Liberty Gold Corp. announced additional results from the 2021 Reverse Circulation (“RC”) drill program from its Black Pine Oxide Gold deposit in southeastern Idaho (“Black Pine”). Additionally, the Company announce the receipt of CAD 11.0 million in cash since June 30, 2021, from the exercise of 18.5 million CAD 0.60 share purchase warrants which expired on October 2, 2021. Liberty Gold has no remaining share purchase warrants outstanding. The 70,000 metre (“m”) RC drill program at Black Pine in 2021 has several objectives, including: step-out drilling to extend the known zones of mineralization which all remain open for expansion; resource upgrade drilling; and the testing of new target areas with the goal to define new high-grade discoveries such as the recent D-4 discovery at Rangefront. Results from step-out and resource upgrade drilling in the Discovery Zone, E Zone and Tallman North areas are presented in this news release. Following the D-4 discovery at Rangefront, which includes 0.91 grams per tonne gold (“g/t Au”) over 86.9 m and 2.03 g/t Au over 21.3 m in LBP356, two drill rigs have been mobilized to this area and results from over a dozen holes are pending. The drills are testing between the two Rangefront Deposit pits, near the southern portion of the historical heap leach pad and stepping out from the D-4 high grade oxide gold discovery. Given the large size and the low elevation of the Rangefront D-4 discovery, budgeting is underway for a winter drill program. A third rig continues the resource upgrade and step-out drilling program in the Discovery Zone and a core rig is on-site conducting geotechnical drilling and initiating phase 4 metallurgy testing, including in the D-4 Rangefront area. DISCOVERY ZONE AND E ZONE STEP-OUT DRILLING HIGHLIGHTS:- Step-out holes extend the mineralization in the Discovery Zone to the east and west. Step-out holes extendE Zone mineralization to the west and the north, with potential to link the E Zone and the Discovery Zone mineralization into a single resource pit. Results of step-out drilling are reported for four areas: The southern extension of the D-1 zone, part of the Discovery Zone; The western extension of the Discovery Zone The western extension of the E Zone; and The northern extension of the E Zone extending towards the Discovery Zone. High-grade gold mineralization was encountered at the southern end of the D-1 Zone, including, extending mineralization to the east of the resource pit. Step-out holes were also drilled along the western edge of Discovery Zone and were successful in extending mineralization in that direction. Mineralization was extended down dip to the west of the E Zone resource pit. Up to 45.7 m of continuous, above cut-off gold mineralization was encountered in LBP332, with several thick zones encountered in LBP328. The E Zone West holes were drilled to the west from the top of a ridge; therefore, mineralization is shallow relative to surface.