Freeport Receives Extensions for Star Mountains Tenements EL 2467, EL 2001 and EL 1781

Web: www.freeportresources.com

NEWS RELEASE September 17th, 2021

Freeport Receives Extensions for Star Mountains

Tenements EL 2467, EL 2001 and EL 1781

Vancouver, British Columbia – (September 17th, 2021) – Freeport Resources Inc. (the

“Company”) is pleased to announce that its applications to extend Exploration Licenses EL

2467 Mt. Abemh, EL 2001 Benstead and EL 1781 Mt. Scorpion, have been granted by the

Minister with effect from December 2 nd, 2020, December 20 th 2020 and March 12 th, 2020,

respectively for a term of two years. The PNG Mining Cadastre Portal indicates that the

renewal for EL 1335 Yandera is awaiting Ministerial Endorsement.

About Freeport Resources Inc.

Freeport Resources Inc. is a copper-centric resource company based in Vancouver, BC. It is

focused on the development of its copper and gold projects principally located in Papua New

Guinea.

Dr. Nathan Chutas, Ph.D., CPG, Senior Vice-President of Operations for the Company, is a

qualified person for the purposes of National Instrument 43-101. Dr. Chutas has reviewed

and approved the technical content in this news release.

Please visit www.freeportresources.com or contact the email address below for more

information.

On behalf of the Board,

Freeport Resources Inc.

Gord Friesen, Chief Executive Officer

(236) 334-1660 or [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation

Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”,

“estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “intends” and similar words or expressions identify forward-looking

statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based

upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant

business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could

cause results, performance or achievements to be materially different from the results, performance