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VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Firm”), is happy to announce its monetary and working outcomes for the six months ended June 30, 2022. All quantities are introduced in United States {dollars} except in any other case acknowledged.

Q2 2022 and RECENT HIGHLIGHTS:

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On the Black Pine Undertaking we:

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On the Goldstrike Undertaking we:

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SELECTED FINANCIAL DATA

The next chosen monetary knowledge is derived from our unaudited condensed interim consolidated monetary statements and associated notes thereto (the “Interim Monetary Statements”) for the six months ended June 30, 2022, as ready in accordance with Worldwide Accounting Requirements – IAS 34: Interim Monetary Statements.

A replica of the Interim Monetary Statements is accessible on the Firm’s web site at www.libertygold.ca or on SEDAR at www.sedar.com.

The knowledge within the tables under is introduced in $000s besides per share knowledge:

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ABOUT LIBERTY GOLD

Liberty Gold is concentrated on exploring for and creating open pit oxide deposits within the Nice Basin of the USA, dwelling to large-scale gold tasks that are perfect for open-pit mining. This area is without doubt one of the most prolific gold-producing areas on this planet and stretches throughout Nevada and into Idaho and Utah. We all know the Nice Basin and are pushed to find and advance large gold deposits that may be mined profitably in open-pit situations. Our flagship tasks are Black Pine in Idaho and Goldstrike in Utah, each past-producing open-pit mines, the place earlier operators solely scratched the floor.

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For extra data, go to libertygold.ca or contact:

Susie Bell, Supervisor, Investor Relations

Cellphone: 604-632-4677 or Toll Free 1-877-632-4677
data@libertygold.ca

_{All statements on this press launch, aside from statements of historic reality, are “forward-looking data” with respect to Liberty Gold inside the which means of relevant securities legal guidelines, together with statements that deal with potential amount and/or grade of minerals. Ahead-looking data is usually, however not at all times, recognized by way of phrases reminiscent of “search”, “anticipate”, “plan”, “proceed”, “deliberate”, “anticipate”, “challenge”, “predict”, “potential”, “concentrating on”, “intends”, “consider”, “potential”, and comparable expressions, or describes a “purpose”, or variation of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “ought to”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved. Ahead-looking data will not be a assure of future efficiency and relies upon a lot of estimates and assumptions of administration on the date the statements are made together with, amongst others, assumptions about future costs of gold, and different metallic costs, foreign money change charges and rates of interest, beneficial working circumstances, political stability, acquiring governmental approvals and financing on time, acquiring renewals for present licenses and permits and acquiring required licenses and permits, labour stability, stability in market circumstances, the influence from the pandemic of the novel coronavirus (COVID-19), availability of apparatus, timing
or outcomes of the publication of any mineral assets, PEA or pre-feasibility examine, the provision of drill rigs, profitable decision of disputes and anticipated prices and expenditures. Many assumptions are based mostly on components and occasions that aren’t inside the management of Liberty Gold and there’s no assurance they are going to show to be appropriate.}

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_{Such forward-looking data, entails identified and unknown dangers, which can trigger the precise outcomes to be materially completely different from any future outcomes expressed or implied by such forward-looking data, together with, dangers associated to the interpretation of outcomes and/or the reliance on technical data offered by third events as associated to the Firm’s mineral property pursuits; adjustments in challenge parameters as plans proceed to be refined; present financial circumstances; future costs of commodities; attainable variations in grade or restoration charges; the prices and timing of the event of latest deposits; failure of apparatus or processes to function as anticipated; the failure of contracted events to carry out; the timing and success of exploration actions usually; the timing or outcomes of the publication of any mineral assets
,PEAs or pre-feasibility research; delays in allowing; attainable claims towards the Firm; labour disputes and different dangers of the mining trade, together with impacts from the pandemic of the novel coronavirus (COVID-19); the receipt of staged funds pursuant to the Halilağa Settlement or the Kinsley Choice Settlement, delays in acquiring governmental approvals, financing or within the completion of exploration in addition to these components mentioned within the Annual Info Type of the Firm dated March 25, 2022, within the part entitled “Threat Components”, below Liberty Gold’s SEDAR profile at www.sedar.com.}

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_{Though Liberty Gold has tried to establish necessary components that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking data, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or meant. There could be no assurance that such data will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Liberty Gold disclaims any intention or obligation to replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case except required by legislation.}

_{Notice to United States Buyers Regarding Estimates of Measured, Indicated and Inferred Assets}

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_{The knowledge on this information launch, together with any data integrated by reference, and disclosure paperwork of Liberty Gold which are filed with Canadian securities regulatory authorities regarding mineral properties have been ready in accordance with the necessities of securities legal guidelines in impact in Canada, which differ from the necessities of United States securities legal guidelines.}

_{With out limiting the foregoing, these paperwork use the phrases “measured assets”, “indicated assets”, “inferred assets” and “possible mineral reserves”. Shareholders in the USA are suggested that, whereas such phrases are outlined in and required by Canadian securities legal guidelines, the USA Securities and Trade Fee (the “SEC”) doesn’t acknowledge them. Underneath United States requirements, mineralization is probably not labeled as a reserve except the dedication has been made that the mineralization might be economically and legally produced or extracted on the time the reserve dedication is made. United States traders are cautioned to not assume that each one or any a part of measured or indicated assets will ever be transformed into reserves. Additional, inferred assets have a large amount of uncertainty as to their existence and as as to if they are often mined legally or economically. It can’t be assumed that each one or any a part of the inferred assets will ever be upgraded to a better useful resource class. Underneath Canadian guidelines, estimates of inferred mineral assets could not kind the idea of feasibility, pre-feasibility or different technical studies or research, besides in uncommon circumstances. Subsequently, United States traders are additionally cautioned to not assume that each one or any a part of the inferred assets exist, or that they are often mined legally or economically. Disclosure of contained ounces is permitted disclosure below Canadian rules; nonetheless, the SEC usually solely permits issuers to report assets as in place tonnage and grade irrespective of unit measures. Accordingly, data regarding descriptions of mineralization and assets contained in these paperwork is probably not similar to data made public by United States corporations topic to the reporting and disclosure necessities of the SEC.}

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¹ See press launch dated August 12, 2020. Press releases can be found on www. Libertygold.ca and below Liberty Gold’s SEDAR profile at www.sedar.com.
² See press launch dated June 27, 2022
³ See press launch dated March 25, 2022
⁴ See press launch dated January 18, 2022, February 23, 2022, and April 12, 2022
⁵ See press launch dated August 9, 2022