FREEMAN GOLD ENGAGES GSI ENVIRONMENTAL TO FAST TRACK LEMHI PERMITTING

The most recent news release dated January 13, 2026, announces that Freeman Gold has engaged GSI Environmental Inc. and Trinity Consultants, Inc. to fast-track the permitting process for the Lemhi Gold Project in Idaho. GSI will act as the lead permitting consultant, handling baseline studies, impact assessments, and NEPA compliance. Trinity Consultants will focus on air quality modeling and meteorological monitoring. This follows a January 6, 2026, update where the company summarized 2025 achievements, including 95.4% gold recoveries and an updated economic sensitivity showing a post-tax NPV5% of $876 million at $3,400/oz gold.

The engagement of environmental consultants is a routine but necessary operational step for a mining company transitioning from exploration to development. - De-risking: While not a "game changer," it signals that the company is confident enough in the project's economics to begin the expensive and lengthy permitting phase. - Alignment with Projections: This moves the project closer to the "construction-ready" status previously mentioned by management in July 2025. - Economic Validation: The January 6th news regarding 95.4% recoveries is more technically material than the consultant engagement, as it confirms the "simple flowsheet" thesis required for the Feasibility Study (FS). - Timeline: The company remains on track for an updated Mineral Resource Estimate (MRE) in Q1 2026 and the completion of the FS in April 2026.

Freeman Gold Corp. is focused on the Lemhi Gold Project in Idaho, USA. The project is a near-surface, pit-constrained, oxide gold deposit. - Ownership: 100% (Final option payment made August 2025). - Location: Lemhi County, Idaho, a mining-friendly jurisdiction. - Resource (2023): 988,100 oz Au (M&I) at 1.0 g/t; 256,000 oz Au (Inferred) at 1.04 g/t. - Economics (PEA Update): After-tax NPV5% of US$329M at US$2,200 gold. - Infrastructure: Includes 11 patented claims and 332 unpatented claims.