Liberty Gold Announces the Sale of the Gage Project

Core Viewpoint - Liberty Gold Corp. has entered into an asset purchase agreement to divest its Gage Project in Utah to Blue Moon Metals Inc. for 420,935 common shares and a 2.0% net smelter return royalty [1][8]. Transaction Details - The Gage Project consists of interests in unpatented critical minerals mining claims and SITLA leases, which were identified as a non-core asset [2]. - The total consideration for the transaction includes approximately US$2 million through the receipt of common shares and a 2.0% net smelter return royalty on mineral production, with an option for Blue Moon to repurchase 1.0% of the NSR for US$2 million prior to commercial production [8]. - The transaction is subject to TSX-V regulatory approvals and customary closing conditions, expected to close within 30 days [4]. Company Overview - Liberty Gold is focused on gold development in the Great Basin, with its flagship asset being the Black Pine Oxide Gold Project in Idaho, which is advancing towards a modern open-pit mining operation [6]. - The company aims to responsibly develop high-quality, long-life gold projects in supportive jurisdictions, led by an experienced team [6].