Corporate Member

Freegold is an exploration company focused on gold exploration in Alaska. Its flagship asset is the Golden Summit project, located just 30 minutes from Fairbanks, Alaska. A reinterpretation of the project' s potential in 2019 led to significant growth. Since 2020, exploration efforts have been highly successful. With a discovery cost of less than $ 5. 00 per ounce and a notable increase in both grade and tonnage, Golden Summit has become one of the largest undeveloped gold resources in North America. The substantial increase in resource ounces and grade resulted from targeted drilling campaigns conducted from 2020 to 2024, totalling over 130,000 metres, along with ongoing improvements to geological models and understanding of mineralization controls. Positive metallurgical test results have also advanced the project. Continued drilling has further delineated zones of higher-grade mineralization and transformed areas previously considered waste into potentially economically viable mineralized zones. Expansion to the west has led to the discovery of new, higher-grade zones, increasing both indicated gold resources and grades. There remains significant exploration potential to the west and east of the known deposit. Recovery rates exceeding 90% have been achieved using sulphide-oxidizing techniques, including BIOX ®, POX, and the Albion Process ™. In addition, testwork is ongoing for the DST GlassLock Process and a potentially simpler gravity CIL process flowsheet.
As of July 2025, the current Golden Summit resource includes an Indicated Primary Mineral Resource of 17. 2 million ounces at 1. 24 g/t Au and an Inferred Primary Mineral Resource of 11. 9 million ounces at 1. 04 g/t Au. The 2025 program consisted of an additional nearly 40,000m. The 2026 drilling program is well underway with a minimum of 50,000 metres of drilling currently planned. Both the 2025 and 2026 programs aim to refine the geological model and improve resource definition. In addition to the ongoing drill programme, metallurgical studies and various supporting studies, including archaeology, wetlands delineation, and baseline environmental work, are ongoing, all of which will help support the upcoming Pre-Feasibility Study (PFS).