Golden Summit Project Ongoing Drill Program To Increase Resource Grade

VANCOUVER - Freegold Ventures Limited reported an additional 6 holes (3,925m) as part of the ongoing drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project  through systematic drilling. Holes GS2136, and GS2221 were drilled to the north in the Tolovana Area. Results from both holes demonstrate the potential for broad zones of higher-grade mineralization.  GS2221 was intended to intersect the downdip of the high-grade mineralization intersected in GS2121 where the bottom 62.4 meters (492.9m to 555.3m) averaged 4.54 g/t Au and included multiple high grade intercepts. GS2221intersected 73.1 m grading 4.26 g/t Au within the lower part of a broader mineralized zone.