Liberty Gold : Notice of Meeting 2022

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

NOTICE is hereby given that the Annual Meeting (the "Meeting") of the shareholders ("Shareholders") of Liberty Gold Corp. (the "Corporation" or "Liberty Gold") will be held virtually and in the main boardroom at the Corporation's offices, 1900-1055 West Hastings Street, Vancouver, British Columbia, V6E 2E9, on Tuesday, June 9, 2022, at 2:00 p.m. (Vancouver time) in order to:

• 1. receive the consolidated financial statements of the Corporation for the year ended December 31, 2021, and the auditor's report thereon;

• 2. elect those directors who will serve until the next annual meeting of Shareholders;

• 3. appoint auditors that will serve until the next annual meeting of Shareholders and authorize the directors to fix their remuneration;

• 4. transact such other business as may properly be brought before the Meeting and any postponement or adjournment thereof.

In addition to holding the Meeting in person, the Corporation will also hold the Meeting in a virtual format, which will be conducted via live webcast online athttps://meetnow.global/M4M2PUX.Registered Shareholders and duly appointed proxyholders will be able to attend, ask questions and vote at the Meeting online following the instructions under the heading "Voting Information - Attending and Voting Virtually at the Meeting" in the accompanying management information circular. Non-registered Shareholders who have not duly appointed themselves as proxyholder will be able to attend the Meeting virtually as guests, but guests will not be able to vote at the Meeting.

The Board has fixed the close of business on April 21, 2022, as the record date (the "Record Date") for determining Shareholders entitled to receive notice of, and to vote at, the Meeting and any postponement or adjournment of the Meeting. Liberty Gold has prepared a list, as of the close of business on the Record Date, of the holders of Liberty Gold common shares ("Common Shares"). A holder of record of Common Shares whose name appears on such list is entitled to vote the Common Shares shown opposite such holder's name on such list at the Meeting.

DATED at Vancouver, British Columbia, this 21st day of April, 2022.

By Order of the Board of Directors of Liberty Gold Corp.,

(Signed) "Joanna Bailey"

Joanna Bailey

Chief Financial Officer and Corporate Secretary

Shareholders are urged to complete and return the enclosed proxy or voting instruction form promptly. To be effective, Liberty Gold proxies must be received at the Vancouver office of Computershare Investor Services Inc. ("Computershare"), the Corporation's registrar and transfer agent, by 2:00 p.m. (Vancouver time) on June 7, 2022, or 48 hours (excluding Sundays, Saturdays and holidays) prior to any adjourned or postponed Meeting. Shareholders whose Common Shares are held by a nominee may receive either a voting instruction form or form of proxy and should follow the instructions provided by the nominee.

Proxies will be counted and tabulated by Computershare in such a manner as to protect the confidentiality of how a particular Shareholder votes except where they contain comments clearly intended for management, in the case of a proxy contest, or where it is necessary to determine the proxy's validity or to permit management and the Board to discharge their legal obligations to the Corporation or its Shareholders.