Japan Gold Intersects High-Grade Silver Mineralization at the Saroma Prospect

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce drilling at the Saroma prospect has encountered multiple intersections of high-grade silver with gold mineralization along a 1 km length of the Saroma vein. The Saroma vein forms part of a larger, 3.5 km long open-ended district-scale mineralized structure which hosts the Saroma, Chitose and Taiho historical workings, collectively called the Saroma prospect. Saroma is one of several prospects the Company is advancing within its 100% owned Ikutahara Project in Hokkaido, Japan.

Highlights:

High-grade silver with gold mineralized intervals include:

IKDD22-012

1.05 m @ 1.3 g/t Au & 1,449.5 g/t Ag (19.0 AuEq) from 90.55 m
(incl. 0.4 m @ 3.2 g/t Au & 3,570.0 g/t Ag (46.7 AuEq) from 90.8 m)

IKDD22-010

3.1m @ 0.4 g/t Au & 475.7 g/t Ag(6.2 AuEq) from 104.75 m
(incl. 1.0 m @ 0.6 g/t Au & 1,128.8 g/t Ag (14.3 AuEq) from 105.5 m)

IKDD22-009

4.1m @ 0.7 g/t Au & 124.8 g/t Ag (2.2 AuEq) from 55.65 m
(Incl. 0.75m @ 2.7 g/t Au & 425.0 g/t Ag (7.9 AuEq) from 56.25 m)
(Refer to Table 1 for more detailed assay data).

All six drill holes intersected significant quartz vein zones up to 8 m wide proving continuity of a robust vein hosting structure along a 1 km section of the Saroma vein.

Vein intervals show a range of textures including colloform-crustiform-ginguro banding with overprinting vein breccia events indicating a dynamic multi-phase hydrothermal system.

Quartz textures are predominantly chalcedonic with lesser crystalline phases indicating the system is well preserved and open to depth below the shallowly developed workings.

Detailed mapping has confirmed multiple vein zones with broad silicification envelopes along a 3.5 km long mineralized corridor which hosts the Saroma, Chitose and Taiho historical workings.

The Saroma prospect structure remains open an additional 5 km southwest towards the historical Jomon mine workings where numerous quartz boulders sampled in a small open pit reported grades averaging 25 g/t gold and 50 g/t silver.

"The confirmation of wide coherent chalcedony-rich veins, and high-grade silver with gold intersections along an open-ended district-scale structure are very encouraging outcomes from the initial drill program at Saroma. Both gold and silver biased mineralization events are seen in adjacent prospects including Showa, Ikutahara, and Taihoku, and along the same structure 5 km to the SW at the under-explored Jomon workings. It is assumed the same gold rich events occur at the Saroma prospect based on historical production data. Large epithermal vein deposits require large fluid pathways which is what we are seeing in the cretaceous basement host rocks at Saroma. Typically, not all the quartz in such extensive vein systems is well mineralized and next year's programs will target gold-rich shoots via staged soil sampling and geophysics to rapidly commence additional drilling," commented Andrew Rowe, Japan Gold's VP of Exploration.

Drilling Summary & Findings

The 1.2 km long vein at Saroma is located at the northeast end of an open-ended 3.5 km long mineralized structure which includes the Saroma, Chitose and Taiho mine workings, Figures 1, 2 & 3. Between July and September this year, 6 diamond drillholes were completed along a 1 km long section of the Saroma vein for a total of 1,309 m, Table 2.

Drilling has advanced the understanding of structural controls, alteration zonation and minerology at Saroma. Saroma comprises multiple veins within a large continuous structure, which were successfully intercepted in all six drillholes along a 1 km strike length, and to a depth 130m below surface, Figure 4 & 5. Importantly, vein widths up to 8 meters (true width) have been intersected with high-grade silver, and gold mineralization. Quartz veining exhibits impressive chalcedony-rich low-sulphidation epithermal vein textures, indicating good preservation of the vein system. Wide coherent veins intercepted in the southwestern holes: IKDD22-009; 010; 012 and 013 show an average true width of 7.0 m. In the two north-eastern drill holes IKDD22-011 and 014, more dispersed zones of sheeted and stockwork veining up to 21 m in down hole length were encountered with individual veins up to 2 m in down-hole width. This splaying of veins in the northeast is potentially indicative of a step-structure where the host structure is stepping over to coalesce into a more coherent structure further along strike. Silicification at surface to the north may support this potential extension at depth.

Quartz veins at Saroma show a diverse range of low-sulfidation epithermal textures, brecciation and minerology suggesting a dynamic system with multiple fluid phases amenable to gold deposition, Figures 6a & b. High level chalcedony-rich vein textures are observed in the deepest holes IKDD22-10 and IKDD22-13 indicating that the current drill intercepts are within the mineralization window and further drill testing down dip is warranted. Vein textures and the geometry of higher-grade mineralization identified along the Saroma vein trend may be indicative of a southwest plunge to mineralization towards the Chitose and Taiho prospects 500 and 1,500 m to the southwest. Reconnaissance mapping along the Saroma structure in 2016 by the Company found surface rock samples up to 10.85 g/t gold and 136 g/t silver. Recent detailed mapping has confirmed veining with broad silicification envelopes at Chitose and Taiho and banded chalcedony veins outcrops up to 5 m wide at the latter.

The historical Jomon workings are located another 5 km southwest of the Taiho workings on what appears to be the continuation of the Saroma structure, Figure 3. Information on mining here is limited but sampling of numerous quartz boulders in a small open pit report grades averaging 25 g/t gold and 50 g/t silver¹. In 1933 an underground cross-cut was excavated to locate the source of the boulders but results are unknown.

Forward Plans

2023 work programs will aim to delineate high-grade gold and silver shoots along the Saroma structure and towards the Jomon workings. Staged work programs will include detailed mapping with soil sampling to identify precious and path-finder element anomalies for focussed CSAMT geophysical surveying. Targets developed by this work will be ranked to guide drilling.

Saroma Prospect

Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose gold workings were developed on epithermal veins that step along a northeast trending fault zone which extends for at least 3.5 km along the Saroma valley, Figures 1-3. Operated during the 1930's, records show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933 to 1939². There are no production records from the Taiho and Chitose workings, however, exploration and mining was reported from these latter two areas immediately prior to the 1943 gold mining moratorium.

Table 1 Significant mineralized intercepts for IKDD22-009 to IKDD22-014 based on down-hole lengths

Drill Hole Number	From (m)	To (m)	Length (m)	Au g/t	Ag g/t	Au Eq g/t	Structure
IKDD22-09	31.7	32.05	0.35	0.5	14.6	0.7	Hanging wall splay
	55.65	59.75	4.1	0.7	124.8	2.2	Saroma Main Vein
Incl.	55.65	57.00	1.35	1.7	302.4	5.4	Saroma Main Vein
	56.25	57.00	0.75	2.7	425	7.9	Saroma Main Vein
IKDD22-10	41.65	42.0	0.35	0.2	7.37	0.3	Hanging wall splay
	98.75	100.35	1.6	1.2	56.5	1.9	Saroma Main Vein
Incl.	99.4	100.15	0.75	2.1	88.8	3.2	Saroma Main Vein
	104.75	107.85	3.1	0.4	475.7	6.2	Saroma Main Vein
Incl.	104.75	106.5	1.75	0.6	833.8	10.7	Saroma Main Vein
	105.5	106.5	1.0	0.6	1,128.8	14.3	Saroma Main Vein
IKDD22-11	121.55	122.05	0.5	0.2	150.4	2.0	Saroma Main Vein
Incl.	121.8	122.05	0.25	0.3	234.0	3.1	Saroma Main Vein
	147.6	148.8	1.2	0.5	25.9	0.8	Saroma footwall
IKDD22-12	88.9	89.3	0.4	2.4	37.9	2.9	Saroma Main Vein
	90.55	91.6	1.05	1.3	1,449.5	19.0	Saroma Main Vein
Incl.	90.8	91.2	0.4	3.2	3,570.0	46.7	Saroma Main Vein
IKDD22-13	46.15	46.6	0.45	0.4	1.2	0.4	Hanging wall splay
	120.85	123.4	2.55	0.5	6.0	0.6	Saroma Main Vein
Incl.	123.1	123.4	0.3	1.0	2.1	1.1	Saroma Main Vein
IKDD22-14	94.55	94.90	0.35	0.2	1.0	0.2	Saroma Main Vein
	143.85	144.30	0.45	0.2	4.0	0.2	Saroma footwall

Gold equivalent (AuEq) = (Ag g/t / 82.4) + Au g/t. This calculation was based on an average of gold and silver prices for the month of November 2022.

Table 2: Saroma prospect drill hole data

Hole ID	Azimuth (true north)	Dip	Collar Easting	Collar Northing	Elevation (m)	Length (m)
IKDD22-09	305	-50	709060	4862202	255.0	324.4
IKDD22-10	305	-75	709060	4862202	255.0	158.1
IKDD22-11	285	-50	709594	4862731	225.5	313.0
IKDD22-12	310	-50	709185	4862303	254.0	162.4
IKDD22-13	310	-68	709185	4862303	254.0	150.9
IKDD22-14	285	-45	709682	4862873	219.7	200.0
Total 1,308.8

References:

¹Gold Mines of Japan, 1989. The Mining & Materials Processing Institute of Japan.

²Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern Hokkaido Area B - Metalliferous Deposits Overview. Japan, Resource Geology, 46(3), pp 151-166.

On behalf of the Board of Japan Gold Corp.

"John Proust"

Chairman & CEO

Qualified Person

The technical information in this news release has been reviewed and approved by Japan Gold Vice President of Exploration, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.

Sampling Techniques and Assaying

The drilling results discussed in this news release are from drill core samples obtained by PQ, HQ and NQ-size triple-tube diamond core drilling using a PMC700 and PMC-400 man-portable drill rigs owned and operated by the Company. The drilling program was fully supervised by Company senior geologists at the drilling site.

Drill core was collected in plastic core-trays at the drill site and transported by road in Company vehicles to its core shed storage facility in the nearby Ikutahara Village, located centrally within the project area. The drill core was carefully logged, photographed and sample intervals marked-up along predicted mineralized and selected unmineralized intervals by Japan Gold KK senior project geologists.

Sample lengths varied from 0.15 to 1.0 m; depending on the positions of geological contacts and variations in vein texture and composition. The core was split by diamond rock saw supervised by project geologists. Half-core sample was collected from the entire length of each designated sample interval and placed into individual-labelled, self-sealing calico bags for secure packaging and transport to the laboratory. The half-core samples weighed between 0.25 to 5 kg depending on the sample length and core size. A Chain-of-Custody was established between the Company and receiving laboratory to ensure the integrity of the samples during transportation from site to the lab. The samples were sent in batches to ALS Laboratories in Vancouver, Canada for sample preparation and assaying.

Samples were crushed, pulverised and assayed for gold 50 g charge Fire Assay / AAS Finish (Au-AA24; 0.005 ppm lower detection limit) and a 48 multi-element by 4-acid digest with ICP-MS determination (ME-MS61L; Ag 0.002 ppm lower detection limit). Over-limit Au and Ag samples were re-assayed by fire-assay and gravimetric finish (GRA-22, LDL of 0.5 and 5 ppm for Au and Ag respectively).

Certified Reference Materials (CRMs) were inserted by Japan Gold KK at every 20th sample to assess repeatability and assaying precision of the laboratory. In addition, the laboratory applied its own internal Quality Control procedure that includes sample duplicates, blanks & geochemical standards. They report these results with the certified Assay Report. Laboratory procedures and QAQC protocols adopted are considered appropriate. The CRMs and internal QC-QA results fall within acceptable levels of accuracy & precision and are considered to lack any bias.

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects. The Company holds a portfolio of 31 gold projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization. Japan Gold's leadership team represent decades of resource industry and business experience, and the Company has an operational team of geologists, drillers and technical advisors with experience exploring and operating in Japan. More information is available at www.japangold.com or by email at info@japangold.com

For further information please contact:

John Proust
Chairman & CEO
Phone: 778-725-1491
Email: jproust@japangold.com
Website: www.japangold.com

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2021 and 2022 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

Figure 1: Ikutahara and Kanehana Projects with simplified geology, and historical mines and workings.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/147975_c60e5b4614abdae0_001full.jpg

Figure 2: Saroma prospect showing area of drilling at the Saroma vein and potential extension of the Saroma structure southwest towards the Jomon workings.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/147975_c60e5b4614abdae0_002full.jpg

Figure 3: Saroma prospect, simplified geology, prospect locations and drill hole locations and significant intersections.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/147975_c60e5b4614abdae0_003full.jpg

Figure 4: Saroma prospect: long section with mineralized intersections.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/147975_c60e5b4614abdae0_004full.jpg

Figure 5: Saroma Mine: cross sections of drill holes IKDD22-009 & 010 and IKDD22-012 & 013 with mineralized vein intercepts.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/147975_c60e5b4614abdae0_005full.jpg

Figure 6a: Quartz vein intersection from IKDD22-010 with mineralized intervals

view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/147975_c60e5b4614abdae0_006full.jpg

Figure 6b: Quartz vein intersection from IKDD22-012 with mineralized intervals

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https://images.newsfilecorp.com/files/5665/147975_c60e5b4614abdae0_007full.jpg

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Japan Gold TSXV:JG Precious Metals Investing

JG:CA

Japan Gold Announces 2022 Annual General Meeting and Investors Webinar

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") will hold its Annual General Meeting ("AGM") virtually on Thursday, October 20, 2022 at 3:00 p.m. (PT) at https:meetnow.globalMXNMPNU. Following the formal portion of the AGM, Management will also discuss the Company's ongoing drilling progress and the selection of 6 projects by Barrick Gold Corporation. The discussion will be followed by a question and answer period.

Registered Shareholders and duly appointed proxyholders can attend the AGM online to participate, vote, or submit questions during the AGM's live webcast. In order to participate online, Registered Shareholders must have a valid 15-digit control number and proxyholders must have received an email from Computershare Trust Company of Canada OR Computershare Investor Services Inc. containing an Invite Code.

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Horizon Minerals Limited Phillips Find Mining Update

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an update on the development of the Phillips Find Gold Project ("Phillips Find").

HIGHLIGHTS

- Joint Venture (JV) Agreement executed with BML Ventures Pty Limited (BML) to develop and mine two open pits at Phillips Find

- All management, technical, operational and maintenance roles to be undertaken by BML with oversight by the Company

- Low financial risk JV structure with BML to fund all project costs, with net cashflow after the asset recovery and repayment of costs to be split 50/50 between Horizon and BML

- Mining Proposal submitted to the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to develop Phillips Find lodged in early June 2024 with approval expected shortly

- The Mining Proposal is the last key approval required to develop Phillips Find

- Existing 200kt Toll Milling Agreement executed with FMR Investments in May 2024 to be utilised for Phillips Find JV ore

- In light of awaiting final permitting, the milling schedule has been renegotiated with PhillipsFind ore treated at FMR Investments Greenfields mill from February 2025 to June 2025

- Timing of cashflows to Horizon are expected to be unaffected as initial cash from gold revenue will repay BML's working capital prior to splitting out surplus net cashflows on a 50/50 asis towards the end of the project

- Pre-production planning is well advanced, with clearing and site establishment crews and the200 tonne excavator ready to mobilise to site from mid-September 2024 subject to Mining Proposal approval.

About Horizon Minerals Limited:

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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Freegold Expands and Upgrades Resource at Golden Summit

Base case resource ounces and grades have increased materially from our February 2023 estimates
Indicated Primary Mineral Resource: 12.1 million ounces at 1.08 g/t Au, up 8% and 9% respectively
Inferred Primary Mineral Resource: 10.3 million ounces at 1.04 g/t Au, up 45% and 13%, respectively
Primary Resource reported above a 0.50 g/t Au cut-off grade
In addition, a significant oxide resource exists – 0.9Moz at 0.49 g/t Au (indicated), up 43% and 23%
Soil geochem and historical hard rock mines strongly suggest that Dolphin-Cleary mineralization remains open to the west and southwest another 1.5 km. The current resource footprint is 1.5 km east-west.
Dolphin/Cleary is just one of the target areas within the 13km long, road-accessible project.
The 2024 drill program at Golden Summit is ongoing with two drills operating – additional assay results pending

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) ("Freegold" or the "Company") is pleased to announce an updated mineral resource estimate for the Golden Summit Project. The revised estimate incorporates data from the 2023 drilling program and the initial two holes of the 2024 program, representing a significant milestone in our exploration and development activities.

CutOff Au g/t	Classification	Au g/t	Tonnes	Ounces
OXIDE
0.15	Indicated	0.49	59,414,000	937,000
0.15	Inferred	0.45	3,252,000	47,000
PRIMARY
0.5	Indicated	1.08	346,304,000	12,050,000
0.5	Inferred	1.04	308,311,000	10,306,000
UNDER PIT
0.75	Indicated	1.29	2,867,000	119,000
0.75	Inferred	1.34	22,900,000	986,000

Mineral Resources for the primary resources are reported at a cut-off grade of 0. 5 0 g/t gold and constrained within an open pit shell using a gold price of US$1, 973 /ounce, US$2.50/t mining cost, US$ 14 /t processing cost, US$2.00/t G+A, 72 % gold recover y , and a 45° pit slope. Tonnes and ounces rounded to the nearest thousand.

Comparison Sept 2024 and Feb 2023 Resource Estimates

	Indicated Primary Resource - Open Pit			Inferred Primary Resource - Open Pit			Oxide Indicated
	Moz	gpT	Cutoff Grd	Moz	gpT	Cutoff Grd	Moz	gpT	Cutoff Grd
Feb-23	11.1	0.99	0.5	7.1	0.92	0.5	0.7	0.39	0.15
Sep-24	12.1	1.08	0.5	10.3	1.04	0.5	0.9	0.49	0.15
Change	8 %	9 %		45 %	13 %		43 %	26 %

The updated resource is the result of primarily infill drilling, upgrading areas considered waste in the February 2023 drill program due to lack of drill density. Ounces and grades increased materially in all categories considered within an open pit context. It is expected that further infill drilling may also positively impact stripping ratios when a mine plan is optimized. Freegold's 2024 drill program is focusing on the west and southwest of the existing resource where soil geochemistry, found to be a strong indicator, and historic gold mines have outlined two logical corridors that extend approximately 1.5 km; in context, Golden Summit's current resource occupies a 1.5 km east-west footprint.

The current estimate is based on a gold price of $1,973 , which reflects the three-year trailing average. Even though the 2024 resource estimate uses a higher gold price than the $1,792 in 2023, this is balanced by a lower recovery rate (72% vs. 90%). Previously, the 2023 resource plan considered using CIL (carbon-in-leach) and oxidation to process the sulphide flotation concentrate for higher recoveries. However, positive test results released earlier this year indicate that a significant portion of the mineralization is non-refractory and can be processed using much less costly gravity and CIL. Although the recovery is projected to be lower, the overall operating and capital cost savings would more than compensate and simplify the project substantially. The 72% recovery used for the resource is believed to be conservative. The reported test work showed recovery rates of up to 87.5%, with an average recovery of 77% using gravity and CIL, based on 5,100 kg of material and eight composites. Furthermore, initial indications are that mineralization to the west, where our 2024 drill program is concentrated, achieves higher recoveries. Additional optimization work and metallurgical samples from four large-diameter drill holes completed will be used for further metallurgical testwork.

The latest resource estimate shows an increase in the resource size and a notable improvement in grade. The discovery cost remains exceptionally low at under $4.00 per ounce. Golden Summit has a substantial resource and presents an excellent development opportunity due to its proximity to robust infrastructure - road accessibility, proximity to a supply centre, and available labour force, all of which are expected to contribute to lower operating costs.

Additional drilling will focus on improving the ore quality and outlining a smaller, higher-grade starter pit within the deposit as the project moves towards pre-feasibility to reduce operating and initial capital costs. The updated resource's results demonstrated this approach's success with its increase in overall resource grades at the various cut-offs. Trade-off studies will be conducted to optimize the overall economics and balance improved recovery rates with capital and operating costs as the project progresses. Additional metallurgical work is also in progress, and four large diameter (PQ) boreholes have been drilled this year. These will undergo a comprehensive suite of metallurgical tests to assess various processing methods to improve recoveries and further reduce the project's risks.

Since 2020, Freegold has completed over 123,000 meters of drilling and established Golden Summit as one of North America's largest undeveloped gold resources.

The 2023 drill program at Golden Summit discovered higher-grade mineralization on the western side of the existing resource. In 2024, the plan is to continue drilling on the portion west of the Dolphin/Cleary deposit and extend exploration drilling further to the west. The 2024 drilling program at the Golden Summit project is progressing well; additional assay results are expected to be reported shortly.

The table below displays the specific cut-off grades within and below the current $1,973 pit.

CutOff Au g/t	Classification	Au g/t	Tonnes	Ounces
OXIDE
1.00	Indicated	1.73	4,745,000	265,000
1.00	Inferred	1.77	127,000	7,000
0.75	Indicated	1.35	8,430,000	366,000
0.75	Inferred	1.17	359,000	14,000
0.50	Indicated	0.97	17,324,000	541,000
0.50	Inferred	0.84	919,000	25,000
0.40	Indicated	0.81	24,758,000	647,000
0.40	Inferred	0.72	1,322,000	31,000
0.15	Indicated	0.49	59,414,000	937,000
0.15	Inferred	0.45	3,252,000	47,000
PRIMARY
1.00	Indicated	2.07	99,704,000	6,628,000
1.00	Inferred	2.01	82,640,000	5,352,000
0.75	Indicated	1.55	174,604,000	8,694,000
0.75	Inferred	1.49	151,918,000	7,271,000
0.50	Indicated	1.08	346,304,000	12,050,000
0.50	Inferred	1.04	308,311,000	10,306,000
0.40	Indicated	0.92	461,582,000	13,711,000
0.40	Inferred	0.88	426,343,000	12,003,000
0.15	Indicated	0.66	778,574,000	16,609,000
0.15	Inferred	0.62	752,540,000	14,960,000
UNDER PIT
1.00	Indicated	1.89	1,193,000	73,000
1.00	Inferred	1.82	11,605,000	677,000
0.75	Indicated	1.29	2,867,000	119,000
0.75	Inferred	1.34	22,900,000	986,000
0.50	Indicated	0.84	7,958,000	216,000
0.50	Inferred	0.87	61,179,000	1,720,000
0.40	Indicated	0.66	14,765,000	313,000
0.40	Inferred	0.71	100,288,000	2,282,000
0.15	Indicated	0.35	64,264,000	720,000
0.15	Inferred	0.41	290,423,000	3,826,000

Mineral Resources for the primary resources are reported at a cut-off grade of 0. 5 0 g/t gold and constrained within an open pit shell using a gold price of US$1, 973 /ounce, US$2.50/t mining cost, US$ 14 /t processing cost, US$2.00/t G+A, 72 % gold recover y , and a 45° pit slope. Tonnes and ounces rounded to the nearest thousand.

The mineral resource estimate (MRE) was carried out using ordinary kriging of three-meter composites. The MRE was constrained by two lithological domains, Intrusive and Schist, that were further constrained by a 0.2 g/t gold gradeshell. Hard boundaries were used for the Intrusive and Schist domains so that only composites from each domain were used for the estimation of block grades within that domain. An Oxide domain was flagged within the upper portion of the Schist domain after the estimation process. Composite grades in the Intrusive domain were capped at 20 g/t gold and those within the Schist domain were capped at 90 g/t. Cumulative frequency curves were used to determine capping levels. The estimate was carried out in a single pass with a minimum of four and a maximum of 12 composites, with a maximum of two per drill hole, required for a grade to be interpolated into a block. Blocks were classified as Indicated or Inferred. Indicated blocks are based on a minimum of eight and a maximum of 12 composites within 100 meters of a block. Inferred blocks are based on a minimum of four and a maximum of 12 composites within 300 meters of a block. A maximum of two composites per drill hole was permitted in both categories.

In addition to the ongoing drill program, metallurgical, baseline environmental, cultural resource, and wetland studies are underway.

A plan map showing the locations of the 2024 drill holes - exploration and metallurgical holes can be found here:

https://freegoldventures.com/site/assets/files/6287/goldensummit_dolphin-cleary_resource_drilling_western_a.pdf

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. 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 fine 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.

A 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.

Qualified Person and Technical Information

The MRE, with an effective date of September 9, 2024 , was prepared by Tetra Tech Canada. Greg Mosher, P. Geo and Maurie Marks , P.Eng of Tetra Tech Canada are "Qualified Persons" for the Updated Mineral Resource Estimate as defined in NI 43-101 and are considered to be "independent" of Freegold for the purposes of NI 43-101. Greg Mosher and Maurie Marks have reviewed and approved the scientific and technical information herein regarding the Golden Summit project. Greg Mosher visited Golden Summit on November 11 – 12, 2022. Greg Mosher and Maurie Marks visited the project on September 12, 2023 .

The full technical report, which is being prepared in accordance with NI 43-101 by Tetra Tech Canada, will be available on SEDAR ( www.sedarplus.com ) under the Company's issuer profile within 45 days from this news release.

Alvin Jackson, P.Geo, Vice President of Exploration and Development of the Company and a "Qualified Person" as defined in NI 43-101, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein.

About Freegold Ventures Limited

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

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

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2024/10/c8722.html

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Galloper Appoints Hratch Jabrayan as New CEO and Director

Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF)(Frankfurt:W9F) (the "Company" or "Galloper") is pleased to announce the appointment of Mr. Hratch Jabrayan as the Company's new Chief Executive Officer. Mr. Jabrayan, who has extensive experience in the global mining sector including more than seven years with Dundee Precious Metals, has also joined the Galloper Board of Directors

Mr. Mark Scott, who has resigned from the CEO position, commented: "Hratch brings to Galloper impressive skill sets, a valuable global network, a proven industry and business track record, and a dynamic leadership approach. This will enable the Company to fully exploit the unique opportunities it has and build value for shareholders. It has been my pleasure to serve as CEO since Galloper's inception nearly three years ago, helping take the Company public in March of this year. I am very excited and confident in Galloper's future with Hratch taking the reign. He's a fresh face to investors in the junior gold market and I wish him the best of success."

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Drill Hole Number	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)
IKDD22-001	161.35	161.50	0.15	2.6	22.3
	193.70	194.15	0.45	4.0	14.6
incl.	193.70	193.95	0.25	6.6	18.0
	360.80	361.15	0.35	1.2	1.3
	390.00	390.25	0.25	4.2	10.0
IKDD22-002	164.50	164.60	0.10	4.3	2.4
	233.65	233.80	0.15	13.1	8.4
	280.95	281.35	0.40	19.0	15.7
incl.	280.95	281.15	0.20	34.6	25.0
IKDD22-003	198.45	199.35	0.90	1.1	1.2
IKDD22-004	No Significant Intersections
IKDD22-005	276.00	276.75	0.75	22.50	41.30
IKDD22-006	253.55	253.90	0.35	2.10	6.10
	309.20	309.40	0.20	1.50	1.40
IKDD22-007	245.45	245.65	0.20	4.60	7.40
	266.80	267.90	1.10	2.90	11.70
incl.	266.95	267.60	0.65	4.50	14.70
incl.	267.25	267.60	0.35	7.00	22.10
	285.60	286.40	0.80	2.50	19.40
incl.	286.00	286.25	0.25	4.40	24.10
	288.40	288.80	0.40	12.80	35.30
incl.	288.60	288.80	0.20	23.70	64.70

Drill Hole Number	Location	Easting	Northing	RL	Azimuth	Dip	Length
IKDD22-001	Buryu	700306.89	4872705.56	214.00	295	-40	683.00
IKDD22-002	Jinja	700367.00	4873243.00	199.00	0	-35	358.50
IKDD22-003	Shouei	700396.00	4873412.00	192.00	143	-50	307.30
IKDD22-004	Jinja	700367.00	4873243.00	199.00	350	-35	336.00
IKDD22-005	Taisei	700396.00	4873412.00	192.00	160	-41	418.80
IKDD22-006	Jinja	700367.00	4873243.00	199.00	13	-40	495.00
IKDD22-007	Ryuei	700307.31	4872792.21	216.00	325	-40	289.40
TOTAL							2,888.00

Japan Gold Intersects High-Grade Silver Mineralization at the Saroma Prospect

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