OR FOR Dissemination IN the United States.
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News Release 25-07 April 14, 2025
Liberty Gold Announces $20 Million Bought Deal Public Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is
pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. as sole bookrunner
on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters
have agreed to purchase, on a "bought deal" basis, 60,608,000 units of the Company (the "Units"), at a price of
$0.33 per Unit (the "Offering Price") for gross proceeds of $20,000,640 (the "Underwritten Offering").
Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common
share purchase warrant (each whole common share purchase warrant, a " Warrant"). Each Warrant will entitle
the holder thereof to acquire one common share of the Company at a price of $0.45 for a period of 24 months
following the Closing Date (as defined herein).
The Company will grant the Underwriters an option to purchase up to an additional 9,091,200 Units (the
"Underwriter Option Units" and together with the Units, the "Offered Securities") to cover over-allotments, if
any, and for market stabilization purposes at a price of $0.33 per Underwriter Option Unit for additional gross
proceeds of up to $ 3,000,096 (the "Underwriter Option " and together with the Underwritten Offering, the
"Offering"), exercisable in whole or in part, at any time on or prior to the date that is 30 days following the
Closing Date (as defined herein).
The net proceeds of the Offering will be used to advance its Black Pine Oxide Gold Project, as well as for
working capital and general corporate purposes.
The Units will be offered by way of a prospectus supplement to purchasers in each of the provinces and
territories of Canada (other than Québec) and may also be offered by way of private placement in the United
States and such other jurisdictions as agreed between the parties.
The Offering is expected to close on or about April 22, 2025 (the "Closing Date") and is subject to the Company
receiving all necessary regulatory approvals.
The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities
Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold
in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable
exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful .
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 i n 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 and strong economic potential. The Company is also actively de -risking and
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expanding the Goldstrike Project in southwestern Utah, a past -producing oxide gold system, which now
includes the newly staked Antimony Ridge Prospect. Antimony Ridge presents an opportunity for additional
resource expansion through ongoing trenching and sampling programs.
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 “intends”, “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 estim ates 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 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 timing and success of future plans and objecti ves in the areas of
sustainable development, health, safety, environment, community development; successful resolution of disputes and
anticipated costs and expenditures and the timing of regulatory approvals. 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 Offering will not close on the anticipated timeline and terms, risks that the Company will not use the net
proceeds of the Offering as anticipated , and risks related to the interpretation of results and/or the reliance on
technical information provided by third parties as r elated 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 develo pment 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, the completion of exploration as well
as those factors discussed in the Annual Information Form of the Company dated March 2 5, 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 differ 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 in tention or obligation to update or revise any forward -looking
information, whether as a result of new information, future events or otherwise.