TSX: LGD | OTCQX: LGDTF

Founded On Discovery.

Unlocked Through Delivery.

Liberty Gold is focused on advancing its flagship asset – Black Pine — into production.
Black Pine is a rare, large-scale oxide gold, Carlin-style deposit in Idaho, U.S., offering technical simplicity, compelling economics, and a clear path to environmentally-responsible development.

Why Liberty Gold?

From Discovery To Disciplined Development.

Liberty Gold is advancing the next generation of oxide gold development in the United States. Building on a track record of discovery, we are focused on disciplined execution, transforming Black Pine into long-term value.

Anchored by Black Pine, one of the few large-scale, heap-leach oxide gold projects in a favorable jurisdiction, our strategy is simple: advance projects that are technically straightforward, economically strong, and responsibly developed.

With a proven leadership team and a clear path to delivery, Liberty Gold is turning discovery into results.

1

A Large-Scale, Feasibility-Defined U.S. Gold Project

Black Pine is supported by a 4.04 million ounce Probable Mineral Reserve and a 16-year mine plan. The 2026 Feasibility Study outlines average annual payable gold production of approximately 202,000 ounces in Years 1 to 5 and approximately 177,000 ounces over the life of mine.

2

Proven Leadership and Disciplined Execution

Liberty Gold is led by a team with experience spanning mine development, construction, operations, permitting and capital markets, bringing focus, rigor, and accountability to the advancement of Black Pine.

3

Strong Economics and Technical Simplicity

Black Pine combines a conventional open-pit, run-of-mine heap-leach configuration with an initial capital requirement of approximately US$411 million. At a base-case gold price of US$3,250 per ounce, the 2026 Feasibility Study estimates an after-tax NPV(5%) of approximately US$2.4 billion, an after-tax IRR of 60.5% and a 2.0-year payback.

4

Responsible Stewardship & Lasting Value

Liberty Gold is committed to operating responsibly, stewarding land, water, and energy, while partnering with host communities. The vision is to deliver value that endures beyond the mine: economic, social, and environmental.

Black Pine Project

A Large-Scale, Feasibility-Defined U.S. Gold Development Project

Black Pine is Liberty Gold’s 100%-owned flagship oxide gold project in southern Idaho. The 2026 Feasibility Study defines a 16-year, open-pit, run-of-mine heap-leach operation supported by a 4.04 million ounce Probable Mineral Reserve, with average annual payable gold production of approximately 202,000 ounces in Years 1 to 5. Detailed engineering and project execution readiness are advancing in parallel.

Black Pine

Black Pine Update:
Feasibility, Permitting, and What’s Next

Black Pine Project

Key Project Highlights

Feasibility-Defined Project Scale

A rare, heap-leachable oxide gold system in the U.S., with a 4.04 million ounce Probable Mineral Reserve supporting a 16-year mine life and average annual payable gold production of approximately 202,000 ounces in Years 1 to 5

Favorable Jurisdiction with Existing Infrastructure

Located in southern Idaho, Black Pine benefits from established road access, secured water rights, grid power and proximity to regional infrastructure in a mining-friendly region.

Past-Producing Mine

Black Pine is a past-producing open-pit, heap-leach operation, being advanced with modern engineering, environmental and design standards.

Technical Simplicity & Capital Efficiency

Black Pine is designed as a conventional open-pit, run-of-mine heap-leach operation requiring no ore crushing, screening or agglomeration, with estimated initial capital of approximately US$411 million.

Defined Development Pathway

Liberty Gold is advancing detailed engineering, procurement planning and execution readiness while federal and state permitting continues under the FAST-41 framework.

Responsible Development

Designed with sustainability at its core — focusing on modern, responsible mining practices to minimize environmental impact and maximize long-term benefits for stakeholders.

Sustainability

Mining Value Beyond the Mine.

Sustainability is central to how we discover, develop, and deliver, integrating strong environmental, social, and governance principles into every decision we make. We are committed to responsible mining that protects the environment, prioritizes people, and creates lasting value for the communities we operate in.

Our People

Our people are the foundation of our  success. We foster a culture built on safety, inclusion, and respect, empowering every team member to contribute to a workplace defined by accountability, growth, and shared purpose.

Our Planet

We are committed to protecting the natural environments where we operate. From habitat restoration and biodiversity studies to responsible water and energy use, we focus on minimizing our impact while advancing the highest standards of environmental stewardship.

Our Communities

Liberty Gold works in partnership with local communities to ensure lasting, positive impact. Through transparent engagement, local employment, and meaningful collaboration, we aim to build trust, strengthen economies, and ensure we deliver shared value.

For investors

Investor Hub

For a full list of investor resources, please visit our Investor Hub

Liberty Gold Corp
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