Liberty Gold Corp. announced the results from a recently-completed sonic drilling program at the Goldstrike Oxide Gold Project in southwestern Utah (“Goldstrike”). The purpose of the program was to obtain material for metallurgical testing from the historic heap leach pads (“HHLP”), to determine how much gold remains and to what extent it can be recovered in a new heap leach mining operation.

The program followed a 2018 reverse circulation (“RC”) drilling program, which indicated that considerable gold remains in the HHLP and in underlying backfill material. Liberty Gold completed 815 metres (“m”) of sonic drilling in 23 holes in the two leach pads making up the HHLP and in adjacent and underlying backfill areas. All holes returned at least 15 m true thickness of above reporting cut-off grade (0.15 grams per tonne gold “g/t Au”) oxide gold mineralization, with some holes in the thicker portions of the pads returning up to 44 m of continuous mineralization.

Cyanide solubility of gold in assay pulps, as expected, returned a wide range of values, but generally showed a good correlation between grade and solubility, with some higher-grade intervals returning in excess of 90% cyanide solubility. These data suggest that much of the gold in the HHLP was incompletely leached during the historic mining operation and is potentially available for extraction by re-leaching. Material from the sonic drilling program will be shipped to Kappes Cassiday Associates in Reno, Nevada for metallurgical column testing under the guidance of the Company's metallurgical consultant, Gary Simmons.

Data from this program and the RC drilling will be used to estimate the gold available for leaching within the HHLP in support of further engineering studies. KEY POINTS: A Sonic drilling program consisting of 815 m in 23 holes was completed on and adjacent to the historic heap leach pads at Goldstrike. A sonic drill rig uses an ultrasonic vibration to drill without the use of drilling mud and is the “best practice” drilling technique to sample unconsolidated rock piles.

Sonic drilling of the HHLP returned thick, above reporting cut-off intervals of gold mineralization in every drill hole. Much of the gold exhibits moderate to high cyanide solubility, with over 90% solubility in higher-grade intervals. The high grades and cyanide solubility suggest that portions of the HHLP contain gold that was not recovered during the original mining operation, and which may be available for recovery in a future operation.

Results will be used to determine the gold content remaining in the HHLP, while composites of the drilled material will be used for metallurgical column testing to determine how much of the gold is recoverable by heap leaching. The backfill material directly underlying the leach pads also contains gold, including 22.9 m grading 0.48 g/t Au in PGS884. Backfill material adjacent to the HHLP is also mineralized, including 13.7 m grading 0.68 g/t Au in PGS899.

QUALITY ASSURANCE – QUALITY CONTROL: Drill composites were calculated using cut-offs of 0.15 g/t Au, 0.20 g/t Au and 1.00 g/t Au. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals vary between 30% and 100% of the reported lengths due to varying drill hole orientations but are typically in the range of 60% to 80% of true width.

Drill samples were assayed by ALS Limited in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t Au were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.200 ppm an additional cyanide leach analysis is done where the sample is treated with a 0.25% NaCN solution and rolled for an hour.

An aliquot of the final leach solution is then centrifuged and analyzed by Atomic Absorption Spectroscopy. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS. ALS Geochemistry-Reno is ISO 17025:2005 Accredited, with the Elko prep lab listed on the scope of accreditation.

QUALIFIED PERSON: Moira Smith, Ph.D., P.Geo., Vice-President Exploration and Geoscience, Liberty Gold, is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and validated that the information contained in the release is accurate.