LIBERO COPPER & GOLD

PROPERTY LOCATION & ACQUISITION DATE

Big Red is located 45 km west-southwest of Telegraph Creek and 130 km southwest of Dease Lake. Over the Limpoke Creek, north of where the Barrington River enters the Chutine River.

Libero Copper acquired the property in 2019.

Contacts

GENERAL INQUIRIES, CONTRACTING

Jeff Auston Exploration Manager

780 218 3286 auston@liberocopper.com

LEADERSHIP

Ian Harris Chief Executive Officer 604 638 2545 harris@liberocopper.com

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

The company completed a limited drill campaign and successfully expanded the mineralization at the Terry porphyry copper discovery. In addition, several target areas located southeast of the Terry porphyry copper discovery were drill tested.

The field season was a success, however, COVID-19 impacted the summer field program. Positive cases were promptly identified and were isolated onsite until they tested negative.

A wildfire started from a lightning strike several km east of the camp which was spotted by our helicopter pilot. Libero sent four employees with two people from the Barrington River placer mine along with helicopter support to suppress the wildfire. The fire was successfully brought under control by the Libero team. Local phone lines were down during the fire, so messages were relayed from the camp satellite system to the BC Wildfire Services and others working in the area to coordinate the suppression of other fires near Telegraph Creek.

Libero was able to donate helicopter time to the Tahltan Cultural and Literacy Camp allowing kids to have an ariel view of the Three Sisters in the Stikine River.

Number of employees working on your project(s)?

There were 50 different people that worked on the project during the 2022 project with a camp size ranging between 10 to 20 people at a time. Currently, there are three people working on reports and planning for the 2023 season.

Project Activities In The 2022 Season

At Big Red 614 rock, 57 silt, 85 talus fine and 565 soil samples were collected on the property and a total of 2789.5 m of diamond core drilling was completed.

Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?

The majority of our financing comes by way of private placements, which consist of non-brokered financing from retail and corporate investors. We have no debt instruments issued, so 100% of our financing is equity. Ownership is as follows:

• Management & Board, 5.2%

• Anglo Asian Mining, 19.6%

• B2Gold, 3.2%

• Institutional, 28.5%

• Retail, 37.0%

• HNW, 6.5%

Our market cap is $18,258,357.

Tentative plans and hopes for the 2023 season?

We are planning to complete a four to six week field program of geological mapping and surface sampling to locate the source of gold and copper mineralization on the property to support additional drilling the following year.