Mining Water Rights Awarded For Lemhi Gold Deposit

VANCOUVER - Freeman Gold Corp. has received approval of a Permit to Appropriate Water. The Permit No. 75-15005 was approved May 23, 2022, by the Idaho Department of Water Resources ("IDWR"). Freeman's Water Rights are the only registered groundwater right in the Lemhi Gold Deposit's basin. The application's water usage of 0.54 cubic feet per second was based on typical maximum consumption rates for gold mining operations of up to 100,000 ounces of gold per year. The usage rates are subject to change and Freeman can submit an application to amend (increase) the authorization, if required, as the Lemhi Gold Project advances through engineering and economic studies.

"The approval is another key component of the development of the Lemhi Gold Deposit," said, Will Randall, CEO. "These Water Rights concede Freeman the ability to use up to 0.54 cubic feet per second of water for a gold mining operation from aquifers that do not have any other conceded water permits. This is a crucial step in de-risking the project and demonstrates the value of mining-friendly tier-one jurisdictions such as Idaho."

The Permit allows for ground water use in Township 26N, Range 21E sections 28, 29, 32, 33 of 0.54 cubic feet per second ("CFS"; 242 gallons/min) and a maximum of 6,500 gallons per day for domestic use. The permit is a preliminary order issued pursuant to Rule 730 of the IDWR's Rules of Procedure. It can and will become a final order unless a party petitions for reconsideration, files an exception and brief, or requests a hearing.