Liberty Gold Corp. announced the first modern independent resource estimate at its Black Pine Oxide Gold deposit in southeastern Idaho. This resource estimate crystallizes the results from two years of drilling and is a strong initial foundation on which to layer company's upcoming Preliminary Economic Assessment and ongoing successful expansion drilling program. It is one of Liberty Gold’s two advanced-staged, Carlin-style oxide gold development projects in the Great Basin, USA. The Mineral Resource has an effective date of May 1, 2021, is reported in a pit shell at a cut-off grade of 0.20 grams per tonne (“g/t”) gold (“Au”) and consists of: An indicated mineral resource of 1,715,000 ounces of gold at an average grade of 0.51 g/t Au and totalling 105,075,000 tonnes; and An inferred mineral resource of 370,000 ounces of gold at an average grade of 0.37 g/t Au and totalling 31,211,000 tonnes. A high-grade subset of the Mineral Resource using a cut-off grade of 0.5 g/t Au consists of: An indicated mineral resource of 1,020,000 ounces of gold at an average grade of 1.04 g/t Au and totalling 30,520,000 tonnes; and An inferred mineral resource of 134,000 ounces of gold at an average grade of 0.94 g/t Au and totalling 4,440,000 tonnes. Seventy-four percent of the resource ounces are located in the Discovery Zone, centered on the high-grade oxide gold D-1, D-2 and D-3 discoveries. In this area in particular, a higher-grade 0.5 g/t Au cut-off resource subset of approximately 1 g/t Au will be material to enhancing project economics for the upcoming PEA. In addition, Liberty Gold’s 2021 exploration program is focused on drilling this area to extend the current pit constrained resource outward in four directions, and upgrade Inferred resource to Indicated for use in future economic studies. Liberty Gold’s drilling in the Discovery Zone has added significant new high-grade ounces around historic mining and exploration. This initial resource estimate also includes seven additional zones outside the Discovery Zone that have not yet been subject to a similar concentrated drill program by Liberty Gold. These resource areas are largely comprised of historical drilling, and most are open to extension in all directions and to depth. These zones provide further evidence that Black Pine is a large, district-scale mineralised system over a 14 square kilometre area. Some of these areas have the potential to link together into larger pits or in some instances join the Discovery Zone.