be other factors that cause actions, events or results not to be as anti cipated, 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 f rom 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.