FREEMAN GOLD DRILLS 0.37 G/T AU OVER 120.4 METRES INCLUDING 0.85 G/T AU OVER 41.2 METRES NEAR SURFACE AT THE LEMHI GOLD PROJECT

Executive Summary

• Freeman Gold reported significant RC drilling intercepts from its 2025 program at the Lemhi Gold Project, including a 0.37 g/t Au over 120.4 m interval and a higher‑grade 0.85 g/t Au over 41.2 m near‑surface zone.
• The results are intended to convert inferred resources to measured/indicated status within the PEA pit shell and will feed an updated mineral resource estimate for the ongoing Feasibility Study.
• Management highlighted that most of the intercepts occur in the top 100 m, suggesting strong potential to increase the project's resource base and improve economics.

Key Details

• Program Overview: ~2,860 m drilled in 30 RC holes; 1,820 m (23 holes) targeted at converting inferred ounces to measured/indicated within the PEA pit shell.
• Key Intercepts (selected):
• FG25‑017RC: 0.37 g/t Au over 120.4 m (incl. 0.85 g/t Au over 41.2 m) from –50 m to 126.5 m; also 5.2 g/t Au over 3.1 m at 54.9‑59.1 m.
• FG25‑018RC: 1.2 g/t Au over 19.8 m (incl. 2.5 g/t Au over 9.1 m) from –90 m to 35 m.
• FG25‑020RC: 0.68 g/t Au over 6.1 m from 57.9‑64 m; broader 0.35 g/t Au over 7.6 m interval.
• FG25‑022RC: 2.1 g/t Au over 9.2 m (incl. 0.6 g/t Au over 42.7 m) from –70 m to 50.3 m.
• Depth Range: Intercepts span from near surface (–50 m) down to ~150 m depth, with the majority within the first 100 m.
• Assay Methodology: Samples analyzed by fire assay at ALS Global Laboratories (ISO‑9001:2008); QA/QC program includes ≥10 % duplicates, blanks and standards per shipment.
• Purpose of Results: To underpin an updated NI 43‑101 mineral resource estimate for use in the Feasibility Study currently being prepared.
• CEO Comment: Bassam Moubarak stated the results “demonstrate continued exploration potential beyond the northern extent of the 2023 PEA pit shell” and are expected to increase the resource base for the Lemhi Feasibility Study.

Notable Quotes

“These drilling results demonstrate there is continued exploration potential beyond the northern extent of the 2023 PEA pit shell. Furthermore, these promising near‑surface results, with the majority within the first 100 metres, will likely increase the resource base for the Lemhi Feasibility Study currently being prepared.” – Bassam Moubarak, CEO

Materiality Assessment: Material – Positive (the drill intercepts are substantial and directly impact the forthcoming updated resource estimate and feasibility study).