VANCOUVER, BC, Oct. 25, 2021 /CNW/ – Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to provide an update on the recent advancements of its 100% owned Big Red project, located near Telegraph Creek, in BC’s Golden Triangle. Following up on the discovery of multiple new showings with copper mineralization two kilometres southeast of the 2020 Terry discovery drill holes, Libero Copper completed a 46 km2 detailed airborne magnetic survey and a soil sample grid to advance the target.

Highlights

  • Precision GeoSurveys completed a high-resolution airborne magnetic survey over the Terry target and the surrounding area.
  • Collected an additional 156 samples in a soil grid targeting the four new showings discovered earlier this season.
  • 10 diamond drill holes have been completed – initial results pending.
  • The new Scorcher discovery, a second porphyry target, identified through rock sampling during 2021 and supported by a subsequent soil sampling grid, was drill tested at the end of the season.

Read the full press release here ↘️

Libero Copper Identifies Second Porphyry Target at Big Red

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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