Liberty Gold Announces the Appointment of Lauren Roberts to the Board of Directors and Reports Q2 2025 Financial and Operating Results

VANCOUVER, British Columbia, Aug. 12, 2025 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD, OTCQX:LGDTF) (“Liberty Gold” or the “Company”), is pleased to announce the appointment of Lauren Roberts to its Board of Directors, effective September 1, 2025.

Chair of the Board, Greg Etter stated: “We are delighted to welcome Lauren to the Board. His deep industry knowledge and operational leadership experience will strengthen Board governance and strategic oversight as we execute on our strategic priorities, bring Black Pine into production and deliver value to shareholders.”

Mr. Roberts brings over 35 years of international mining experience spanning construction, operations, technical services, and environmental stewardship. He has held pivotal leadership roles at Hecla Mining Company (“Hecla”) and Kinross Gold Corporation (“Kinross”), where he served recently as Chief Operating Officer and led global operations across multiple continents. At Hecla, he was instrumental in modernizing tailings management systems, implementing strategic permitting frameworks, and launching optimization projects that delivered record throughput across three producing mines. At Kinross, Mr. Roberts oversaw a portfolio of eight operating mines producing approximately 2.5 million gold ounces annually, while managing a workforce of 10,000 across six countries.

Lauren Roberts added: “I am honoured to join Liberty Gold’s Board at such a pivotal time for the company. I recently visited the Black Pine site and was impressed with the scale of the deposit and the deep experience in the technical team. I look forward to working with the Liberty Gold Board and management to advance Black Pine and fully support the company’s vision to build a mine-building company around this foundational asset.”

President & CEO, Jon Gilligan expressed, “Lauren’s appointment aligns with our commitment to building a high-performing, diverse, and forward-thinking Board. I welcome Lauren’s input to help guide effective decision-making through the Black Pine feasibility study and the permitting process. We have a Board and senior management team that has the experience and capacity to deliver Black Pine and to grow the company intelligently and opportunistically into a substantial mid-tier gold producer.”

Q2 2025 Financial and Operating Results
The Company is also pleased to announce its financial and operating results for the three and six months ended June 30, 2025. All amounts are presented in United States dollars unless otherwise stated.

SECOND QUARTER OF 2025 AND RECENT HIGHLIGHTS

• On July 22, 2025¹, we announced the appointment of four highly experienced mining professionals to our technical and project development team;
  • Vice President, Project Development, Tyler Cole, accountable for delivery of the Black Pine Feasibility Study and all associated basic and detailed engineering activities leading to a construction decision.
  • Senior Director, Mining and Metallurgy, Richard Zaggle, who will lead the development of the Black Pine processing flowsheet, oversee metallurgical and geo-metallurgical integration, and support mine design and feasibility planning in coordination with the broader technical team.
  • Director, Technical Services, Owen Nicholls, responsible for the completion of the feasibility-level resource estimate, short-term grade control models, geo-metallurgical modeling, and integration of geotechnical and hydrogeological programs to support permitting and operational readiness at Black Pine.
  • Senior Environmental and Permitting Specialist, Charles Mumford, will lead critical aspects of the Black Pine permitting program, including site environmental compliance, NEPA and state permitting, and coordination with regulatory bodies and community partners.
• On June 12, 2025² we announced the appointment of Jon Gilligan as President and Chief Executive Officer as well as his appointment to the Board of Directors, and the appointment of Greg Etter as Chairman of the Board of Directors.
• On April 28, 2025³ we announced the intention of Cal Everett to retire from his position as Chief Executive Officer and Director of the Company effective the date of the Company’s Annual General Meeting on June 12, 2025.
• On April 22, 2025, the Company closed a bought deal financing (the “2025 Bought Deal“)⁴, whereby the Underwriters purchased, on a bought-deal basis, 69,699,200 Common Shares, at a price of C$0.33 per Unit, for gross proceeds of C$23,000,736. Each Unit consists of one common share of the Company (“Common Share“) and one-half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.45 until April 22, 2027.

At the Black Pine project (“Black Pine“),

• In May 2025⁵, we commenced a 40,000 metre (“m”) drill program to support feasibility-level engineering studies that are planned to begin in Q4 2025.

At the Goldstrike project in Utah (“Goldstrike“),

• We announced on February 11, 2025⁶ and April 13, 2025, the intention to spin-out Goldstrike and the adjacent Antimony Ridge discovery into a separate corporate entity named Specialty American Metals Inc (“Specialty American“).

SELECTED FINANCIAL DATA

The following selected financial data is derived from our unaudited condensed interim consolidated financial statements and related notes thereto (the “Interim Financial Statements”) for the three and six months ended June 30, 2025, as prepared in accordance with IFRS Accounting Standards – IAS 34: Interim Financial Statements.

A copy of the Interim Financial Statements is available on the Company’s website at libertygold.ca or on SEDAR+ at www.sedarplus.ca.

The information in the tables below is presented in $’000s, except ‘per share’ data: