TV TOWER

TV Tower (62.9% owner and operator)

TV Tower is a high-sulphidation epithermal and porphyry gold-copper property located in the Biga District of northwestern Turkey, close to established infrastructure. Discovered by Teck Resources and Liberty Gold (formerly Fronteer Gold), the project hosts numerous gold and copper discoveries to date and abundant untested targets. A resource estimate on the KCD high-sulphidation Au-Ag-Cu deposit in the northeast corner of the property was released in 2014. Resource estimates on the Columbaz Au-Cu porphyry, located 2 km to the south of KCD, and four deposits in the southern part of the property (Kayali, Yumrudag, Hilltop Porphyry and Valley Porphyry), spanning Au-Cu porphyry, high sulphidation epithermal gold oxide and supergene copper mineralization, were released in April, 2021.

The 9,065 ha TV Tower gold-silver-copper property is located in northwestern Turkey. Our interest in TV Tower is held through a 62.9% shareholding in Orta Truva Madencilik Sanayi ve Ticaret Anonim Şirketi ("Orta Truva"), the legal entity that holds title to the licenses that comprise the property. Teck Madencilik SanayiTicaret A.Ş. ("TMST"), a subsidiary of Teck Resources Limited, is our joint venture partner at TV Tower and holds the remaining 37.1% of Orta Truva.

A maiden resource estimate for five gold and copper deposits was announced on April 6, 2021, see further details in the press release at that date, available at www.sedar.com under Liberty Gold’s profile and on Liberty Gold’s website.

The TV Tower Property is divided into South (“South TVT”) and North (“North TVT”) resource areas. The South TVT resource area contains four geographically separate deposits (Kayalı and Yumrudağ oxide gold deposits and Hilltop and Valley Au-Cu porphyry deposits), all located within a 4 km2 area.

The North TVT resource area, located approximately 7 km north of the South TVT resource area, hosts two deposits: the Columbaz Au-Cu porphyry and the Küçükdağ high sulphidation epithermal (“HSE”) Au-Ag-Cudeposit (“North TVT KCD”). The former is comprised of two resource zones based on mineralogy and anticipatedmilling technique: North TVT Au-Cu Porphyry and North TVT Oxidized Porphyry. KCD was the subject of a 2014 resource estimate that is still current. All deposits are open for extension laterally and to depth.