Freegold Ventures Limited (Freegold) (FVL: TSX) is pleased to announce additional assay results from Freegold's current 10,000 metre drill program on its Golden Summit Project, near Fairbanks, Alaska.

GSDL2002, collared 150 metres to the east of GSDL2001 (3.69 g/t over 188 metres), was an independent test of Freegold's new interpretation of the potential for higher grade material to extend to the west of the old Cleary Hill Mine workings.

Hole GSDL2002 intersected 136 metres grading 1.02 g/t Au. A previous hole, (GSDL1201) drilled within the projected vein zone on the same section, averaged 1.3 g/t Au over the last 113 metres (from 209 - 322 m). Aimed at determining if the interpreted Cleary Hill vein system (CVS) may extend to depth within this area, GSDL2002 successfully intersected the projected downdip extension of the zone intercepted in GSDL1201. The zone remains open to depth and along strike.

About Freegold Ventures Limited

Freegold is a TSX listed company focused on exploration in Alaska and holds through leases the Golden Summit Gold Project, near Fairbanks as well the Shorty Creek Copper -Gold Project near Livengood.

Contact:

Tel: 1.604.662.7307

Email: jkw@freegoldventures.com

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