About Freegold Ventures

Freegold Ventures Limited is a North American exploration and development company with a management team experienced in mine development and production and a track-record in transitioning exploration companies into gold producers. Current projects include Almaden, Golden Summit, Rob and Vinasale. Almaden was the subject of a 1997 feasibility study which called for the development of a 95,000 oz per year, open pit, heap leach gold deposit. Freegold is currently completing a new 43-101 resource following the completion of a 54,700-foot drill program, which identified extensions to the known gold mineralization, as well as open-ended areas of molybdenum mineralization. On the Golden Summit Project in Alaska, exploration is continuing to discover new high-grade veins and bulk tonnage shear zones. Evaluation and expansion of the mineralized zones is underway though closely spaced shallow drilling, core drilling and bulk sampling using a 1,200-ton per day gravity concentration plant. Exploration continued in 2008 at Freegold's Rob project where drilling continued to insect high-grade gold mineralization. Exploration was also undertaken on the Vinasale Gold deposit in an effort to expand the known 920,000 historical gold resource (not 43-101 compliant).