Liberty Gold Announces Black Pine Feasibility Study with US$2.4 Billion NPV(5%) and 60% IRR at $3,250/oz Au (after-tax)

16-year mine life with life-of-mine average payable gold production of 176,700 oz per year and AISC 1 of $1,566/oz Au Average payable gold production of 202,000 oz per year in Years 1-5 US$411 million initial capital requirement for a large-scale, open-pit, run-of-mine heap leach operation with a 4.04 million oz Au Mineral Reserve Base case after-tax NPV(5%) to initial capital ratio of 5.8 and payback of 2.0 years Strong economics across a range of gold prices (after-tax): NPV(5%) US$4.3 billion and 104% IRR at $4,500/oz Au NPV(5%) US$1.2 billion and 33% IRR at $2,500/oz Au

VANCOUVER, British Columbia, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the results of a Feasibility Study (“FS” or the “Feasibility Study”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) at its 100%-owned Black Pine Oxide Gold Project (“Black Pine” or the “Project”) in southern Idaho, USA.

The Feasibility Study establishes Black Pine as a large-scale, long-life oxide gold development project based on a technically straightforward, open-pit, run-of-mine (“ROM”) heap-leach operation requiring no ore crushing, screening or agglomeration. The FS supports average annual payable gold (“Au”) production of 202,000 troy ounces (“oz”) in Years 1-5 from a 4.04 million oz Au Probable Mineral Reserve, with an initial capital cost 1 of US$411.4 million and strong economic returns across a broad range of gold prices. The Feasibility Study assumes a base case gold price of $3,250/oz Au. All figures in this news release are stated in United States dollars (“$” or “US$”).

The development configuration evaluated in the FS is aligned with the Company's 2026 Mine Plan of Operations (“MPO”). The Feasibility Study does not replace the