FREEMAN GOLD TO ATTEND IDAHO MINING CONFERENCE AND ANNOUNCES COMPLETION OF DRILL PROGRAM FOR Q1 2026 FEASIBILITY STUDY

The most recent news release from October 24, 2025, announces two key updates for Freeman Gold Corp. First, the company will attend the Idaho Mining Conference on October 27-28, 2025, for investor relations and marketing purposes. Second, Freeman Gold has completed its planned 2,860-meter, 30-hole infill and exploration drill program at the Lemhi Gold Project. This program, which included both Reverse Circulation and Diamond Drilling, aimed to convert inferred ounces to Measured and Indicated categories and explore northern/southern extensions and the Beauty zone. Samples from the drilling, including three additional core holes totaling 468 metres, have been sent to ALS Global Laboratories for analysis. Concurrently, the company is progressing with its Phase 4 metallurgical study, a component of the ongoing Feasibility Study expected in Q1 2026.

The completion of the drill program and progress on the metallurgical study are important operational milestones that demonstrate the company is adhering to its project development timeline for the Lemhi Feasibility Study (FS), which is targeted for Q1 2026. This news is in line with previous expectations and planned activities.

In the context of recent historical news: - Strong Financial Position: This news follows significant financial improvements. The company recently secured $4.8 million from warrant exercises (July 15, 2025), which was stated to fully fund the Feasibility Study, and an additional $10.5 million from a private placement and convertible debenture offering (July 17, 2025, closed Aug 7 & 18, 2025) for permitting the Lemhi project. This addresses the previously concerning low cash balance seen in the May 31, 2025, financial statements. - Positive Drill Results: The completed drill program incorporates results from earlier announcements (Sept 15 & 23, 2025) which reported high-grade and wider-than-anticipated gold intercepts, bolstering the case for expanding and upgrading the mineral resource estimate (MRE). The current announcement of completion means these positive results can now be fully incorporated into the updated MRE that will feed into the FS. - Strategic Investor Endorsement: Just two days prior (Oct 22, 2025), Brian Paes-Braga, a recognized strategic investor, acquired 5 million shares at $0.2108, bringing his stake to over 5%. This significant investment, at a price above recent financing levels, provides a strong vote of confidence in the project's value. - Project Advancement: Freeman Gold has also secured 100% ownership of the Lemhi project (Aug 26, 2025) and made progress on key permitting aspects like water quality monitoring completion and a land interchange application.

While the completion of the drill program and ongoing metallurgical work are routine steps in the feasibility study process, they are critical to the overall progression of the project. This news confirms the company's diligent execution on the technical front, building upon a series of recent material positive developments that have significantly de-risked and re-rated the company. The material impact of this specific news is routine positive as it confirms execution of previously announced plans, rather than announcing new, unexpected positive developments.

Freeman Gold Corp. (TSXV: FMAN) is a Canadian gold exploration and development company. Its flagship asset is the 100% owned Lemhi Gold Project, located in Lemhi County, Idaho, USA. The project spans 30 square kilometers and is characterized by a near-surface oxide gold resource.

Key details about the Lemhi Gold Project: - Mineral Resource Estimate (MRE 2023): NI 43-101 compliant, pit-constrained resource. - Measured & Indicated (M&I): 988,100 ounces of gold at an average grade of 1.0 g/t Au (30.02 million tonnes). - Inferred: 256,000 ounces of gold at an average grade of 1.04 g/t Au (7.63 million tonnes). - Preliminary Economic Assessment (PEA 2023, updated April 2025): - Base Case Gold Price: US$2,200/oz Au. - After-tax NPV5%: US$329 million. - Internal Rate of Return (IRR): 28.2%. - Initial Capital Expenditure (CAPEX): US$215 million. - All-in Sustaining Costs (AISC): US$1,105/oz Au. - Average Annual Gold Production: 75,900 oz Au over an 11.2-year mine life. - Metallurgy: Testwork indicates high gold recoveries (greater than 95%) using conventional carbon-in-leach (CIL) processing, with significant gravity recoverable gold. - Development Stage: The project is advancing towards a Feasibility Study (FS), which is being led by Ausenco Engineering Canada ULC and is expected to be completed in Q1 2026. - Permitting: The company has made progress on critical environmental baseline data collection (water quality monitoring completed) and has applied for a strategic land interchange with the US Forest Service to streamline future development. The project benefits from government executive orders aimed at fast-tracking domestic mineral production.