Liberty Gold year‑end update on Goldstrike and critical minerals assets

Liberty Gold added 35 claims around Goldstrike and is advancing water rights and studies; Antimony Ridge shows up to 5.8% antimony with >3 km strike and drill‑ready targets; Gage acquisition adds 181 claims and two state leases (5,916 ha) and will be combined with Antimony Ridge for a critical‑metals opportunity while divestiture options are reviewed.

Liberty Gold issued a year‑end update describing recent claim additions and ongoing work at its Goldstrike oxide gold project, the Antimony Ridge discovery, and the newly acquired Gage critical metals project. The company says it has refined how it will manage these assets to support disciplined capital allocation and long‑term value creation. Goldstrike Project The company recently added 35 claims to the west and north of the Goldstrike project to cover new high‑potential oxide gold exploration targets. Liberty Gold reports it is advancing Goldstrike by acquiring process water rights, reviewing and acquiring nearby land opportunities, and updating internal economic studies and strategies intended to create long‑term value. Antimony Ridge Project Antimony Ridge lies about 5 km east of the main Goldstrike resource. Initial outcrop sampling returned values of up to 5.8% antimony in strongly brecciated and silicified zones tied to high‑angle faults and lithologic contacts. Mineralization is reported to dip 20–25° northeast, is open at depth, and surface exposures are defined by soils data that indicate a mineralized strike length of greater than 3 km. The main targets at Antimony Ridge are fully permitted and bonded; drill permitting for an additional 16 sites within Antimony Ridge has been completed and those sites are described as drill‑ready. Liberty Gold will hold the 128 claims covering Antimony Ridge separately from the Goldstrike Project. Gage Project and critical‑metals package As part of its critical‑minerals review, Liberty Gold acquired the Gage Project, securing 181 unpatented mining claims on BLM land and two Utah State leases for a total of 5,916 hectares. These lands lie along a northwest‑trending critical metals belt of more than 5 km, surround the past‑producing Apex Mine, and cover several historic mines and previously identified critical‑minerals prospects. The company intends to combine the Gage claims and leases with Antimony Ridge to create a critical‑metals investment opportunity and is actively reviewing divestiture options for the combined critical minerals assets. Strategy and next steps Liberty Gold says it refined its approach after evaluating strategic alternatives earlier in the year and will manage Goldstrike, Antimony Ridge and Gage to support disciplined capital allocation. The company also notes there is no assurance any transaction for the critical minerals assets will be completed and that it does not intend further public comment on those assets unless additional disclosure is appropriate or necessary. Final summary and suggestions The update outlines concrete near‑term positions: expanded claim coverage at Goldstrike, permitted and drill‑ready targets at Antimony Ridge, and a material land package at Gage to form a critical‑metals portfolio. Considerations going forward could include prioritizing near‑term drilling at the permitted Antimony Ridge sites to test the reported high‑grade antimony exposures, continuing to advance water rights and economic studies at Goldstrike to support project de‑risking, and exploring strategic partnerships or divestiture pathways for the combined critical‑metals package to realise value while maintaining disciplined capital allocation.