FREEMAN GOLD CORP. DELIVERS MAJOR 2025 ACHIEVEMENTS

The news release dated January 6, 2026, summarizes Freeman Gold’s operational and financial achievements throughout 2025. Key highlights include the completion of a 3,328-meter drilling program (33 holes) at the Lemhi Gold Project, which focused on resource conversion and exploring extensions to the north and south. Metallurgical results from Phase 4 testing were finalized, confirming an average gold recovery of 95.4% using conventional carbon-in-leach (CIL) processing. Financially, the company noted the closing of $10.5 million USD in strategic financing during the year. Most notably, the company provided an updated economic sensitivity analysis; at a gold price of $3,400/oz, the project’s post-tax NPV5% reaches approximately $876 million USD with a 57.4% IRR and a 1.6-year payback. The company remains on track to deliver an updated Mineral Resource Estimate (MRE) in Q1 2026 and a full Feasibility Study (FS) in April 2026.

The January 6, 2026, release is a high-level summary but serves as a material confirmation that the project is successfully transitioning from an exploration-stage asset to a development-ready asset. - Technical De-risking: The 95.4% metallurgical recovery is exceptionally high for a gold project and confirms the "free-milling" nature of the ore, which generally translates to lower processing complexity and risk. - Resource Continuity: Drilling results (specifically 8m @ 3.1 g/t Au) confirm high-grade continuity within the pit shell, which is essential for the upcoming Feasibility Study. - Economic Robustness: While the $3,400/oz gold sensitivity is aggressive, even the $2,200/oz base case ($329M NPV) remains robust relative to the company's current market valuation. - Timeline Execution: Management has maintained its timeline for the FS (April 2026), suggesting that the 2025 work programs (geotechnical, metallurgical, and drilling) did not encounter significant setbacks.

Freeman Gold Corp. is focused on the Lemhi Gold Project in Idaho, USA. The project is a near-surface, high-grade, oxide gold deposit. Idaho is a top-tier mining jurisdiction. The project consists of 11 patented claims (where the core of the deposit sits) and 332 unpatented claims. Because the core deposit is on patented (private) land, the permitting process is expected to be more streamlined than a typical project on 100% federal land. The current 2023 MRE stands at 988,100 oz Au (M&I) and 256,000 oz Au (Inferred).