0.42 g/t Au over 68.6 m including 1.08 g/t Au over 3.0 m at Back Range Zone

0.50 g/t Au over 32.0 m including 1.26 g/t Au over 3.0 m at Rangefront Zone

0.63 g/t Au over 18.3 m including 1.24 g/t Au over 6.1 m at M Zone

VANCOUVER, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to report additional assay results from the reverse circulation (“RC”) exploration drill program at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho. Results released herein are from 39 drill holes, located in the Back Range Zone, Rangefront Zone and M Zone areas.

Jason Attew, President and CEO of Liberty Gold commented, “We are very pleased with these assay results as they highlight the size and continuity of the oxide gold mineralizing system at Black Pine and confirm our views on tremendous growth potential for the deposit. We are further encouraged as the majority of these holes demonstrate mineralization at or near surface which was consistent with the design of our 2023 drilling program. These results should have a positive impact on the economics of the pending pre-feasibility study in 2024.”

BACK RANGE ZONE HIGHLIGHTS:

Drill results from 16 additional RC drill holes completed in the Back Range Zone have been received with results confirming the known mineralization and opening up potential new zones of mineralization to the north and west. Notably a thick zone of mineralization defined by hole LBP1005 begins at surface and extends down to 100 metres (“m”) depth. This is the northernmost hole drilled in the Back Range Zone and this new zone of mineralization is open for extension and expansion through additional drill testing in 2024.

Figure 1: Back Range Zone and M Zone Drill Hole Locations
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https://www.globenewswire.com/news-release/2023/10/31/2769942/0/en/Liberty-Gold-Reports-Additional-Drill-Results-at-the-Black-Pine-Oxide-Gold-Project-Idaho.html