Freedom Gold Corp. Announces Appointment of CEO and Flow-Through Private Placement
FREEDOM GOLD CORP.
(CSE: FRDM)
Freedom Gold Corp. Announces Appointment of
CEO and Flow-Through Private Placement
Vancouver, British Columbia – September 2, 2026 – Freedom Gold Corp. (formerly SPOD
Lithium Corp. (the “Company” or “Freedom”), is pleased to announce the appointment of
Mr. John Shurko as the Chief Executive Officer and a director of the Company, effective
immediately.
John Shurko is a mineral exploration executive and entrepreneur with experience
advancing exploration projects across Atlantic Canada and the Yukon. Since 2016, he has
been directly involved in the planning, coordination and execution of exploration programs
with an aggregate value exceeding $1.4 million. His experience includes prospecting, soil
geochemistry, core studies, reverse -circulation drilling, more than 4,000 metres of
diamond drilling, placer exploration, and the coordination of airborne and ground
geophysical programs, including magnetic, TDEM, gravity and induced polarization
surveys. Mr. Shurko has extensive experience in project planning, permitting, regulatory
compliance, contractor management, landowner and First Nations engagement, field
logistics, laboratory coordination and government reporting. He is also the co-founder and
President of 21Alpha Resources Inc. In addition to his exploration experience, Mr. Shurko
has more than two decades of experience in the film and television industry, primarily as
an Assistant Director, where he developed significant experience managing
multidisciplinary teams, complex logistics and time-sensitive operations. As President and
Chief Executive Officer of Freedom Gold Corp., Mr. Shurko is responsible for corporate
leadership, exploration strategy and the advancement of the Company’s mineral property
portfolio.
In addition, the Company would like to announce the resignation of M s. Veronique
Laberge as the interim Chief Executive Officer and director of the Company. Ms. Laberge
will continue to serve as the Chief Financial Officer of the Company.
Flow-Through Financing
Further, the Company is pleased to announce that it intends to complete a non-brokered
private placement of up to 4,444,444 flow-through common shares ( “FT Shares”) at a
price of C$0.18 per FT Share for gross proceeds of up to $800,000 (the “Offering”).
The Company may pay finder's fees on a portion of the Offering to eligible finders.
The gross proceeds from the sale of FT Shares will be used by the Company to incur
eligible “Canadian exploration expenses ” that qualify as “flow-through mining
expenditures” (as both terms are defined in the Income Tax Act (Canada)) (the
“Qualifying Expenditures”) related to the Nova Scotia properties, being the Blockhouse
Property, the Widow Point Property, the Frenchvale Property and the Westfield Property
(the “Properties”), on which the Company entered into an option agreement (see press
release dated June 4, 202 6). The Company will incur Qualifying Expenditures in an
amount equal to the gross proceeds raised from the sale of FT Shares during the period
from and after the closing date of the Offering to and including December 31, 2027, and
will renounce Qualifying Expenditures to the subscribers with an effective date no later
than December 31, 2026.
The Offering is scheduled to close on or about September 30, 2026. All securities issued
pursuant to the Offering described above will be subject to a four-month and one-day hold
period.
Certain insiders may purchase FT Shares under the Offering. As such, the Company may
issue securities to one or more purchasers that will be considered a “related party” within
the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in
Special Transactions (“MI 61-101”), making the applicable subscription a “related party
transaction” within the meaning of MI 61-101 (the “Related Party Subscriptions”). If such
sales are completed, the Company will be exempt from obtaining a formal valuation for,
and minority approval of, the Related Party Subscriptions pursuant to Sections 5.5(b) and
5.7(1)(a) of MI 61-101, respectively.
The FT Shares have not been, and will not be, registered under the U.S. Securities Act or
any U.S. state securities laws, and may not be offered or sold in the United States or to,
or for the account or benefit of, U.S. persons absent registration or an ap plicable
exemption from the registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws.
About Freedom Gold Corp.
Freedom Gold Corp. is a leading exploration and development company focused on
unlocking the vast potential of gold resources. With a strategic approach to resource
management and a commitment to sustainable practices, Freedom is dedicated to driving
innovation and delivering value for its stakeholders. Founded in 2020, its mineral
properties is located in Quebec and Nova Scotia, regions renowned for its rich deposits of
these valuable resources. For further information, please refer to the Company's
disclosure record on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors
John Shurko
Chief Executive Officer & Director
(902) 233-3746
Forward-Looking Statements
All statements in this press release about anticipated future events or results constitute
forward-looking statements including, but not limited to, statements with respect to: the
closing of the Offering described herein, including the amount to be raised , any increase
in the size of the Offering, the timing of closing, CSE acceptance, the use of proceeds, the
incurrence and renunciation of Qualifying Expenditures and the Company's exploration
plans. Forward-looking statements are often, but not always, identified by the use of words
such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and
statements that an event or result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. All statements, other than statements of historical
fact, included herein are forward-looking statements. Although Freedom believes that the
expectations reflected in such forward -looking statements and/or information are
reasonable, undue reliance should not be placed on forward -looking statements since
Freedom can give no assurance that such expectations will prove to be correct. These
statements involve known and unknown risks, uncertainties and other factors that may
cause actual results or events to differ materially from those anticipated in such forward -
looking statements, including the risks, uncertainties and other factors identified in
Freedom's periodic filings with Canadian securities regulators. Forward -looking
statements are subject to business and economic risks and uncertainties and other factors
that could cause actual results of operations to differ materially from those contained in
the forward-looking statements. Important factors that could cause actual results to differ
materially from Freedom's expectations include the ability to complete the Offering on the
terms described, the ability to obtain CSE acceptance, the ability to use the proceeds in
the manner indicated, the ability to incur and renounce Qualifying Expenditures as
anticipated, risks associated with the business of Freedom; risks related to reliance on
technical information provided by Freedom; risks related to exploration and potential
development of the Company's mineral properties; business and economic conditions in
the mining industry generally; fluctuations in commodity prices and currency exchange
rates; uncertainties relating to interpretation of drill results and the geology, continuity and
grade of mineral deposits; the need for cooperation of government agencies and First
Nation groups in the exploration and development of properties and the issuance of
required permits; the need to o btain additional financing to develop properties and
uncertainty as to the availability and terms of future financing; the possibility of delay in
exploration or development programs and uncertainty of meeting anticipated program
milestones; uncertainty as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time and additional risks identified
in Freedom's filings with Canadian securities regulators on SEDAR+ in Canada. Forward-
looking statements are based on estimates and opinions of management at the date the
statements are made. Freedom does not undertake any obligation to update forward -
looking statements except as required by applicable securities laws. Investors should not
place undue reliance on forward-looking statements.
The CSE has not reviewed, approved or disapproved the contents of this news release.