Libero Copper & Gold Corporation provided an update on its Esperanza porphyry copper-gold project located in San Juan, Argentina, which is in the final steps of start-up and has the support of the local community. Libero representatives have built a strong relationship with the Minister of Mining of San Juan, Argentina, Carlos Astudillo. During several meetings, the local authorities and members of the company reviewed the official report and developed ways to work together for a successful project restart.

Libero Copper is strongly commited to defending climate change, the energy transition, environmental protection and especially clean water. About the Esperanza Porphyry Copper-Gold Deposit Esperanza's porphyry copper-gold and epithermal gold project is located in the prolific precious and base metal- endowed and mining-friendly Huachi Mining District, San Juan Province, Argentina. The Esperanza project is at an average Angualasto in the Jachal department.

There are no glacial or periglacial landforms near the project. Historically only 7,691 metres have been drilled on the project. In 2018, Latin Metals drilled two holes targeting porphyry copper mineralization.

In this drilling, hole 18-ESP-25 returned 0.57% Cu, 0.27 g/t Au over 387 metres from surface to the end of the hole, including 0.74% Cu, 0.33 g/t Au over the first 232 metres from surface. Hole 18-ESP-27 returned 0.21% Cu, 0.12 g/t Au over 451.5 metres from surface to the end of the hole, including 0.43% Cu, 0.12 g/t Au over 24 metres from 86 to 110 metres. Refer to Latin Metals Inc., MD&A dated October 31, 2018 (SEDAR).

These holes were never followed up on due to market conditions. Esperanza is road accessible and contains multiple copper-gold drill targets supported by numerous surface rock samples across a large alteration footprint. The project has a year-round drilling season and drill permitting is underway.

A 5,000 metre drill program is planned for 2023. About Libero CopperLibero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolific and stable jurisdictions. The portfolio includes the Mocoa deposit in Putumayo, Colombia; Esperanza in San Juan, Argentina; and Big Red and Big Bulk in the Golden Triangle, BC, Canada.

These assets are being advanced by a highly disciplined and seasoned professional team with successful track records of discovery, resource development, and permitting in the Americas.