Libero Copper & Gold Corporation announced that the ongoing field program has identified new occurrences of leached cap in outcrop which is consistent with the leached cap that occurs directly over the Mocoa deposit. The newly identified leached cap outcrops extend more than 500 meters to the east-northeast and more than 300 meters to the east of previous drill collar locations. In addition, other new areas of leached cap outcrop have been mapped extending more than 500 meters to the south and more than 1,000 meters to the southeast of previous drill collar locations, known as Target 1. Another area of leached cap is mapped approximately 2,000 meters southeast of the Mocoa deposit immediately north of Target 5. The continuation of the systematic field mapping and sampling program has successfully located several new areas of leached cap in outcrop immediately adjacent to the Mocoa deposit.

Mapping has extended the area of leached cap exposures approximately 500 meters to the east-northeast, 300 meters to the east, 500 meters to the south and over 1,000 meters to the southeast of the current Mocoa drill collars associated with the Mocoa resource area. In addition, leached cap has been mapped approximately 2,000 meters to the southeast of the Mocoa resource area. Areas of potassic and phyllic alteration occurring in outcrop have been mapped adjacent to the leached cap exposures.

Representative photographs of surface rock samples over the Mocoa deposit area. Since July 2022, the company team has collected a total of 928 rock samples and 694 soil auger samples. Results are incomplete as the company is waiting on assay results for a significant portion of the samples.

Libero Copper is continuing the advancement of the systematic exploration on the Mocoa project and is continuing the soil sampling program, prospecting and mapping across the entire district scale property.