Freegold Appoints Maurice Tagami to Board of Directors

FREEGOLD APPOINTS MAURICE TAGAMI TO BOARD OF DIRECTORS

Vancouver, BC – April 25, 202 3 – Freegold Ventures Limited (TSX: FVL) (“ Freegold” or the

"Company"), announces the appointment of Maurice Tagami to the Freegold Board of Directors,

effective April 24th, 2023.

“We are extremely pleased to welcome Maurice T agami to the Freegold Board. “ said Kristina

Walcott, President and CEO of Freegold. “Maurice’s extensive experience in metallurg ical

processes both from the project development and operational side will be invaluable to Freegold

as we continue to grow our Company. Maurice is already very familiar with the both the

metallurgy at Golden Summit and Shorty Creek having directed the metallurgical programs which

have been conducted to date on both projects.”

Mr. Tagami served as the Vice President, Mining Operations and later as Technical Ambassador

for Wheaton Precious Metals Corp. from July 2012 to November 2022. He is a Metallurgical

Engineer from the University of British Columbia with over 40 years of experience in mining and

mineral processing. He was responsible for maintaining partnerships with over 20 operating

mines and 13 development projects from which Wheaton Precious Metals Corp. has metal

streaming agreements. Mr. Tagami currently serves on the Board of Maple Gold Mines and Foran

Mining Corporation as the Lead Independent Director. Previously, he held the positions of

President and CEO, with Keegan Resources Inc. and Senior Project Manager (Onca Puma Project)

with Canico Resource Corp. Mr. Tagami previously served on the Board of Brett Resources Inc.

About Freegold Ventures Limited

Freegold is a TSX-listed company focused on exploration in Alaska and holds the Golden Summit

Gold Project near Fairbanks and the Shorty Creek Copper -Gold Project near Livengood through

leases.

For further information, please visit www.freegoldventures.com or contact:

Kristina Walcott, President, Chief Executive Officer & Director

Telephone: (604) 662-7307

Email: [email protected]

Forward-looking Information Cautionary Statement

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking

statements") within the meaning of the applicable Cana dian securities legislation. All statements, other than

statements of historical fact, are forward -looking statements and are based on expectations, estimates and

projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans,

projections, objectives, assumptions, future events or performance (often but not always using phrases such as

"expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled",

"forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain

actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not

statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this

press release, include, without limitation, statements regarding the completion of, and the use of proceeds from,

the Offering. In making the forward -looking statemen ts contained in this press release, the Company has made

certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements

are reasonable, it can give no assurance that the expectations of any forward -looking statements will prove to be

correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events

to differ materially from those expressed or implied by such forward -looking statements. Such factors include, but

are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and

general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place

undue reliance on t he forward -looking statements and information contained in this press release. Except as

required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-

looking statements to reflect actual results, whether as a result of new information, future events, changes in

assumptions, changes in factors affecting such forward -looking statements or otherwise. See Freegold’s Annual

Information Form for the year ended December 31 202 2, filed under Freegold’s profile at ww w.sedar.com, for a

detailed discussion of the risk factors associated with Freegold’s operations

On January 30, 2020, the World Health Organization declared the COVID- 19 outbreak a global health emergency.

Reactions to the spread of COVID -19 continue to lead to, among other things, significant restrictions on travel,

business closures, quarantines, and a general reduction in economic activity. While there has been a reduction in

these effects in recent months, the continuation and re-introduction of significant restrictions, business disruptions,

and related financial impact, and the duration of any such disruptions, cannot be reasonably estimated at this time.

The risks to Freegold of such public health crises also include risks to employee health and safety and a slowdown

or temporary suspension of operations in geographic locations impacted by an out break. Such public health crises,

as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various

products and services, global supply chains, and financial markets, as well as declining trade and market sentiment

and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a

result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full -

service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While

the extent to which COVID -19 may impact Freegold is uncertain, it is possible that COVID- 19 may have a material

adverse effect on Freegold’s business, results of operations, and financial condition.

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