Liberty Gold Corp. announce that follow-up reverse circulation drilling at the D-4 discovery at Rangefront confirms the presence of a major new mineralized zone at its Black Pine Oxide Gold Project, southeast Idaho. This area, located to the southeast of Rangefront fault, is being re-named Rangefront Focus Area, as its scale is potentially similar to the Discovery Zone, where three-quarters of the Black Pine resource is located. Drilling to date has expanded this broad mineralized zone 1,000 metres in a north-south direction, with potential to expand at least 800 m in an east-west direction. The RFA remains open to extension in all directions outward from the initial D-4 discovery area, with assay results from 25 additional holes pending as of the date of this release. Two drills are now focused exclusively on the RFA to sequentially drill off the discovery for incorporation into an updated resource estimate. A third drill will be moved to this area with drilling continuing through the winter months. The confirmed scale of the RFA discovery, coupled with recently identified value-enhancing cut-off grade and Run-of-Mine processing optimizations, has led the Company to expand the scope of the Preliminary Economic Assessment in progress on Black Pine. are targeting an updated mineral resource estimate and PEA, which will now include the RFA, in Third Quarter 2022. As announced September 1, 2021, the D-4 discovery targeted a 1,250 m gap in drilling along the primary northwest-trending dominant mineralization trend at Black Pine. Previously-released drill holes in the D-4 discovery returned 0.91 grams per tonne of gold over 86.9 m and 2.03 g/t Au over 21.3 m in LBP356 and 1.23 g/t Au over 24.4 m and 1.37 g/t Au over 50.3 m in LBP358. This news release includes follow-up drilling from 16 holes targeting areas to the north and east of the Rangefront D-4 discovery. Highlights include: Drilling from two pads located 250 m to the north of the original D-4 discovery has returned significant gold mineralization, with additional holes pending. Results include: LBP408: 0.63 g/t Au over 112.8 m including 0.74 g/t Au over 73.2 m LBP418: 0.50 g/t Au over 42.7 m and 1.00 g/t Au over 24.4 m All 21 drill holes released to-date in 2021 in the RFA have intercepted multiple zones of oxide gold mineralization. Results from drilling on a single drill pad located 300 m north of the D-4 discovery, as well as historic drilling in the Rangefront North resource pit area, extend mineralization over a distance of 1 km south to north, with mineralization shallowing in a northerly direction. Drilling in the area between the two resource pits that comprise the original Rangefront portion of the resource estimate was carried out to assess whether the resource could be expanded to encompass both pits in a single pit or could be extended further. Results include: LBP362: 0.75 g/t Au over 22.9 m Gold mineralization extends between the two existing Rangefront resource pits. The Company will complete an updated Mineral Resource model to include approximately 90,000 m of drilling completed from 2021 through the end February 2022 in both the RFA and Discovery Zone. This updated resource model will form the basis for the Black Pine PEA. In addition, the PEA will now include several, recently identified, value-enhancing factors and present a production scenario and economic evaluation that encompasses the expanded development potential of Black Pine. These include: The expected magnitude of the eventual gold system in the RFA could have a major impact on the sizing of the future mining and processing operation at Black Pine. Phase 3 metallurgical column test results, in aggregate with the previous metallurgical test work, suggest that the deposit is amenable to a single processing route of ROM heap leaching. Engineering work conducted during the PEA study process suggests that the optimal economic cut-off grade for a future ROM heap leach operation would likely be lower than the 0.2 g/t Au cut-off grade reported in the recent resource estimate, requiring a revised resource estimate. Drilling commenced April 1st and is focused on upgrading inferred portions of the resource to indicated, step-out drilling on defined targets and discovery drilling throughout the 12 km2 permitted drill area. The initial resource pit encompasses the Discovery Zone as well as smaller pits at the Rangefront, M, CD Pit, F, J, E Pit and Back Range zones. The Black Pine mineral resource estimate released on July 13, 2021 does not include any drilling conducted in 2021. All zones remain open for extension, with the current drill program focused on: Continuing to drill the RFA for inclusion in an updated resource estimate. Expanding the Discovery Zone resource to the southwest, west, southeast, and east. Linking the E Pit to the F Zone and CD Pit and assessing whether this portion of the gold system can be extended to the northeast to link with the Discovery Zone. Converting inferred ounces to indicated. Testing the shallow, high-grade Back Range Zone for the first time. Testing other frontier areas where surface geology and geochemistry suggest the presence of shallow zones of oxide gold.