Freegold Ventures

Investor Insight

Freegold Ventures is advancing Golden Summit in Alaska, a 17.2 Moz indicated and 11.9 Moz inferred gold resource, with ongoing drilling defining higher-grade zones and supporting a 2027 Pre-Feasibility Study (PFS).

Overview

Freegold Ventures (TSX:FVL,OTCQX:FGVOF) is a North American gold developer focused on advancing the Golden Summit project in Alaska’s Tintina Gold Belt. The project hosts one of the largest undeveloped gold resources in North America, combining significant scale with improving grade and strong expansion potential.

Alaska is a globally recognized mining jurisdiction, ranking first for mineral potential and third for investment attractiveness. The region benefits from established infrastructure, a supportive regulatory framework, and a long history of gold production, including the nearby Fort Knox mine, which has produced more than 10 million ounces of gold.

Since 2020, Freegold has transformed Golden Summit through a revised geological model that identifies broad zones of mineralization surrounding higher-grade structures. More than 170,000 metres of drilling have driven substantial resource growth while improving grade and demonstrating strong continuity across the system.

Recent drilling continues to validate this model, confirming the presence of higher-grade zones within the broader mineralized system and supporting ongoing expansion. With a fully funded program, ongoing technical studies, and an expanding technical team, Freegold is advancing a disciplined strategy focused on resource growth, de-risking, and development readiness, targeting a Pre-Feasibility Study in 2027.

Company Highlights

• Large, Defined Gold Resource: 17.2 Moz indicated at 1.24 g/t gold and 11.9 Moz inferred at 1.04 g/t gold (0.50 g/t cut-off).
• Higher-Grade Zone Expansion: Recent drilling returned 11.54 g/t gold over 29.5 m within 216.4 m at 2.44 g/t gold, highlighting higher-grade zones within the broader system.
• District-Scale System: Multiple zones, including Dolphin, Cleary, WOW, and Tamarack with continued expansion potential.
• Consistent Resource Growth: Over 170,000 metres drilled since 2020, significantly increasing scale and grade.
• Active 2026 Drill Program: Approximately 50,000 metres planned, focused on infill, expansion, and higher-grade definition.
• Clear Development Path: Ongoing drilling and technical work advancing toward a PFS in 2027.
• Strong Metallurgy: Gold recoveries of 92- 93 percent demonstrated through testwork.
• Top-Tier Jurisdiction: Located in Alaska, ranked #1 globally for mineral potential and #3 for investment attractiveness.
• Fully Funded: C$50 million financing (January 2026) with participation from institutional investors and Eric Sprott.
• Low Discovery Cost: Under US$5.00/oz

Key Project

Golden Summit

Golden Summit is a district-scale intrusive-related gold system located near Fairbanks, Alaska. Mineralization is centered on the Dolphin intrusive and extends across multiple zones including Cleary, WOW, and Tamarack, highlighting the broader scale of the system.

The July 2025 mineral resource estimate outlines:

• Indicated: 432 Mt at 1.24 g/t gold for 17.2 Moz
• Inferred: 358 Mt at 1.04 g/t gold for 11.9 Moz
  (0.50 g/t cut-off, pit constrained)
  

Drilling continues to demonstrate both scale and improving grade, with recent highlights including 11.54 g/t Au over 29.5 m and 2.94 g/t Au over 58.4 m, confirming higher-grade zones within the broader mineralized system. These results support the company’s strategy of delineating higher-grade areas within a large, continuous gold system.

The 2026 program is focused on infill drilling to convert inferred resources, expansion drilling to extend mineralization, and geotechnical and metallurgical work to support development studies. Exploration is targeting key zones across the system, with continued work expected to further expand the mineralized footprint.

Metallurgical testing indicates strong recoveries of approximately 92 percent to greater than 93 percent, with ongoing optimization and process evaluation underway. Environmental baseline work and engineering studies are progressing in parallel to support the planned PFS.

With approximately 50,000 metres of drilling planned for 2026 and continued technical advancement, Golden Summit is progressing toward a PFS-level evaluation in 2027, positioning it as a long-life, large-scale gold development opportunity.

Management Team

Kristina Walcott – President, CEO & Director

Kristina Walcott has over 20 years of experience in the mineral exploration industry and has served as President and CEO of Freegold Ventures since 2009. She has led the company’s advancement of Golden Summit, overseeing resource growth, exploration strategy, and development progression.

Alvin Jackson – VP Exploration & Development & Director

Alvin Jackson is a professional geologist with over 40 years of experience in mineral exploration and mine development. He previously served as CEO/COO of EuroZinc Mining, which was acquired by Lundin Mining for approximately $1.6 billion.

Maurie Marks – VP Engineering

Maurie Marks is a mining engineer with extensive experience in mine design, technical studies, and cost estimation. She has led projects from early-stage scoping through feasibility and has significant experience in northern operating environments.

Gordon Steblin – Chief Financial Officer

Gordon Steblin has over 30 years of financial experience in the junior mining and exploration sector. He brings expertise in financial management, reporting, and corporate governance.

C. Paul Jago – Exploration Manager

C. Paul Jago is a professional geologist with extensive experience in exploration and mining operations. He has held senior roles with Centerra Gold, Amarc Resources, and Pacific Ridge Exploration.

David Knight – Chairman & Director

David Knight is a mining and securities lawyer with over 49 years of experience. He is a former senior partner at WeirFoulds LLP and has extensive expertise in mining transactions and corporate governance.

Ron Ewing – Director

Ron Ewing has over 30 years of experience in mining, exploration, and corporate development. He has held senior roles including executive vice-president at Lundin Mining and vice-president at EuroZinc.

Glen Dickson – Director

Glen Dickson has over 40 years of experience in mining and exploration. He is the former CEO of Cumberland Resources, which was acquired by Agnico Eagle Mines.

Garnet Dawson – Director

Garnet Dawson is a professional geologist with over 40 years of global exploration and production experience. He has held senior roles with EuroZinc and GoldMining Inc.

Maurice Tagami – Director

Maurice Tagami is a metallurgical engineer with over 40 years of experience in mining and mineral processing. He previously served as VP of Mining Operations at Wheaton Precious Metals.

Reagan Glazier – Director

Reagan Glazier has over 10 years of experience in the exploration sector. He is currently President and CEO of Pacific Bay Minerals and CEO of NeoTech Metals.

Vivienne Artz – Director

Vivienne Artz has over 20 years of experience in financial services. She is CEO of the FTSE Women Leaders Review and previously held senior roles at the London Stock Exchange Group, Refinitiv, and Thomson Reuters.