Freegold Ventures Limited continued to successfully intercept higher grade at its Golden Summit Project as two drill rigs continue to operate. In the Dolphin Cleary area 34 holes have been completed since March. Assays for 17 holes have now been reported.

Six holes have been completed in the Saddle Zone. Assays are pending. The 2023 program has multiple objectives: - delineating the extent of the mineralization to north of the Dolphin Cleary Zone, testing the potential for expansion to the west, expanding the higher-grade mineralization found within the Cleary Vein Swarm ("CVS") and initial reconnaissance drilling of the Saddle Zone.

Most of the holes in the Dolphin Cleary Zone reported to date have been mainly targeting the area to the north-northwest of the Dolphin intrusive. The current drilling is moving westward, targeting the Tolovana Vein swarm west of Willow Creek, where hole GS2335 is currently in progress, and multiple occurrences of visible gold have been observed. Recent drilling shows that a marble unit and significant faulting truncate the mineralization to the north in the Dolphin Zone.

Hole GS2304 drilled earlier this year intersected significant faulting and a marble unit. Subsequently, a north-south fence of holes (GS2304, G2312, GS2308 and GS2317) was drilled. Spaced approximately 100 metres apart and working from north to south, Holes GS2304, GS2313 and GS2308 all intersected this marble unit.

Hole GS2317 intersected a broad zone of higher-grade mineralization returning 181.9m grading 1.22 g/t Au from 211.5m to 393.4m updip from hole GS2111 (Section 478950E). GS2303, located 50 metres west of 478950E was another northern hole drilled earlier this year, and was aimed at delineating the limits of the mineralization to the north intersected 42.4 meters grading 0.65 g/t Au (99m - 141.4m). Additional holes drilled on the same section as GS2303 and spaced approximately 100 metres apart were drilled.

(GS2303, GS2313, GS2322 and GS2323). GS2313 again intersected a marble unit. Assays for GS2322 and GS2323 are pending.

Hole GS2314 located 150 metres west of 478950E was drilled to the west from the same pad as GS2309 which was drilled to the north. GS2314 returned 113.3 metres grading 5.42 g/t Au (385.7m to 499m) (uncut) - including 3.1 metres grading 160 g/t Au. Two significant high-grade intercepts were encountered in this hole, 82.5 g/t Au over 2.1 metres from 293.6m to 296m and 3.1 metres grading 160 g/t Au (495.9m - 499m).

This hole in conjunction with, Freegold's previous westerly hole (GS2241 - which intersected 88.7m grading 1.43 g/t) combined with strong gold in soil geochemistry, have acted as further evidence to support the idea that there remains significant expansion potential to the west where drilling is currently in progress.