LIBERO COPPER ANNOUNCES CLOSING OF PRIVATE PLACEMENT

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 non-brokered private placement (the 'Offering') consisting of a cumulative total of 12,583,666 units (a 'Unit'), with each Unit consisting of one common share (a 'Share') and one share purchase warrant (a 'Warrant') at a price of $0.15 per Unit for aggregate gross proceeds of approximately $1.9 million.

Each Warrant shall entitle the holder thereof to acquire one additional Share at a price of $0.22 until expiry on January 6, 2025. The net proceeds will be used for exploration at the Mocoa and Esperanza porphyry copper projects and general working capital. Existing strategic investor, Anglo Asian Mining Plc, invested in the final tranche of the Offering to maintain their 19.9% interest in Libero Copper by purchasing 2,600,000 Units, which, along with 70,000 Units purchased by the CEO, will be subject to a four month hold period ending May 7, 2023 pursuant to applicable policies of the TSX Venture Exchange.

Ian Slater, Chairman, participated in the Offering for 1,000,000 Units which will be subject to a four month hold period ending May 1, 2023 pursuant to applicable policies of the TSX Venture exchange. 8,913,666 Units under this Offering were sold pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the 'Listed Issuer Financing Exemption'). Since the Offering was completed pursuant to the Listed Issuer Financing Exemption, the securities issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities law. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

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 the Mocoa deposit in Putumayo, Colombia; Esperanza in San Juan, Argentina; and Big Red and Big Bulk in the Golden Triangle, BC, Canada. These assets are being advanced by a highly disciplined and seasoned professional team with successful track records of discovery, resource development, and permitting in the Americas.

Contact:

Investor

Ian Harris

Chief Executive Officer

T: [phone]

E: [e-mail]

Michelle Borromeo

VP

T: [phone]

E: [e-mail]

(C) 2023 Electronic News Publishing, source ENP Newswire