LIBERO COPPER INTERCEPTS 97 METRES OF 0.34% COPPER EQUIVALENT AT BIG BULK

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to report assay results for the five hole, 1,743 metre drill program at the Big Bulk porphyry copper project in British Columbia's Golden Triangle. Results suggest the presence of a large mineralizing system, with new drill results confirming a greater than two kilometre strike length.

Big Bulk Highlights

Libero Copper's first drill program on Big Bulk tested a new geological model derived from recent mapping by the British Columbia Geological Survey which indicates the target is a much larger calc-alkaline porphyry system with similarities to KSM. The targeted intrusive phase (Phase 2 – quartz-chalcopyrite veined hornblende diorite) of the Big Bulk porphyry was intersected in multiple holes.
Drill hole 1 intersected 37.44 metres of 0.42% CuEq** (0.3% Cu, 0.59 g/t Ag, 0.15 g/t Au) including 9.5 metres of 0.59 CuEq** (0.43% Cu, 0.79 g/t Ag, 0.2 g/t Au).
Drill hole 5 intersected 97 metres of 0.34% CuEq** (0.19% Cu, 0.97 g/t Ag, 0.18 g/t Au) including 17.5 metres of 0.47% CuEq** (0.28% Cu, 1.29 g/t Ag, 0.23 g/t Au).

"The Big Bulk drill program successfully tested the new interpretation of the Big Bulk porphyry, with multiple drill holes intersecting mineralized zones where we predicted the east-west striking mineralized Phase 2 diorite to occur," comments Ian Harris , President & CEO. "The mineralogy, grades and widths of the mineralized zones, the surrounding alteration, and the drilled strike length suggest the potential for the property to host a sizeable porphyry deposit. The drilling will be invaluable in updating our geological model, specifically late faulting in the area that complicated geology and we believe limited intersection lengths."

The Big Bulk porphyry copper-gold project is a multiphase late Triassic intrusion hosted in Hazelton and Stuhini volcanic and sedimentary rocks analogous to the district which hosts the KSM and Brucejack deposits. Big Bulk is located 20 kilometres north of Kitsault, BC, and borders Dolly Varden Silver's Big Bulk project and Hecla Mining's Kinskuch project. The project was initially explored by Teck and Canadian Empire from 2001 to 2003. Drilling in 2003 intercepted 21 metres of 1.35% CuEq** (0.86% Cu, 0.64 g/t Au) and 53 metres of 0.46% CuEq** (0.31% Cu, 0.2 g/t Au) which was not followed up on. New interpretations based on recent geologic mapping by the British Columbia Geological Survey indicate that the target is a much larger calc-alkaline porphyry system tilted on its side with higher grade mineralization in a discreet mineralized phase that was not targeted by historic drilling.

Drill Hole		From (m)	To (m)	Interval* (m)	Cu (%)	Ag (g/t)	Au (g/t)	CuEq** (%)
BB-21-01		139.00	182.44	37.44	0.30	0.59	0.15	0.42
	including	140.00	159.00	13.00	0.39	0.79	0.20	0.55
	and	171.50	181.00	9.50	0.43	0.79	0.20	0.59
BB-21-02		11.50	29.50	16.00	0.12	0.62	0.06	0.17
BB-21-03		203.00	230.00	27.00	0.10	0.49	0.09	0.17
BB-21-04		118.00	141.00	23.00	0.13	0.48	0.25	0.33
BB-21-05		171.50	273.50	97.00	0.19	0.97	0.18	0.34
	including	171.50	194.00	22.50	0.25	1.67	0.25	0.46
	and	228.50	273.50	40.00	0.22	0.99	0.2	0.38
	including	256.00	273.50	17.50	0.28	1.29	0.23	0.47

Table 1: Drill hole highlights from the five-hole 2021 program on Big Bulk. *True width of mineralized zone is unknown. **Copper equivalent grades (CuEq%) are for comparative purposes only. Calculations are uncut and recovery is assumed to be 100% as insufficient metallurgical data is available. Metal price used to calculate are in USD: Cu: $3.50 /lb, Au: $1,850 /oz, Ag: $25 /oz.

Exploration work during the 2021 field season consisted of an initial detailed mapping program which helped substantiate the recent geological model proposed by the British Columbia Geological Survey (BCGS) that describes the spatial distribution and timing of the multiphase Big Bulk porphyry. The mapping was used to refine the proposed drill targets and determine areas suitable for construction of drill pads. The initial mapping confirmed wide zones of high-grade copper mineralization (primarily occurring as chalcopyrite) at surface, as well as a historic showing hosting visible gold.

The drill program was designed to test the model of an east-west striking tabular body that partially outcrops and dips moderately to the south. Drilling in 2021 tested the strike length of the Phase 2 diorite over 2 kilometres (Figure 1). The drilling tested the location of the Phase 2 intrusion in 5 separate large fault blocks that are bounded by late north-south oriented structures.

Drilling successfully intersected moderate to strong mineralization in drill holes 1 and 5, where the mineralized intervals exhibited many of the characteristics of the Phase 2 diorite. Alteration in hole 1 occurs as pervasive propylitic alteration, mineralization is subtle, largely consisting of very fine-grained chalcopyrite. Mineralization in hole 5 occurs as blebby vein pyrite and local coarse chalcopyrite that is associated with strong phyllic and argillic alteration overprinting weal propylitic and local potassic alteration. Holes 2 and 3 exhibit short zones of anomalous copper mineralization, as well as wide zones of propylitic alteration, locally exhibiting an argillic overprint.

Drill Hole		From (m)	To (m)	Interval* (m)	Cu (%)	Ag (g/t)	Au (g/t)	CuEq** (%)
BB03-01		8.84	21.03	12.19	0.68	n/a	0.41	1.00
BB03-02		11.89	33.22	21.33	0.86	n/a	0.64	1.35
BB03-02	and	142.95	195.99	53.04	0.31	n/a	0.20	0.46
BB03-03		5.79	33.22	27.43	0.64	n/a	0.42	0.96
BB03-05		2.74	14.94	12.20	0.14	n/a	0.26	0.34
BB03-06		88.09	100.28	12.19	0.16	n/a	0.26	0.36
BB03-07		11.89	21.03	9.14	0.45	n/a	0.18	0.59
BB03-07	and	85.04	91.14	6.10	0.47	n/a	0.22	0.64
BB-08-05		3.05	93.01	89.96	0.15	0.29	0.07	0.21
BB-08-06		34.76	149.15	114.39	0.21	0.49	0.10	0.29
BB-08-07		132.80	304.80	172.00	0.10	1.57	0.11	0.20
BB-08-10		9.11	111.50	102.39	0.13	0.60	0.09	0.21
BB-08-11		16.46	168.83	152.37	0.17	0.76	0.06	0.22
BB-08-12		3.05	41.16	38.11	0.18	0.72	0.02	0.20
BB-08-16		194.42	252.34	57.92	0.18	0.43	0.07	0.24
AGA-09-01		67.00	121.00	54.00	0.31	n/a	0.05	0.35
AGA-09-01	and	427.00	437.00	10.00	0.14	n/a	4.00	3.22
AGA-09-02		181.00	659.00	478.00	0.14	n/a	0.04	0.17
AGA-09-02	including	617.00	659.00	42.00	0.27	n/a	0.05	0.31

Table 2: Select historical drill results on the Big Bulk project – note that some of the holes were drilled on portions of the Big Bulk porphyry intrusion that are now held by Dolly Varden Silver (see Figure 1).

Quality Assurance

The sampling program was undertaken under the direction of Dr. Thomas Mumford , P.Geo. All sample assay results have been monitored through a quality control / quality assurance (QA/QC) program including the insertion of blind standards, coarse blanks, and duplicate samples. Monitoring of the QA/QC program has determined that the analytical results are of acceptable quality. Assay samples are securely transported to ALS Global's sample preparation facilities in Terrace, BC and Langley, BC . Sample pulps are analyzed in North Vancouver, British Columbia for gold by fire assay using a 30-gram charge with atomic absorption spectroscopy (AAS) finish. Samples which exceed 9 g/t gold trigger a 30-gram fire assay with a gravimetric finish. Copper and silver contents are determined by four-acid digestion with ICP-AES finish. ALS Global is an independent laboratory. Libero is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data.

About Libero Copper & Gold

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

Thomas Mumford , Ph.D., P.Geo, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of Libero Copper .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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 of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions and regulatory and administrative approvals, processes and filing requirements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

SOURCE Libero Copper & Gold Corporation.

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Libero Copper & Gold TSXV:LBC Copper Investing

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LIBERO Copper CLOSES $8,300,000 FINANCING AND APPOINTS MICHAEL SUNUNU DIRECTOR

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) (" Libero Copper ") is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement (the " Offering ") by issuing 7,000,000 units (" Units ") at a price of $0.50 per Unit for gross proceeds of $3,500,000 . Together with the first tranche of the Offering (see news release dated December 2, 2021 ), and second tranche of the offering (see news release dated December 22, 2021 ) Libero Copper has received total gross proceeds of $8,300,000 .

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Anglo Asian Mining plc - Strategic investment in Libero Copper & Gold Corporation

Anglo Asian Mining plc (" Anglo Asian "), an AIM listed gold, copper and silver producer primarily focused in Azerbaijan (AIM: AAZ) and Libero Copper & Gold Corporation (" Libero "), a copper exploration company headquartered at Suite 905 1111 West Hastings Street, Vancouver BC V6E 2J3 (TSXV: LBC) announce today that Anglo Asian has increased its stake in Libero to approximately 27.07% in the issued and outstanding common shares of Libero on a fully diluted basis by subscribing for 7,000,000 units (each, a " Unit ") of Libero at a purchase price of $0.50 per Unit for gross proceeds of $3,500,000 to Libero. Each unit comprises of one common share of Libero (a " Common Share ") and one half common share purchase warrant of Libero with an exercise price of $0.75 (a " Warrant " and all of the foregoing being, the " Subscription ").

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LIBERO COPPER SIGNS EXPLORATION DRILLING CONTRACT FOR THE MOCOA PORPHYRY COPPER-MOLYBDENUM PROJECT IN COLOMBIA

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce signing of an exploration drilling contract with Kluane Colombia, S.A.S., a subsidiary of Kluane Drilling Ltd. (Kluane), for a minimum of 5,000 metres of drilling at the Mocoa Porphyry Copper-Molybdenum Deposit in Colombia. A KD-1000 drill (a proprietary build of Kluane) is currently being mobilized. The KD-1000 is modular and highly portable and can reach depths over 1,200 metres.

"We are very excited about partnering with Kluane to begin exploration drilling at Mocoa. Kluane have a proven track record of professional operation in Colombia , operating their own modular and portable drills. These drills will dramatically reduce the footprint of our exploration activities. However, more importantly in the selection process was that Kluane is highly aligned with Libero Copper's high environmental and social standards, including maximizing opportunities for employment, and contracting locally," comments Ian Harris , President & CEO. "Mobilization of materials and supplies to site has already begun with the drill expected to be in Mocoa by end of the month. This first 5,000 metre phase of drilling will focus on the expansion of the existing resource. We consider local engagement to be a core component to the development of Mocoa, and therefore we will be investing strongly in the hiring and training of locals to support an expanding drill campaign."

Q4 Webinar

On Thursday, January 27 , Libero Copper will hold its quarterly webinar at 2:00 pm Eastern Time . President & CEO, Ian Harris will recap Q4 2021 deliverables and outline 2022 exploration plans. The update will be followed by a Q&A session. To register, follow https://www.redcloudfs.com/rcwebinar-lbc-2/

About the Mocoa Porphyry Copper-Molybdenum Deposit

The Mocoa deposit is located in the department of Putumayo, 10 kilometres from the town of Mocoa. It was discovered in 1973 when the United Nations (UN) and the Colombian government conducted a regional stream geochemical survey. Between 1978 and 1983, an exploration program was carried out that consisted of geological mapping, surface sampling, ground geophysics (IP, magnetics), 31 diamond drill holes totaling 18,321 metres, and metallurgical test work cumulating in a positive pre-feasibility study. B2Gold subsequently executed diamond drill programs in 2008 and 2012.

A pit constrained inferred resource at Mocoa contains 636 million tonnes of 0.45% CuEq* at 0.25% cut-off containing 4.6 billion pounds of copper and 511 million pounds of molybdenum. Mocoa is open in both directions along strike and at depth. Additional porphyry surface targets have been identified and are drill ready.

The Mocoa deposit is situated in the Eastern Cordillera of Colombia , a 30-kilometre-wide tectonic belt underlain by volcano-sedimentary, sedimentary and intrusive rocks that range in age from Triassic-Jurassic to Quaternary, and by remnants of Paleozoic metasediments and metamorphic rocks of Precambrian age. This belt hosts several other porphyry-copper deposits, such as Mirador (438 million tonnes measured and indicated at 0.61% Cu and 235 million tonnes inferred at 0.52% Cu) ¹ , San Carlos (600 million tonnes inferred at 0.59% Cu) ² , Panantza (463 million tonnes inferred at 0.66% Cu) ² , and Solaris' Waritza, located in Ecuador .

Copper-molybdenum mineralization is associated with a dacite porphyry intrusion of the Middle Jurassic age that are emplaced into andesitic and dacitic volcanics. The Mocoa porphyry system exhibits a classical zonal pattern of hydrothermal alteration and mineralization, with a deeper central core of potassic alteration overlain by sericitization and surrounded by propylitization. Mineralization consists of disseminated chalcopyrite, molybdenite, and local bornite associated with multiphase veins, stockwork, and hydrothermal breccias. The Mocoa deposit is roughly cylindrical, with a 600 metre diameter, high-grade copper-molybdenum mineralization continues to depths in excess of 1,000 metres.

^* No adjustments were made for recovery as the project is an early-stage project and metallurgical data to allow for estimation of recoveries is not yet available. Libero Copper defines copper equivalent (CuEq) calculation for reporting purposes only. In-pit resource contained within shell generated using US$3/lb Cu and US$10/lb Mo. CuEq%=Cu%+Mo% × 3.33.
¹ Technical Report: "Mirador Copper-Gold Project 30,000 TPD Feasibility Study" dated effective April 3, 2008
² Technical Report: "Preliminary Assessment Report Panantza & San Carlos Copper Project" dated effective October 30, 2007

About Libero Copper & Gold

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

Thomas Mumford , Ph.D., P.Geo, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of Libero Copper .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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 of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions and regulatory and administrative approvals, processes and filing requirements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

SOURCE Libero Copper & Gold Corporation.

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LIBERO COPPER UPSIZES FINANCING TO $8.3 MILLION AND ANNOUNCES CLOSING OF SECOND TRANCHE

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

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Libero Copper Upsizes Private Placement to $7 Million and Announces Closing of First Tranche

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

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 one common share (each, a " Unit Share ") and one half of one common share purchase warrant (each whole warrant, a " Warrant ").

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In 2022, Canadian mine production accounted for approximately 2.4 percent of the global total, which stood at around 22 million metric tons. BC currently leads the nation in copper production, followed by Ontario, which produced approximately 159,432 metric tons of copper in 2022.

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LIBERO COPPER INTERCEPTS 97 METRES OF 0.34% COPPER EQUIVALENT AT BIG BULK

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