Freegold Responds to Market Activity
1
FOR IMMEDIATE RELEASE
FREEGOLD RESPONDS TO MARKET ACTIVITY
VANCOUVER: June 26th, 2020 - Freegold Ventures Limited (Freegold) (TSX: FVL) – At the request of IIR OC
(“Investment Industry Regulatory Organization of Canada”), Freegold wishes to confirm that it is not
aware of any material, undisclosed information that would account for the recent increase in market
price and level of trading volume of its ordinary shares. A 10,000 metre diamond drill program is currently
in progress at Golden Summit. No results from that program are yet available.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on exploration in Alaska and holds through leases the Golden
Summit Gold Project, near Fairbanks as well the Shorty Creek Copper –Gold Project near Livengood.
For further information:
Kristina Walcott
President and CEO
Telephone: 1.604.662.7307
Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures
and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements to be materially different fr om any future
results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of
planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs. The t erm “Mineral
Resource” used above is defined per NI 43 -101. Though Indicated Resources have been esti mated for the Project, this PEA includes Inferred
Mineral Resources that are too speculative for use in defining Reserves. Standalone economics have not been undertaken for th e measured
and indicated resources and as such no reserves have been estimated for the Project. Please note that the PEA is preliminary in nature, that it
includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that
would allow them to be categorized as mineral reserves. There is no certainty that the PEA will be realized. Mineral resources that are not
mineral reserves do not have demonstrated economic viability. Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual
results could differ materially from those projected as a result of the following factors, among others: changes in the price of mineral market
conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of
future profitability and uncertainty of access to additional capital. See Freegold’s Annual Information Form for the year ended December 31st,
2019 filed under Freegold’s profile at www.sedar.com for a detailed discussion of the risk factors associated with Freegold’s operations .