Liberty Gold Corp. announced results from the 2022 winter reverse circulation ("RC") drill program at the M Zone, and final results from the 2021 resource upgrade and step-out drilling program at the Discovery Zone at the Black Pine oxide gold deposit in southern Idaho. The M Zone, located east of Discovery Zone, is a focus of 2022 drill program given the near-surface mineralization and proximity to lower elevation areas to the east that might be suitable for heap leach infrastructure.

Results from the 2022 winter drill program delivered relatively high-grade oxide gold mineralization at shallow depths (~30 to 80 meters ("m") below surface). The current resource contains two pits in the M Zone and today's results targeted the 250 m gap between these two pits, with the primary objective to link mineralization into a single larger deposit over a 750 m length. Liberty Gold continues to advance its 87,000 m drill program in 2022 and has delivered strong early returns at both Rangefront and now at the M Zone.

This illustrates the success this year's program has had so far in discovering, linking up and expanding mineralized areas across the entire deposit and will continue to be a key focus of our exploration program this year.