Liberty Gold Announces Strategic 9.9% Investment by Centerra Gold Inc.

Core Viewpoint - Liberty Gold Corp. has entered into a subscription agreement with Centerra Gold Inc., where Centerra will acquire 9.9% of Liberty Gold's common shares, indicating a strategic investment to support the development of the Black Pine project [1][2]. Group 1: Investment Details - Centerra will purchase 50,025,230 common shares at a price of C$0.56 per share, resulting in gross proceeds of C$28.01 million, which represents a 10% premium to the 5-day volume weighted average price [2][3]. - The subscription is expected to close on or about October 1, 2025, pending customary conditions including TSX approval [3]. Group 2: Strategic Implications - The investment is seen as a strong endorsement of Liberty Gold's progress and the potential of the Black Pine project, with expectations of unlocking value and de-risking the development timeline [2]. - Centerra's regional and operational expertise is anticipated to complement Liberty Gold's efforts, creating synergies to advance Black Pine towards production [2]. Group 3: Use of Proceeds - Proceeds from the investment will be utilized to advance technical studies at Black Pine and for general corporate purposes [3]. Group 4: Investor Rights Agreement - Liberty Gold and Centerra plan to enter into an investor rights agreement, granting Centerra financing participation rights, information rights, technical committee representation rights, and the right to appoint one nominee to Liberty Gold's board of directors, contingent on maintaining certain shareholding thresholds [4]. Group 5: Company Overview - Liberty Gold focuses on developing open pit oxide deposits in the Great Basin of the United States, particularly the Black Pine project in Idaho, which has strong economic potential and can be mined profitably in an environmentally responsible manner [5].