FMAN.V · 2022-11-09 12:00:00

FREEMAN EXTENDS LEMHI SHALLOW OXIDE GOLD MINERALIZATON 166 METRES TO THE WEST Phase 2 drill holes continue to intersect shallow oxide gold mineralization within existing resource pit both along strike and at depth

Exploration Programs

FREEMAN EXTENDS LEMHI SHALLOW OXIDE GOLD

MINERALIZATON 166 METRES TO THE WEST

Phase 2 drill holes continue to intersect shallow oxide gold mineralization

within existing resource pit both along strike and at depth

• Expansion hole FG22-001C returned 55m at 0.55 g/t Au including 18.52m @ 1.1 g/t

• Expansion hole FG22-036C returned 24m @ 1.2 g/t Au

• Expansion hole FG22-011C returned 66m at 0.61 g/t Au including 5m @ 3.1 g/t Au

• Expansion hole FG22-031C returned 105.92m at 0.34 g/t Au including 7m @ 1.49 g/t

• Expansion hole FG21-004C returned 156.69m at 0.24 g/t Au including 7.44m @ 2.1

g/t Au

• Infill hole FG22-010C returned 9m at 1.5 g/t Au.

Toronto Venture Stock Exchange: FMAN

VANCOUVER, BRITISH COLUMBIA – November 9, 2022 – Freeman Gold Corp. ( TSXV:

FMAN, OTCQX: FMANF, FSE: 3WU) (“ Freeman” or the “ Company”) is pleased to report

results of 15 diamond drill holes from the Company’s 12,000m Phase II resource expansion and

infill drill program at its 100% owned Lemhi Gold Deposit, Idaho, USA. Fourteen of these drill

holes were designed to test mineralization on strike to t he west of the known deposit (expansion

holes) and one infill hole to improve the resource confidence in zones with historical drill holes

(Figures 1, 2 and 3 attached and Table 1).

The expansion holes represent 20 to 166 metre step outs to the west of existing drilling where

mineralization is untested and open. These areas were previously modelled as unmineralized due

to lack of drilling in the initial maiden mineral resource estimate (“ MRE”). The current MRE

comprises an Indicated Mineral Resource of 22.94 million tonnes at 1.02 g/t Au for 749,800 oz of

gold and an Inferred Mineral Resource of 7.68 million tonnes at 1.01 g/t Au for 250,300 oz of gold

(refer to press release dated July 8, 2021). The MRE covers a surface area of 400 by 500 metres

and extends down to a depth of 180 metres below surface. The resource expansion holes that form

the bulk of the current Phase II drill program are designed to extend this current resource both

along strike and at depth.

Paul Matysek, Executive Chairman, commented, “Very positive news, these results clearly show

gold mineralization at Lemhi extends up to 166 metres along strike and to the west. Similar to our

results in the east, the Lemhi gold deposit is expanding in all directions where historical drilling

had not been conducted. This should add valuable ounces to our in pit mineral resource that is

currently considered waste.”

All holes drilled to date have intersected shallow oxide gold. Selected highlighted results from the

10 holes are 0.61 g/t Au over 66m, including 3.1 g/t Au over 5.0m (FG22-011C); 0.55 g/t Au

over 55m, including 1.1 g/t Au over 18.52m (FG22-001C); 0.34 g/t Au over 105.92m including

1.49 g/t over 7.0m (FG22-031C); 0.24 g/t Au over 156.69m including 2.1 g/t over 7.44m (FG21-

004C); 1.2 g/t Au over 24m (FG22-036C); 0.4 g/t Au over 41m (FG22-003C); and 1.5 g/t Au

over 9.0m (FG22-010C). Gold mineralization now extends to at least 166 metres to the west and

is open at depth. Drill sections for drill holes FG22-003C and FG22-036C are attached.

Table 1 – Significant Drill Results – Lemhi West*

DRILL

HOLE

DEPTH DIP AZIMUTH FROM TO HIGHLIGHT (METRES)

FG21-004C 270.36 -90 360 30 31 1m @ 0.22 g/t Au

34 35.15 1.15m @ 0.79 g/t Au

37 38 1m @ 0.24 g/t Au

39.62 40 0.38m @ 0.51 g/t Au

89.32 246 156.69m @ 0.26 g/t Au

89.31 90.98 1.67m @ 1.97 g/t Au

115.8 123.24 7.44m @ 2.1 g/t

115.8 118 2.2m @ 6.74 g/t Au

120.24 120.8 0.56m @ 0.58 g/t Au

123 123.24 0.24m @ 0.88 g/t Au

149 152 3m @ 0.23 g/t Au

160 161 1m @ 1.42 g/t Au

175 186 11m @ 0.76 g/t Au

including

182.3 186 3.7m @ 2 g/t Au

193 198 5m @ 0.3 g/t Au

206.75 209 2.25m @ 1.25 g/t Au

215 217 2m @ 0.25 g/t Au

221 222 1m @ 0.63 g/t Au

234 235 1m @ 0.47 g/t Au

240 246 6m @ 0.4 g/t Au

FG21-005C 272.8 -90 360 33 34 1m @ 0.26 g/t Au

47 49 2 m @ 0.21 g/t Au

61 62 1m @ 0.22 g/t Au

185 192 7m @ 0.21 g/t Au

190 192 2m @ 0.39

202.1 214 11.9m @ 0.25 g/t Au

including

DRILL

HOLE

DEPTH DIP AZIMUTH FROM TO HIGHLIGHT (METRES)

202.1 206.1 4m @ 0.48 g/t Au

211 214 3m @ 0.2 g/t Au

237 238 1m @ 0.21 g/t Au

249 255 6 m @ 0.62 g/t Au

FG22-001C 254.2 -90 360 36 37 1m @ 1.03 g/t Au

133 133.74 0.74m @ 0.83 g/t Au

162 163.37 1.37 m@ 0.95 g/t Au

192 247 55m @ 0.55 g/t Au

including

207.48 226 18.52m @ 1.1 g/t Au

including

217 220 3m @ 4.45 g/t Au

232 239 7m @ 0.29 g/t Au

FG22-003C 280.42 -90 360 40 41 1m @ 0.23 g/t Au

123.84 124.72 0.88 @ 1.76 g/t Au

143 144 1m @ 0.29 g/t Au

160 165 5m @ 1.1 g/t Au

160 201 41m @ 0.4 g/t Au

including

161 164 3m @ 1.7 g/t Au

197 201 4m @ 1.52 g/t Au

228.27 229.29 1m @ 0.25 g/t Au

244 246 2m @ 0.37 g/t Au

265 266 1m @ 0.24 g/t

FG22-005C 249.94 -90 360 32 34 2m @ 0.37 g/t Au

119 120 1m @ 5.1 g/t Au

130 131 1m @ 0.22 g/t Au

138 139 1m @ 2 g/t Au

154 159 5m @ 0.39 g/t Au

including

155 156 1m @ 1.2 g/t Au

177.02 181 3.98m @ 0.36 g/t Au

194.12 196 1.88m @ 0.25 g/t Au

248 249 1m @ 1.17 g/t Au

FG22-006C 278.89 -90 360 116 117 1m @ 0.326 g/t Au

118.87 120 1.13m @ 0.22 g/t Au

129 131 2m @ 0.54 g/t Au

137 138 1m @ 0.72 g/t Au

153 158 5m @ 0.55 g/t Au

including

153 154 1m @ 1.9 g/t Au

160 161 1m @ 0.27 g/t AU

188 190 2m @ 0.63 g/t Au

DRILL

HOLE

DEPTH DIP AZIMUTH FROM TO HIGHLIGHT (METRES)

210 211 1m @ 0.27 g/t Au

220 222 2m @ 0.21 g/t au

228 229 1m @ 0.77 g/t Au

FG22-008C 255.73 -68 270 15 17 2m @ 0.3 g/t Au

61 62 1m @ 2.69 g/t Au

78 79 1m @ 0.3 g/t Au

139 140 1m @ 0.6 g/t Au

152.2 200 47.8m @ 0.21 g/t Au

including

152.2 157 4.8m @ 0.51 g/t Au

176.17 178 1.83m @ 0.85 g/t Au

182 185 3m @ 0.54 g/t Au

182 190 8m @ 0.35 g/t Au

FG22-011C 251.46 -70 270 9.14 11 1.86 m @ 0.3 g/t Au

17.06 20 2.94m @ 0.41 g/t Au

23 24 1m @ 0.3 g/t Au

39 41 2m @ 1.4 g/t Au

127 193 66 m @ 0.61 g/t Au

including

158 163 5m @ 3.1 g/t Au

FG22-025C 268.99 -90 360 30 31 1m @ 1.49 g/t Au

55.63 57 1.37m @ 0.36 g/t Au

88 89 1m @ 1.56 g/t Au

95 98 3m @ 1.2 g/t Au

110 112 2m @ 1.39 g/t Au

160 262 102m @ 0.22 g/t Au

including

160 162 2m @ 1.78 g/t Au

170 175 5m @ 0.48 g/t Au

188 189 1m @ 1.69 g/t Au

193 195 2m @ 0.8 g/t Au

215 220 5m @ 0.47 g/t Au

227 232 5m @ 0.47 g/t Au

FG22-028C 289.56 -90 360 12 13 1m @ 0.59 g/t Au

35 36 1m @ 1.32 g/t Au

66 67 1m @ 0.24 g/t Au

81 82 1m @ 0.58 g/t Au

101 102 1m @ 0.23 g/t Au

146 156 10m @ 0.6 g/t Au

176 177 1m @ 0.21 g/t Au

186 188 2m @ 0.48 g/t Au

217 218 1m @ 0.51 g/t Au

227 228 1m @ 0.42 g/t Au

DRILL

HOLE

DEPTH DIP AZIMUTH FROM TO HIGHLIGHT (METRES)

278 280 1m @ 0.25 g/t Au

FG22-031 252.98 -90 360 4 5 1m @ 0.54 g/t Au

8.84 10 1.16m @ 0.22 g/t Au

36 37 1m @ 0.2 g/t Au

78 79 1m @ 1.55 g/t Au

133.08 239 105.92m @ 0.34 g/t Au

including

136 143 7m @ 1.49 g/t Au

177 182 5m @ 1.38 g/t Au

FG22-033 204.98 -74 270 2 8 6m @ 0.48 g/t Au

46 48 2m @ 0.72 g/t Au

51 52 1m @ 0.34 g/t Au

128 129 1m @ 0.21 g/t Au

139 140 1m @ 0.53 g/t Au

159 163 4m @ 0.4 g/t Au

167 168 1m @ 0.39 g/t Au

176.55 198 21.45 @ 0.59 g/t Au

including

185 189 4m @ 1.18 g/t Au

FG22-035 258.32 -90 360 81 91 10m @ 0.96 g/t Au

including

81 83.21 2.21m @ 2.84 g/t Au

116 117 1m @ 0.25 g/t Au

128 129 1m @ 0.38 g/t Au

133 134 1m @ 0.31 g/t Au

145 152 7m @ 0.83 g/t Au

159 167 8m @ 0.31 g/t Au

including

163 167 4m @ 0.51 g/t Au

172 177 5m @ 0.75 g/t Au

190 191 1m @ 0.43 g/t Au

197 204.06 7.06m @ 0.39 g/t Au

210 211 1m @ 0.81 g/t Au

217 219 2m @ 0.41 g/t Au

229 231 2m @ 0.31 g/t Au

237 242 5m @ 0.33 g/t Au

244.97 246 1.03m @ 0.21 g/t Au

FG22-036C 235.31 -75 270 15 23 8m @ 1.46 g/t Au

98 99 1m @ 0.2 g/t Au

107 108 1m @ 0.43 g/t Au

122 127.07 1.07m @ 0.24 g/t Au

125 149 24m @ 1.2 g/t Au

160 162 2m @ 0.21 g/t Au

DRILL

HOLE

DEPTH DIP AZIMUTH FROM TO HIGHLIGHT (METRES)

164 165 1m @ 0.21 g/t Au

176 177 1m @ 0.59 g/t Au

217 218 1m @ 0.22 g/t Au

INFILL

FG22-010C 202.69 -90 360 29 34 5m @ 0.35 g/t Au

48 49.17 1.17 m @ 1.44 g/t Au

62 71 9m @ 1.5 g/t Au

104 106 2m @ 0.47 g/t Au

128 130 2m @ 0.21 g/t Au

136 141 5m @ 0.32 g/t Au

149 151 2m @ 0.4 g/t Au

*Intervals are core-length. True width is estimated between 90-95 percent (“%”) of core length.

** Using 0.2 g/t Au cut-off.

Lemhi Gold Deposit:

As of November 9, 2022, 50 new core drill holes for a total of 12,168 metres and seven reverse

circulation (“RC”) holes totalling 1,128 metres have been completed at Lemhi. These holes have

been primarily designed to test on strike extensions of the known resource as well as infill in certain

parts of the gold deposit. In particular, the drill program has focused on areas currently modelled

as pit waste because of no or sparse drill data. All ounces added in these areas, even if close to the

cut-off grade, will add value to the project as they come from zones in the resource shell that can

now be upgraded to resources (Figure s 1, 2 and 3 attached). An additional 20 holes or

approximately 4,000m have been planned as part of the Phase 3 RC drill program which is

ongoing.

All drill holes from the project have been logged, sampled and sent to the laboratory. Analytical

results are pending.

Figure 1. Lemhi 2021-22 Drilling – Western Expansion

Figure 2. Section 429900 – Drill hole FG22-003C

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