Golden Summit Reports Forty-Nine Drill Holes Completed

VANCOUVER – Freegold Ventures Limited reported that it has completed 49 drill holes, totaling approximately 31,754m. A substantial number of assay results are still pending with results expected to be reported as they are finalized.
The 2025 drill program has several objectives: 1) To enhance and upgrade existing resources. 2) Explore areas for expanding current mineralization. 3) Define the mineralized boundaries, primarily in the Dolphin and Cleary Zones. These goals are being achieved through a combination of exploration, geotechnical, and metallurgical test holes. There is still significant exploration potential to the west and east of the known deposit.
The current infill drill program continues to validate and refine the resource block model, with results showing strong agreement with the current model.  As part of the lead up to the pre-feasibility study (PFS) work is also continuing to define an initial starter pit.
Metallurgical test work is advancing, and further metallurgical processes are being evaluated to potentially increase overall gold recoveries.
GS2523 is one of the southernmost holes drilled in the Dolphin Zone demonstrates the continuity and robust nature of the system, clearly indicating the potential to expand further and increase the overall grade at Golden Summit, and it remains open to the south and southwest. Furthermore, it is one of the broadest gold mineralized intervals within the intrusive seen to date.  Of particular significance is the intercept of 1.24 g/t gold over 277.1 meters, which includes a higher-grade zone of 3.63 g/t Au over 45.4 meters, consisting of sheeted quartz veinlets and rare visible gold almost entirely within the intrusive.
GS2509, GS2511 and GS2514 were all drilled in the southern portion of the WOW Zone. All three holes intersected significant zones of over 1.0 g/t Au mineralization, continuing to validate the WOW Zone’s potential to host higher-grade mineralization. Mineralization in the WOW Zone remains open to depth and along strike to the west and southwest.
The 2025 program continues to make significant progress, with assay results from over 24,000 metres still to be reported. Alongside the extensive drilling program, other work supporting the start of a Pre-Feasibility Study—including cultural resource assessments, paleontology, groundwater analysis, and studies on mammals and habitats—remain in progress.