Freegold Intersects 1.4 m grading 34.4 g/t Au and 2.3 metres grading 20 g/t Au in Saddle Zone Drilling and Completes Acquisition of the Tolovana Claims

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) is pleased to report drill results from the Saddle Zone drilling as part of the 2023 exploration program at Golden Summit. The 2023 program has been very successful in demonstrating significant expansion potential with drilling 250 meters west of the main ClearyDolphin zone intersecting multiple zones with over 2 gt of gold over a considerable width (2.12 gt over 197.3m ) within a broader interval of 1.76 gt Au over 276.5 meters.

Today's Saddle Zone results, 4 kilometres east of the central Dolphin/Cleary Zone, show further expansion potential to the east. The Saddle Zone comprises an extensive vein system mapped on the surface, covering a 3km by 1km area. The 2023 program tested an 800-metre strike length of this vein swarm and successfully intersected attractive gold and silver mineralization in all seven reconnaissance holes. The program also tested the depth potential.

Unlike the Dolphin/Cleary Zone, where mineralization occurs within broad, continuous lower-grade halos surrounding higher-grade veins, mineralization in the Saddle Zone is hosted within discrete higher-grade veins, often with attractive silver values.

Significant results can be found in the table below:

HOLE NUMBER	AZ	DIP	DEPTH (M)	FROM (M)	TO (M)	INTERVAL (M)	AU G/T	AG G/T	Au EQ G/T
SZ2301	25	-55	512	163.8	167.3	3.5	1.93	57.50	2.63
including				163.8	165.7	1.9	1.81	101	3.04
SZ2302	20	-55	632	101.5	132.9	31.4	0.65	3.25	0.69
				183	209	26	0.88	24.0	1.17
				183	185	2	0.75	103	2.01
				185	186.6	2	1.37	197	3.77
				273.1	287	13.9	1.43	3.05	1.46
				375.6	387.9	12.3	0.76	0.29	0.76
SZ2303	509	-55	20	75.6	89	13.4	0.72	0.43	0.73
				121.2	126.2	5	1.44	25.5	1.75
				305	310.2	5.2	4.11	1.20	4.12
SZ2304	498	-50	20	129.9	138.7	8.8	1.25	130.2	2.84
including				136.5	138.7	2.2	2.62	500.6	8.72
including				136.5	136.9	0.4	5.89	148	7.69
including				136.9	137.1	0.2	3.84	655	11.83
including				137.1	137.8	0.7	1.47	1110	15.01
including				137.8	138.7	0.9	1.8	149	3.62
				431	440.4	9.4	2.57	22	2.84
SZ2305	616	-50	20	247.2	251.9	4.7	13.4	5.26	13.46
including				249.6	251	1.4	34.4	9.40	34.51
SZ2306	614	-55	20	225.1	227	1.9	24.1	9.60	24.22
				395.2	418.7	23.5	0.73	96.3	1.91
including				414.6	417.4	2.8	0.79	711	9.46
SZ2307	691.7	-55	20	157.3	159.8	2.5	1.88	118	3.32
				171.6	184	12.4	0.7	2.80	0.73
				224	235.3	11.3	1.21	16.1	1.41
				296	298.3	2.3	20	3.20	20.04
				603.7	607.9	4.2	3.67	2.13	3.70
				663.8	689	25.2	1.16	2.32	1.19

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.
AuEq (g/t)=(Au(g/t)*US$gold price per gram+Ag (g/t)*US$silver price per gram)/US$gold price per gram using a gold price of $2050 and a silver price of $25

Previously, Freegold conducted a limited drilling program on the Christina Vein, one of several veins located within the 3km by 1km wide Saddle Vein Swarm. The drilling program was carried out between 2011 and 2012 and covered a 150-meter strike length of the Christina Vein, situated west of the Main Saddle Zone.

Highlights from the 2011-2012 Christina Vein Testing:

HOLE NUMBER	AZ	DIP	DEPTH (M)	FROM (M)	TO (M)	INTERVAL (M)	AU G/T	AG G/T	Au EQ G/T
GSDC1174	20	-50	264.6	115.52	118.87	3.35	5	69.3	5.85
GSDC1175	20	-50	250	19.2	23.17	3.97	1.37	3.21	1.41
				112.78	114.3	1.52	15.96	1.20	15.97
				128.02	137.16	9.14	1	2.87	1.04
				149.35	153.93	4.58	1.47	48.6	2.06
GSDC1176	20	-50	224.3	57.91	66.6	8.69	28.10	13.82	28.27
including				57.91	61.88	3.97	61.0	29.20	61.36
				122.53	124.66	2.13	8.95	3.96	9.00
				170.99	187.3	16.31	5.26	91.42	6.37
GSDC1177	20	-50	256.3	195.07	199.65	4.58	2.64	1.43	2.66
GSCH1201	25	-50	224	77.42	81.69	4.27	1.37	2.04	1.39
GSCH1202	25	-50	228	106.99	114.61	7.62	0.94	4.68	1.00
GSCH1204	25	-50	213.4	156.67	163.07	6.4	1.34	0.63	1.35
GSCH1205	25	-50	263.2	159.56	161.09	1.53	8.73	5.70	8.80
				213.97	217.33	3.36	4.41	1.52	4.43
GSCH1206	25	-50	253	147.83	149.35	1.52	9.04	9.00	9.15
				238.05	239.58	1.53	6.09	4.90	6.15
GSCH1207	25	-50	258.5	129.85	131.98	2.13	7.9	11.10	8.04
				166.73	168.25	1.52	4.95	3.30	4.99

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization.
AuEq (g/t)=(Au(g/t)*US$gold price per gram+Ag (g/t)*US$silver price per gram)/US$gold price per gram using a gold price of $2050 and a silver price of $25

The Saddle Zone plan map & Sections 483000E and 482300E can be found here:
https://freegoldventures.com/site/assets/files/6287/saddle-drill-plan-map.pdf
https://freegoldventures.com/site/assets/files/6287/2024-02-482300e-section.pdf
https://freegoldventures.com/site/assets/files/6287/2024-02-483000e_section.pdf

The 2024 program will consist of drilling west of the main Dolphin/Cleary, where mineralization has the potential to be both higher grade and closer to the surface, testing an extensive 1.5 km gold-in-soil geochemical anomaly west of the current resource. In the Saddle Zone, the 2024 program will primarily focus on testing the vein zones not explored during the 2023 program. The primary goal is to locate higher-grade veins and trace them towards the surface. Moreover, the American Eagle, within the Saddle Zone, which historically produced 60,000 ounces at an average of 1.6 ounces per tons will be another area of interest. The Christina Vein will also undergo further drilling to depth.

Holes to still be reported from the 2023 Program:

Zone	Hole Numbers
Tolovana Vein Swarm west of Willow Creek	GS2336- GS2337
The number of Holes yet to be reported	2

Tolovana Exercise

Furthermore, Freegold is pleased to announce that it has exercised its right to purchase the state and federal mining claims that have previously been subject to a 20-year lease on what is known as the Tolovana Gold Property in Alaska by making a payment of US$655,260 . The Tolovana Gold Property was leased by a third party and later assigned to Freegold, which assumed all the Seller's obligations under the lease, including annual lease payments. The property was subject to a sliding scale NSR under the lease. The Tolovana exercise eliminates the NSR under the lease and further solidifies Freegold's land position.

QA/QC Protocols

A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by ALS Laboratories. Core samples were prepared in ALS's facility using the PREP-31BY package. Each core sample is crushed to better than 70%, passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 1kg is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen; a portion of this pulverized split is digested by Four Acid and analyzed via ICP-AES (method code ME-ICP61). Fire Assay analyzes all samples with an AAS finish, method code Au-AA23 (30g sample size) and over 10 g/t are automatically assayed using a FA Grav method, Au-GRAV21. Silver Assays over 100 g/t are automatically re-assayed using Ag-OG62. Additional Au screening is performed using ALS's Au- SCR24 method; select samples are dry-screened to 100 microns. A duplicate 50g fire assay is conducted on the undersized fraction, and an assay is conducted on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Analytical and assay procedures are conducted in ALS's North Vancouver and Reno facilities.

The QA/QC program included laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson , P.Geo. – Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited

Freegold is a TSX-listed company focused on exploration in Alaska and holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2022 , filed under Freegold's profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold's operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect on Freegold's business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

View original content: http://www.newswire.ca/en/releases/archive/February2024/22/c2655.html

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gold investing fvl:ca tsx:fvl Gold Investing

FVL:CA

FREEGOLD ANNOUNCES CLOSING OF $42 MILLION BROKERED PRIVATE PLACEMENT FINANCING

Freegold Ventures Limited (TSX: FVL) (" Freegold " or the " Company "), is pleased to announce that further to its news release of March 18, 2025 the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of $41,975,805 which includes the exercise in full of the agent's option for additional gross proceeds of $5,475,105 . Paradigm Capital acted as sole agent (the " Agent ") on the Offering.

In connection with the Offering, the Company entered into an agency agreement (the " Agency Agreement ") dated April 3, 2025 , between the Company and the Agent. In accordance with the Agency Agreement, 49,383,300 units of the Company (the " Units ") were issued at a price of $0.85 per Unit. Each Unit is comprised of one common share of the Company (a " Unit Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "). Each Warrant is exercisable to acquire one common share of the Company (a " Warrant Share ") for 24 months from today's date at an exercise price of $1.30 per Warrant Share. The Warrants are callable by the Company should the daily volume-weighted average trading price of the common shares of the Company on the Toronto Stock Exchange exceed $1.30 for a period of twenty (20) consecutive trading days, at any time during the period (i) beginning on the date that is 6 months from the closing date of the Offering, and (ii) ending on the date the Warrants expire (the " Call Trigger "). Following a Call Trigger, the Company may give notice (the " Call Notice ") to the holders of the Warrants (by disseminating a news release announcing the acceleration) that any Warrant that remains unexercised by the holder thereof shall expire thirty days following the date on which the Call Notice is given.

The Company plans to use the net proceeds from the offering for general working capital and corporate purposes, with a primary focus on advancing the Golden Summit project. Drilling at Golden Summit is expected to resume next month, and an updated Mineral Resource Estimate is anticipated later in the second quarter, once the assays from the 2024 drill program have been finalized.

Mr. Eric Sprott , through an entity owned and controlled by him, purchased an aggregate of 14,814,900 Units in the Offering, representing 30% of the Units issued under the Offering.

Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), the purchase of Units by Mr. Sprott was a "related party transaction". The Company was exempt from the requirements to obtain a formal valuation in connection with the Offering in reliance on section 5.5(c) of MI 61-101, as the issuance of Units to Mr. Sprott was a distribution of securities of the Company to a related party for cash consideration. The issuance of the Units to Mr. Sprott was exempt from the requirement to obtain minority shareholder approval in reliance on section 5.7(1)(a) of MI 61-101 as neither the fair market value of the Units received by Mr. Sprott nor the proceeds for such securities received by the Company exceeded 25% of the Company's market capitalization as calculated in accordance with MI 61-101.

A material change report will be filed less than 21 days from the date of the closing of the Offering. Closing the Offering in this shorter period was reasonable in the circumstances as the Company determined the shorter period was necessary because the terms of the transaction were favorable to the Company, given uncertain market conditions time was of the essence in closing the Offering, and closing the Offering expeditiously was in the best interest of the Company and its shareholders.

The Offering is subject to the final approval of the Toronto Stock Exchange. All securities issued pursuant to the Offering will have a hold period of four months and one day.

The securities 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 security laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Freegold Ventures Limited

Freegold is a TSX-listed company focused on exploration in Alaska and holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Forward-looking Information Cautionary Statement

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release, include, without limitation, statements regarding the receipt of TSX final approval for the Offering and the use of proceeds from the Offering. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. See Freegold's Annual Information Form for the year ended December 31, 2024 , filed under Freegold's profile at www.sedarplus.ca , for a detailed discussion of the risk factors associated with Freegold's operations.

SOURCE Freegold Ventures Limited

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FREEGOLD VENTURES LIMITED ANNOUNCES UPSIZE OF THE PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $36.5 MILLION

/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA , ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA ./

Freegold Ventures Limited (TSX: FVL) (the " Company " or " Freegold Ventures "), is pleased to announce that in connection with its previously-announced best efforts private placement offering (the " Offering "), the Company and Paradigm Capital Inc. (the " Agent "), have agreed to increase the size of the Offering. The Company will now issue up to 42,492,000 units of the Company (the " Units ") at a price of $ 0.85 per Unit (the " Issue Price ") for total gross proceeds of up to $ 36,500,700 . Each Unit will be comprised of one common share of the Company (a " Unit Share ") and one half of one common share purchase warrant of the Company (each whole warrant, a " Warrant ").

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FREEGOLD VENTURES LIMITED. ANNOUNCES $30 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING

/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA , ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA ./

Freegold Ventures Limited (TSX: FVL) (the " Company " or " Freegold Ventures "), is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the " Agent "), in connection with a proposed best efforts private placement financing (the " Offering ") for total proceeds of up to approximately $ 30 million consisting of up to 32,295,000 units of the Company (the " Units ") at a price of $ 0.85 per Unit. Each Unit will be comprised of one common share of the Company (a " Unit Share ") and one half of one common share purchase warrant of the Company (each whole warrant, a " Warrant ").

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Freegold Achieves Over 93% Recovery Using Albion Process oxidation-CIL Additional Metallurgical Work Remains Ongoing

Total gold recovery of over 93% from a composite comprised of core from 8 drill holes representing the Dolphin/Cleary resource area.
The flowsheet consists of gravity – flotation - concentrate cleaning - Albion Process™ oxidation - CIL (carbon-in-leach).
A sulfide concentrate representing approximately 3% of the process plant feed has been treated using standard Albion™ Process testing procedures appropriate for the current stage of the Golden Summit Project development, resulting in a downstream CIL stage extraction of over 97%.
The exceptional CIL stage extraction of gold has been achieved with less than 75% sulfur oxidation.
Further optimization of this flowsheet and testing of other oxidation processes are ongoing.

Freegold Ventures Limited (TSX: FVL) (OCTQX: FGOVF) ("Freegold" or the "Company") is pleased to announce additional results based on the ongoing metallurgical test work on drill hole composites from the 2020 2022 drill programs. The objectives of the recently completed testwork were:

Advancement of understanding of gold deportment and recovery methods from previously released metallurgical test work results
Optimization of gold recovery and flowsheet make-up considering the minimization of both future capital and operating cost intensity with the benefit of significant additional and overall gold recovery

Eight drill core composites, representing different locations and grades within the Dolphin and Cleary areas, were created using continuous drill intervals chosen to reflect potential mill feed. (Refer to the map below for hole locations.) The selections of drill holes and intervals included the three primary gold-hosting lithologies. The results indicate that a gold recovery rate of 93% can be achieved using standard and commercially employed mineral processing operations. The composites were prepared from laboratory assay rejects of fresh rock intervals located well below the existing oxide cap at Golden Summit. Eight drill hole composites were utilized, comprising 1,192 meters of drill intercepts that represent 587 continuous mineralized intervals with a total material weight of over 5,100 kilograms.

Composite DDH Make Up	GS2201	GS2203	GS2206	GS2207
	GS2208	GS2209	GS2168	GS2167
Test Calc Grade		gold recovery %
Au g/t	Gravity	Flotation	Post Oxidation Stage CIL	Total

1.15	40 %	55 %	97 %	>93%

Summary of Gold Recovery

Since 2020, drilling activities at the Golden Summit project have significantly bolstered its potential, reinforcing the project's viability through positive metallurgical outcomes and a marked increase in overall resources. The current pit-constrained resource includes both oxide and primary resources, with the oxide component located within the upper 70 meters. Previous column tests on the oxide material indicate that heap leach gold recoveries can reach 85% within two weeks. Ongoing optimization efforts are focused on delineating the most effective flow sheet for the sulphide component before initiating a pre-feasibility study.

The strategic plan for 2025 outlines extensive drilling initiatives aimed at upgrading resources from the inferred category to the indicated category, which is crucial for completing the planned pre-feasibility study. The September 2024 Primary Resource, using a 0.5 g/t cut-off, is 346,304,000 tonnes at 1.08 g/t Au (12,050,000 contained ounces) in the indicated mineral resource category and 308,311,000 tonnes at 1.04 g/t Au (10,306,000 contained ounces) in the inferred mineral resource category.

In 2024, 41 holes, totaling 25,708m , were drilled. Assay results from twelve drill holes related to the 2024 program are pending. Results from the 2024 program will be incorporated into an updated mineral resource estimate expected to be released later in 2025.

Ongoing Metallurgical Work: The primary areas of focus in the next phase of metallurgical test work are in progress and include:

Comminution studies using half PQ core
Flotation concentrate oxidation pre-treatment utilizing BIOX® and POX prior to CIL

Link to Map Showing Location of Metallurgical Composite Holes and 2024 Drilling

https://freegoldventures.com/site/assets/files/6287/metdrillingplanmap_february2025.pdf

The Qualified Person for this release is Alvin Jackson , P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2023 , filed under Freegold's profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold's operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect on Freegold's business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

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CLEARY ZONE
Hole	Depth	Dip	Azimuth	From	To	Interval	Au	Au
Number	Depth	Dip	Azimuth	(m)	(m)	(m)	g/t	cut to 90 g/t
GS2438	427	-90	0	69.2	93.6	24.4	1.12
				233.8	266.4	32.6	1.14
				310	325.2	15.2	1.22
GS2441	536.8	-90	0	50.9	60	9.1	3.3
				221.6	251.9	30.3	2.74
				300.8	334.4	33.6	11.66	9.77
*including*				325.2	328.3	3.1	110.4
				355.1	380.1	25	1.73

WOW ZONE
Hole	Depth	Dip	Azimuth	From	To	Interval	Au
Number	Depth	Dip	Azimuth	(m)	(m)	(m)	g/t
GS2439	714.6	-90	0	441	468	27	1.28
				522	585	63	0.87
				654	684	30	0.72
GS2440	666.3	-90	0	219.8	271.3	51.5	0.79
				288.6	316.1	27.5	0.66
				342.6	397.5	54.9	2.07
				415.4	418.5	3.1	128.3
				438	459.3	21.3	4.16
including				441	444.1	3.1	21.5

Hole ID	Length, m*	g/t Au	% Sb	g/t AuEq**	From, m	To, m
Resurrection Ridge
LB023	67.1	1.30	0.18%	2.11	24.4	91.5
including	30.5	2.79	0.33%	4.29	30.5	61.0
also including	16.8	5.05	0.46%	7.12	42.7	59.4
LB029	79.3	0.53	0.14%	1.16	122.0	201.2
including	18.3	0.52	0.30%	1.86	128.0	146.3
LB013	49.7	0.15	0.26%	1.29	30.8	80.5
LB21-005	79.2	0.22	0.08%	0.56	64.5	143.7
including	8.6	0.59	0.46%	2.66	65.5	74.1
LB006***	86.9	1.11	0.30%	2.46	36.6	123.4
including	12.8	1.83	0.87%	5.75	79.2	92.0
also including	6.7	2.29	+1%****	6.77	85.3	92.0
LB001***	63.9	0.21	0.33%	1.69	13.1	77.0
including	17.7	0.38	0.83%	4.10	55.2	72.8
also including	6.4	0.16	+1%****	4.64	55.2	61.6
LB003***	22.3	2.26	0.32%	3.69	67.1	89.3
including	7.9	5.97	0.57%	8.55	81.4	89.3
LB004***	110.4	0.19	0.12%	0.73	0.0	110.4
including	36.6	0.24	0.21%	1.16	6.7	43.3
LIM-40***	54.9	1.20	0.64%	4.07	18.3	73.2
including	12.2	2.12	+1%****	6.60	48.8	61.0
LIM-45***	36.6	1.23	0.40%	3.02	24.4	61.0
including	12.2	0.35	+1%****	4.83	36.6	48.8
LIM-48***	61.0	0.77	0.41%	2.61	24.4	85.4
including	24.4	0.37	0.77%	3.82	48.8	73.2

Hole ID	Length, m*	g/t Au	% Sb	g/t AuEq**	From, m	To, m
Cadillac Valley
LB22-007***	169.2	0.89	0.18%	1.70	213.5	382.7
including	54.4	2.26	0.13%	2.85	213.5	267.9
also including	3.10	0.76	2.76%	13.15	259.2	267.9
LB22-006***	124.7	0.84	0.11%	1.34	127.4	252.1
including	24.3	1.32	0.20%	2.23	160.6	184.9
LB22-019***	28.9	1.09	0.04%	1.27	170.7	199.6
LB054***	12.2	0.42	0.08%	0.79	12.2	24.4

Hole ID	Target Zone	Easting	Northing	Elevation (m)	Length (m)	Azimuth	Dip
LB023	Resurrection Ridge	667143	4417273	2174	187	70	-60
LB029	Resurrection Ridge	667128	4417307	2162	237.7	0	-90
LB013	Resurrection Ridge	667142	4417273	2177	164.7	90	-50
LB21-005	Resurrection Ridge	667279	4417487	2179	253.8	0	-90
LB006	Resurrection Ridge	667030	4417384	2125	152.7	0	-90
LB001	Resurrection Ridge	667036	4417384	2125	77	0	-90
LB003	Resurrection Ridge	667134	4417528	2133	129.4	0	-90
LB004	Resurrection Ridge	667313	4417277	2239	198.7	270	-50
LIM-40	Resurrection Ridge	667018	4417409	2124	289.6	0	-90
LIM-45	Resurrection Ridge	666929	4417389	2103	179.8	0	-90
LIM-48	Resurrection Ridge	666927	4417374	2105	286.5	0	-90
LB22-007	Cadillac Valley	665211	4415453	2031	403.5	254	-86
LB22-006	Cadillac Valley	664692	4414921	2042	379.8	144	-77
LB22-019	Cadillac Valley	664433	4414318	2096	335.3	116	-66
LB054	Cadillac Valley	665323	4415090	2059	157.0	0	-90

Freegold Intersects 1.4 m grading 34.4 g/t Au and 2.3 metres grading 20 g/t Au in Saddle Zone Drilling and Completes Acquisition of the Tolovana Claims

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Golden Summit

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Shorty Creek

Management Team

Ron Ewing - Director and Chairman

Kristina Walcott - President, Chief Executive Officer and Director

Alvin Jackson - Director and VP of Exploration and Development

David Knight - Director

Garnet Dawson - Director

Glen Dickson - Director

Reagan Glazier - Director

Maurice Tagami - Director

Vivienne Artz - Director

Gordon Steblin - Chief Financial Officer

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