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Liberty Gold Announces the Sale of the Goldstrike Project for Proceeds of US$72.5 Million

Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) announces that it has entered into a definitive share purchase agreement (the “Agreement”) to sell the issued and outstanding shares of its subsidiary, Speciality American Metals Inc., that owns the Goldstrike Project located in southern Utah (“Goldstrike”), to Heliostar Metals Ltd. (“Heliostar”) for US$72.5 million in total consideration (the “Transaction”). The Transaction will provide Liberty Gold with additional capital to advance its flagship Black Pine Oxide Gold Project located in southern Idaho.

Mar 23, 2026 &03412323202631; 17:41 UTC www.bnnbloomberg.ca Trending 4/5

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Neutral impact

Sentiment score: +15/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Liberty Gold Corp. has agreed to sell its Goldstrike Project subsidiary to Heliostar Metals for US$72.5 million, generating capital to fund development of its flagship Black Pine Oxide Gold Project in Idaho. This asset sale represents a strategic portfolio optimization rather than a distressed transaction.

AI CONFIDENCE

72% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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LGD

LGDStock

High volatility expected

Asset sale provides liquidity but represents divestiture of a project; market reaction depends on whether Black Pine Oxide is perceived as higher-value asset and execution risk on development

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Gold Futures

GC=FCommodity

Uncertain

Minor company-specific news; no material impact on gold prices

PRICE HISTORY

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⚡ SUGGESTED ACTION

Monitor LGD for post-announcement price action and management guidance on Black Pine Oxide timeline/capex. The sale is neutral-to-slightly-positive (capital raised) but watch for signs that Goldstrike was undervalued or that Black Pine faces development delays. Consider this a medium-term bet on project execution rather than an immediate catalyst.

KEY SIGNALS

Strategic asset divestiture to fund flagship project developmentUS$72.5M capital injection provides near-term liquidityPortfolio concentration risk: company betting on Black Pine Oxide successNo indication of distressed sale or unfavorable termsExecution risk on Black Pine Oxide development remains

SECTORS INVOLVED

MaterialsMining & Metals

Analysis generated on Mar 23, 2026 at 19:39 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by BNN Bloomberg. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Liberty Gold Announces the Sale of the Goldstrike Project for Proceeds of US$72.5 Million

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