Maiden High-Grade Oxide Gold Resource Estimate For Lemhi Deposit

SALMON, ID - Freeman Gold Corp. reported results of the maiden Mineral Resource Estimate (MRE) conducted on its 100% % owned Lemhi Gold Project located in Idaho. All reported mineral resources occur within a pit shell optimized using values of US$1,550 per ounce of gold (Au). The Indicated and Inferred MRE are undiluted and constrained within an optimized pit shell, at a 0.5 gram per tonne ("g/t") lower cut-off. The 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 (Table 1). The MRE covers a surface area of 400 by 500 meters, extends down to a depth of 180 meters below surface, and remains open on strike to the north, south and west as well as at depth.

Will Randall, President and CEO, said, "This maiden resource estimate for Lemhi establishes the Lemhi Project as one of the few remaining undeveloped large, high-grade oxide gold deposits in the United States. The estimate exceeds our expectations, bringing several decades of work together, and setting the foundation for further drilling and engineering to both expand the resource and move it closer to the ultimate goal of establishing a low cost producer in a top ranked jurisdiction."