Vinasale Project, Alaska

In March 2007 Freegold signed a Mineral Exploration Agreement with Option to Lease with Doyon, Limited an Alaskan native corporation on their Vinasale project. Vinasale is located in central Alaska within the same mineralized trend that hosts the 33 million oz Donlin Creek deposit and the operating Nixon Fork gold mine. Vinasale hosts a historical, non 43-101 compliant resource of 920,000 oz of gold that was delineated in the early 1990's. Freegold's 2007 program was focused on exploring for new targets within the 140,000 acre property. As such Freegold flew an airborne geophysical survey over the entire 140,000 acre block in 2007 in addition to carrying out a mapping a sampling program.  The 2008 program consisted of an IP/resistivity survey to the north and northeast of the known mineralized zone, as limited drilling by previous operators had shown there is potential for other mineralized zones to exist outside of the Central Zone. Preliminary results suggest that the anomaly associated with the Central Zone, although weaker, continues to the north and north-east where there is thought to be potential to expand the known resources.