Lemhi Shallow Oxide Gold Mineralization Extended To The East

VANCOUVER - Freeman Gold Corp. has received results for 11 diamond drill holes from the Company's 12,168 m Phase II resource expansion drill program at the Lemhi Gold Deposit, Idaho. Ten of these drill holes were designed to test mineralization on strike to the east of the known deposit (expansion holes) and one infill hole to improve the resource confidence in zones with historical drill holes.

The expansion holes represent 20 to 80 meter step outs to the east of existing drilling where mineralization is open. These areas were previously modeled as unmineralized due to lack of drilling in the initial maiden mineral resource estimate (MRE). The current MRE comprises an Indicated Mineral Resource of 22.94 million tonnes at 1.02 g/t Au for 749,800 oz of gold and an Inferred Mineral Resource of 7.68 million tonnes at 1.01 g/t Au for 250,300 oz of gold. The MRE covers a surface area of 400 by 500 meters and extends down to a depth of 180 meters below surface. The resource expansion holes that form the bulk of the current Phase II drill program are designed to extend this current resource both along strike and at depth.

Paul Matysek, Executive Chairman, said, "These first ten drill holes step out up to 80 meters along strike, adding approximately 20% to the known mineralized east-west strike length. This initial batch of results gives us confidence that we will increase our overall gold resource and likely improve the economics by adding crucial ounces within our eastern pit shell boundaries. Similar drilling has been completed to test the west and north extents of the deposit and we eagerly await the results."

All holes drilled to date have intersected shallow oxide gold. Selected highlighted results from the 10 holes are 0.61 g/t Au over 90m, including 0.92 g/t Au over 15.97m (FG22-009C); 0.94 g/t Au over 41m, including 1.67 g/t Au over 17m (FG22-014C); 0.73 g/t Au over 7.5m (FG22-002C; deepest mineralization drilled to date (340m) at Lemhi); and 2.1 g/t Au over 16m (FG22-016C). Gold mineralization now extends to at least 348 meters and is open at depth.

As of date, a total of 50 new core drill holes have been completed at Lemhi for a total of 12,168 meters. In addition, two reverse circulation (RC) holes totaling 402m were completed at Lemhi. These holes have been primarily designed to test on strike extensions of the known resource as well as infill in certain parts of the gold deposit. In particular, the drill program has focused on areas currently modeled as pit waste because of no or sparse drill data. All ounces added in these areas, even if close to the cut-off grade, will add value to the project as they come from zones in the resource shell that can now be upgraded to resources. An additional 20 holes or approximately 4,000 m have been planned as part of the Phase 3 RC drill program which is ongoing.