VANCOUVER, BC, Dec. 2, 2021 /CNW/ – Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE:29H) (“Libero Copper“) is pleased to announce that due to strong investor demand, it has increased the non-brokered private placement announced on November 8, 2021 (the “Offering“) for the sale of up to 14,000,000 units(the “Units“) at a price of $0.50 per Unit for gross proceeds of up to $7,000,000. Each Unit will be comprised of onecommon share (each, a “Unit Share“) and one half of one common share purchase warrant (each whole warrant, a”Warrant“).

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Libero Copper Upsizes Private Placement to 7 Million

About Libero Copper & Gold

Libero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolificand stable jurisdictions. The portfolio includes Big Red (a new grassroots discovery) and Big Bulk in the GoldenTriangle, Canada; Esperanza in San Juan, Argentina; and Mocoa in Putumayo, Colombia. These assets areadvanced by a highly disciplined and seasoned professional team with successful track records of discovery,resource development, and permitting in the Americas.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements ofhistorical fact, are to be considered forward looking. Although the Company believes the expectations expressed insuch forward-looking statements are based on reasonable assumptions, such statements are not guarantees offuture performance and actual results or developments may differ materially from those in forward-lookingstatements. Factors that could cause actual results to differ materially from those in forward-looking statementsinclude the Company not receiving the necessary regulatory approvals in respect of the Offering, market prices,exploitation and exploration successes, continued availability of capital and financing, and general economic, marketor business conditions and regulatory and administrative approvals, processes and filing requirements. There can beno assurances that such statements will prove accurate and, therefore, readers are advised to rely on their ownevaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

SOURCE Libero Copper & Gold Corporation.

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For further information: Ian Harris, Chief Executive Officer, +1 604 294 9039, harris@liberocopper.com; TetianaKonstantynivska, Investor Relations, +1 778 372 0179, konstantynivska@liberocopper.com

CO: Libero Copper & Gold Corporation.

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