Higher-Grade Intersections Continue At Golden Summit

VANCOUVER – Freegold Ventures Limited reported on additional drill holes at the Golden Summit project. To date, the company has completed 43 drill holes, totaling approximately 28,000 meters, with an additional five holes currently in progress. A substantial number of assay results are still pending.
The 2025 drill program is designed with multiple objectives: to continue infilling and upgrading existing resources, to explore areas for expansion of existing mineralization, and to define the mineralized boundaries primarily in the Dolphin/Cleary Zones. These objectives are being addressed through a combination of exploration, geotechnical, and metallurgical test holes.  Significant exploration potential remains to the west of the known deposit.
Metallurgical testwork is advancing, and further metallurgical processes are being evaluated to potentially increase overall gold recoveries.
GS2520 was drilled as an infill hole in the northern part of the Dolphin Zone. Results from this hole demonstrate the potential for higher-grade mineralization closer to the surface in the northern portion of the Dolphin deposit. Notable intercepts include 8.18 g/t Au over 18m from a depth of 43m, as well as 1.13 g/t Au over 322.2m, which includes a higher-grade zone averaging 2.38 g/t Au over 104.6m.
GS2507 and GS2512, two PQ core holes from the current program, were drilled to the north and both intersected broad zones of higher-grade mineralization. GS2507 returned 1.07 g/t Au over 99m from 294.1m. GS2512 intersected 184.4m grading 0.81 g/t Au at a shallower depth, well above the current resource cut-off grade of 0.5 g/t Au, and also returned an intersection of 1.33 g/t Au over 59.4m from 512.7m. This demonstrates the continued potential for mineralization at depth.
GS2506 was drilled to the north to infill the deposit in the Cleary area further. It continues to show the potential for broader zones of higher-grade mineralization, intersecting 1.62 g/t Au over 45.7m.
Flotation testing continues for the master composite. Initial locked-cycle tests have shown gold recovery rates exceeding 95%, utilizing gravity and cleaner flotation with the sulphide concentrate accounting for less than 5% of the total mass, thereby minimizing the volume that needs further oxidation. These results will be incorporated into a small pilot plant program at BaseMet to produce a substantial amount of concentrate for upcoming oxidation optimisation studies. These studies will be ongoing over the next several months.
Flotation tailings from this process have also passed the EPA TCLP procedure 1311, with all leachate concentrations for metals falling below maximum allowable limits, confirming environmental compliance. Further investigations are ongoing to better understand and characterize the environmental impact of all flowsheet products and tailings.