Liberty Gold provides year-end update on ongoing activities

Liberty Gold (LGDTF) provided a year-end update on the Company’s ongoing activities designed to surface long-term value from the Goldstrike Oxide Gold Project, Antimony Ridge discovery and the recently acquired Gage Critical Metals Project in southwest Utah. Jon Gilligan, CEO, commented, “Earlier this year, Liberty Gold evaluated a range of strategic alternatives for its Goldstrike-related assets, including potential separation structures. As that review progressed, and as market conditions evolved, it became clear that pursuing some of those pathways would not be the most value-enhancing course for shareholders at this time. As a result, the Company has refined its approach to these assets and will manage them in a manner that supports disciplined capital allocation and management focus across the portfolio.” Liberty Gold has revised its strategy related to the Goldstrike, Antimony Ridge and Gage as follows: 128 claims to the east of Goldstrike, that cover the Antimony Ridge Project area, will be held separately from the Goldstrike Project. Drill permitting for an additional 16 sites within Antimony Ridge has been completed and those sites are drill-ready; Claims and State mineral leases from Liberty Gold’s recently acquired Gage Critical Metals Project will be combined with Antimony Ridge to create a critical metals investment opportunity; Liberty Gold is actively reviewing and advancing divestiture options for these combined critical minerals asset.