Freegold intersects 336.8 m grading 1.32 g/t Au starting from 26.5 m in Infill Drilling at Golden Summit

• Freegold Ventures reported significant infill drilling results from its Golden Summit Project in Alaska on June 17, 2026.
• Hole GS2562 (Dolphin Area) intersected 336.8 m grading 1.32 g/t Au starting from 26.5 m depth, including high-grade intervals of 36.0 m at 2.37 g/t Au and 96.0 m at 1.63 g/t Au.
• Additional intercepts include GS2601 (Cleary Area) with 131.0 m at 1.48 g/t Au, GS2603 (Cleary Area) with multiple intervals up to 5.76 g/t Au, GS2563 (Cleary Area) with 43.0 m at 0.79 g/t Au, and GS2602/GS2527 (WOW Zone) confirming western extension potential.
• The company is operating six active drilling rigs as part of a ~50,000 m 2026 program aimed at tightening infill spacing, defining higher-grade corridors, and supporting a Pre-Feasibility Study (PFS) targeted for early 2027.
• Engineering and environmental contractors (Tetra Tech Canada, Stantec) are advancing geotechnical, pit-slope, and baseline studies. Metallurgical testing continues to optimize the processing flowsheet.
• The July 2025 mineral resource estimate stands at 17.2 million oz Indicated at 1.24 g/t Au and 11.9 million oz Inferred at 1.04 g/t Au.

• The June 17 results are a direct continuation of the ~50,000 m 2026 drill program announced in January 2026.
• The intercepts confirm the expected scale, grade continuity, and structural control (CRCS fault) across the Dolphin–Cleary–WOW trend.
• No new discovery zones or unexpected grade/tonnage surprises are reported; the results align with management's stated objectives to de-risk the PFS and define a potential starter pit.
• The news is incremental and expected. It reinforces the project's development path but does not alter the PFS timeline, capital requirements, or near-term valuation drivers.
• Consequently, the market impact is expected to be limited, serving as a routine validation of the exploration program rather than a catalyst for immediate price appreciation.

• Freegold Ventures Limited is an exploration and development-stage gold company focused on the Golden Summit Project in the Fairbanks North Star Borough, Alaska, located approximately 6 km from Kinross’s Fort Knox Mine.
• The project hosts a July 2025 NI 43-101 resource of 17.2 million oz Indicated at 1.24 g/t Au and 11.9 million oz Inferred at 1.04 g/t Au at a 0.50 g/t Au cut-off.
• The company is advancing a systematic infill and step-out drilling program to convert Inferred resources to Indicated status, optimize pit shells, and feed a Pre-Feasibility Study targeted for early 2027.
• Metallurgical work has demonstrated >90% gold recoveries using gravity, flotation, and oxidation processes, with the GlassLock Process™ showing potential for high-grade concentrate and significant arsenic removal.