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Freegold Ventures Limited

Contact: Kristina Walcott

Phone: 604-662-7307

Fax: 604-662-3791

PO Box 10351

Suite 888 – 700 West Georgia Street

Vancouver, BC V7Y 1G5 Canada

Hours of operation: Monday – Friday 9 AM – 5 PM

E-mail: [email protected]

The 2024 drill program is underway at Golden Summit after successfully raising capital in March. The objective is to identify higher-grade shallow mineralization and improve the overall resource grade. The 2023 drill season discovered higher-grade gold mineralization on the western side of the existing resource at a shallower depth. The plan is to continue drilling on the western part of the Dolphin/Cleary deposit and extend the drilling coverage further to the west. Three distinct geochemical trends have been identified. An updated mineral resource estimate based on the 2023 drill program is scheduled to be completed by the end of Q2 2024.The current pit-constrained primary mineral resource at Golden Summit (Feb. 2023), using a $1,792 gold price and a 0.45 g/t cut-off, is 12,011,000 oz @ 0.92 g/t Au (407,544,000t) indicated and 7,736,000 oz @ 0.85 g/t Au (282,303,000t) inferred.

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