Liberty Gold Corp. announced additional results from its 2021 Reverse Circulation (?RC?) drill program at the Goldstrike Oxide Gold Project in southwestern Utah (?Goldstrike?). A 15,000 metre (?m?) RC drill program at Goldstrike commenced June 2021, focused on resource conversion from ?Inferred? to ?Measured and Indicated? and testing areas where the deposit remains open laterally and to depth. Drill results in this news release are from the Hamburg Pit area, part of the Main Zone, which hosts greater than 65% of the resource. The drill results to date continue to demonstrate the presence of continuous, well-mineralized corridors in the Main Zone area, building confidence in the resource modeling. Goldstrike is located in the eastern Great Basin, immediately adjacent to the Utah/Nevada border, and is a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada?s Carlin trend. Like Black Pine and Nevada Gold Mines Long Canyon deposit, Goldstrike represents part of a growing number of Carlin-style gold systems located off the main Carlin and Cortez trends in underexplored parts of the Great Basin. Goldstrike is a past-producing, open-pit run of mine heap-leach operation that produced 209,000 ounces of gold and 197,000 oz of silver between 1988 and 1994 during a period of historically low gold prices. Ore was mined from 12 shallow pits, at an average grade of 1.2 g/t Au and an average recovery of approximately 75%. Liberty Gold carried out extensive compilation, drilling and metallurgical work, releasing a resource estimate and PEA in 2018. The resource includes an Indicated 925,000 oz of gold grading 0.50 g/t Au (57,846,000 tonnes) and an Inferred 296,000 oz of gold grading 0.47 g/t Au (19,603,000 tonnes), backed by over 1,700 drill holes. The PEA mines 915,516 oz of gold at a life of mine all in sustaining costs of $793/oz, returning a NPV at a 5% discount rate of $129.5 million and an IRR of 29.4% at $1,300/oz gold prices. A sensitivity analysis using $1,700/oz gold returns an NPV5% of $291.7 million and an IRR of 52.4% representing strong economic returns at current gold prices. The 2021 drilling campaign is designed to convert areas of inferred resource to indicated resource in support of a Prefeasibility Study decision and will also test for extensions to mineralization in several areas.