Reports Year-End 2022 Financial and Operating Results
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News Release 23-07a March 29, 2023
Amendment to the March 28, 2023, News Release: Liberty Gold
Reports Year-End 2022 Financial and Operating Results
VANCOUVER, B.C. –Liberty Gold Corp. (TSX:LGD ; OTCQX:LGDTF) ("Liberty Gold" or the
“Company”) is issuing an amendment to the news release issued on March 28, 2023, to restate the
working capital number for the year ended December 31, 2022 from $2 5,200 thousand in the
previous release to $17,668 thousand. The associated financial statements of the Company are
not impacted by this change.
The updated and amended table is below . The information in the tables below is presented in
US$000s:
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.
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 cap ital 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 po tential 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 devel opment 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 an d phrases or state that certain actions, events or results
As at December 31,
2022 2021 2020
Cash and short-term investments $19,813 $17,255 $16,832
Working capital $17,668 $13,691 $17,977
Total assets $47,954 $53,329 $60,394
Current liabilities $2,543 $9,885 $6,007
Non-current liabilities $2,812 $3,116 $2,137
Shareholders’ equity $38,949 $32,800 $44,176
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"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 stability, obtaining governmental approvals and financing o n 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 resolution of disputes and ant icipated 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 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 a ny updated resources; delays in permitting; possible
claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approval s, 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 SEDA R
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 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.