Liberty Gold Strengthens Treasury with US$2.2 Million to Advance Black Pine
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News Release 25-22 October 2, 2025
Liberty Gold Strengthens Treasury with US$2.2 Million to Advance Black Pine
Vancouver, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the
“Company”), is pleased to announce receipt of the first staged payment of US$2.2 million related
to the previously announced sale of its interest in the TV Tower copper-gold project (“TV Tower”
or the “Project”), located in Biga Province, northwest Türkiye (see press releases dated April 17,
2024 and October 7, 2024).
This non-core asset sale payment, which is non-dilutive for shareholders, forms part of the total
consideration of US$8.5 million payable to Liberty Gold for the sale of its 72.1% interest in TV
Tower. The Company has now received US$5.9 million to date, with the final staged payment of
US$2.6 million due on October 4, 2026. These payments underpin corporate costs for Liberty
Gold over the period, allowing the Company to channel new funding direct ly into project
advancement.
Jon Gilligan, President and CEO of Liberty Gold , commented, “This non-dilutive staged payment
further bolsters our treasury and underscores our strategy of channeling capital into our core oxide gold
project. With Black Pine in Idaho moving through advanced studies and mine permitting, we remain
focused on unlocking the value of Blac k Pine, the largest undeveloped oxide gold project in the Great
Basin. In the medium -term we are looking to build a strong portfolio of substantial oxide assets
positioned for future development.”
ABOUT LIBERTY GOLD
Liberty Gold is focused on 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. The Company is advancing the Black Pine project in southeastern Idaho, a past -
producing, Carlin-style gold system with a large, growing resource with strong economic potential
that can be mined profitably as an open -pit/heap leach operation in an environmentally
responsible manner.
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. 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 statements in this press release i nclude, but are not limited to,
statements regarding: the Company’s objectives, goals or future plans ; the achievement of future short -term, medium-term and long -term
operational strategies and the receipt of future staged payments.
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Forward-l o o k i n g i n f o r m a ti o n i s n o t a g u a r a n t e e o f f u t u r e p e r f o r m a n c e a n d i s b a s e d u p o n a n u m b e r o f e s ti m a t e s a n d a s s u m p ti o n s o f
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, timely receipt of governmental or regulatory
approvals, including any stock exchange approvals , receipt of financing on time, obtaining renewals for existing licenses and permits and
obtaining required licenses and permits, labour stability, stability in market conditions, the timing and success of future plans and objectives in
the areas of sustainable development, health, safety, environment and community development, availability of equipment, results of any mineral
resources, mineral reserves, or pre-feasibility study, the availability of drill rigs, the timing of receipt of future staged payments from previous
dispositions by Liberty Gold, 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 that the future staged payments are not received, risks
that Liberty Gold will not use the net proceeds of any staged payments as anticipated, risks related to obtaining all necessary TSX approvals,
and risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to Liberty Gold’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, the
timing or results of the publication of any mineral resources , mineral reserves or pre-feasibility studies, delays in permitting, possible claims
against Liberty Gold, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing, timing of
receipt of staged payments from previous dispositions by Liberty Gold, or in the completion of exploration as well as those factors discussed in
the Annual Information Form of Liberty Gold dated March 25, 2025, in the section entitled "Risk Factors", under Liberty Gold’s SEDAR+ profile
at www.sedarplus.ca.
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 -l o o k i n g i n f o r m a ti o n , t h e r e m a y b e o t h e r f a c t o r s t h a t c a u s e a c ti o n s , e v e n t s o r r e s u l t s 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, except as required by applicable laws.
E x c e p t f o r s t a t e m e n t s o f h i s t o r i c a l f a c t , i n f o r m a ti o n c o n t a i n e d h e r e i n o r i n c o r p o r a t e d b y r e f e r e n c e h e r e i n c o n s ti t u t e s forward-looking
statements and forward -looking information. Readers should not place undue reliance on forward- looking information. All forward-looking
statements and forward-looking information attributable to us is expressly qualified by these cautionary statements.