PR Newswire | Mar 18, 2021 07:31AM EDT

25 g/t Au Over 8.7 Metres

03/18 06:30 CDT

Freeman Drills Highest Grade Zone to Date: 2.5 g/t Au Over 151 Metres Including 25 g/t Au Over 8.7 Metres SALMON, Idaho, March 18, 2021

* Freeman releases the highest grade intercept ever drilled at Lemhi from the remaining 20 diamond drill holes of the 2020 35-hole drill program * Highlights include: 2.5 g/t Au over 151m, including 25 g/t Au over 8.7m (FG20-017C); 1.2 g/t Au over 42.6m (FG20-012C); 0.9 g/t Au over 72.4m, including 2.1 g/t Au over 21.1m (FG20-026C); and 1.4 g/t Au over 48.4m, including 2.1 g/t over 22m (FG20-032C) * As a result of the 2020 drill program and increased drill density the maiden resource estimate will include drill assay results from both historical (355 holes - approx. 70,000 metres) and new drilling (35 holes - 7,200 metres)

CANADIAN SECURITIES EXCHANGE: FMAN

SALMON, Idaho, March 18, 2021 /PRNewswire/ - Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) ("Freeman" or the "Company") is pleased to provide assay results of core from the remaining 20 diamond drill holes of the 35 hole 2020 program on Freeman's 100% owned Lemhi Gold Project located in Idaho. The objective of the 2020 Phase 1 drill program was designed to confirm historical mineralization and allow the use of over 355 historical drill holes in a maiden National Instrument 43-101 compliant resource estimate. The drill program focused on infill and step-out drilling within the known mineralized body to increase confidence and maximize the potential resource. The drilling completed by Freeman successfully confirmed historically defined mineralization and provided valuable infill drilling to increase confidence levels of the upcoming resource estimate.

All holes drilled to date have intersected high-grade shallow oxide gold mineralization. Drill hole FC20-017C intersected 2.5 g/t Au over 151m, representing the highest gold content in any single hole drilled at Lemhi based on a gold times core length metric (grams Au x total mineralized length = 377.5). Selected highlighted results from the 13 holes are2.5 g/t Au over 151m, including 25 g/t Au over 8.7m (FG20-017C);1.2 g/t Au over 42.6m (FG20-012C); 0.9 g/t Au over 72.4m, including 2.1 g/t Au over 21.1m (FG20-026C); and 1.4 g/t Au over 48.4m, including 2.1 g/t over 22m (FG20-032C).

Drill sections can be found on our website at https://freemangoldcorp.com/wp-content/uploads/2021/03/2020-Drill-Sections-March-2021.pdf or by clicking here.

Table 1 - Significant Drill Results

Azimuth, DipTotal DepthDepth (m) IntervalAverage GradeDrill Hole ID (degrees) (m) From To (m) (g/t Au)

FG20-012C -90 360 264 56.9 99.5 42.6 1.2

including 56.9 70.0 13.2 2.5

and 139.6234.594.9 0.4

including 139.6150.010.4 2.1

including 143.7148.14.4 4.2

FG20-017C 270 -75 203 29.0 180.0151.0 2.5

including 29.0 33.1 4.1 4.9

including 45.0 48.0 3.0 14.5

including 74.0 82.7 8.7 25.0

including 121.0137.016.0 3.4

including 127.0131.04.0 8.3

including 175.0177.02.0 5.3

FG20-018C 360 -90 178 12.0 47.0 35.0 0.3

and 112.3163.050.7 0.4

including 112.3124.011.7 1.0

FG20-019C 360 -90 170 52.0 56.0 4.0 1.2

including 78.0 127.149.1 0.9

including 78.0 81.0 3.0 2.3

including 101.9105.03.1 2.9

FG20-020C 360 -90 201 75.0 110.035.0 0.3

including 83.0 84.0 1.0 4.2

including 109.0110.01.0 3.6

FG20-021C 360 -90 170 32.9 57.9 25.0 0.6

including 32.9 34.0 1.1 3.1

including 47.0 53.0 6.0 1.7

and 129.1133.03.9 1.3

FG20-022C 360 -90 223 4.0 34.1 30.1 1.0

including 22.0 28.0 6.0 4.6

and 198.0203.35.3 1.1

FG20-023C 360 -90 212 2.1 26.6 24.5 0.5

including 24.9 26.6 1.7 3.5

and 95.0 98.1 3.1 0.9

and 120.3122.82.5 1.1

and 174.5194.420.0 0.6

FG20-024C -90.0360.0 222.0 143.0215.072.0 0.4

including 180.0181.01.0 10.2

including 205.1208.02.9 1.4

FG20-025C 360 -90 238 17.8 69.0 51.3 0.3

including 26.0 28.0 2.0 1.9

and 116.0127.011.0 0.6

and 189.6206.016.4 0.5

FG20-026C 360 -90 227 21.3 38.1 16.7 0.8

and 101.0173.472.4 0.9

including 139.0160.121.1 2.1

including 141.0149.98.8 4.1

including 171.3173.01.7 5.0

FG20-027C 360 -90 235 9.0 72.5 63.5 0.5

including 63.0 72.5 9.5 1.9

including 68.0 72.5 4.5 2.8

and 192.1212.020.0 0.5

FG20-028C 360 -90 197 20.0 21.0 1.0 2.0

and 76.0 77.0 1.0 1.2

and 95.0 192.097.0 0.5

including 149.0174.025.0 1.1

including 155.0156.01.0 10.9

FG20-029C 360 -90 249 48.0 66.0 18.0 1.1

FG20-030C 360 -90 214 4.0 123.0119.0 0.4

including 73.0 95.0 22.0 1.0

including 75.8 78.1 2.3 2.9

including 109.2123.013.9 1.1

and 145.0150.95.9 1.0

and 167.0173.16.1 0.9

FG20-031C 360 -90 228 39.0 87.2 48.2 0.4

including 71.2 74.0 2.8 2.4

and 180.0188.18.1 2.1

FG20-032C 360 -90 70 Lost hole

FG20-033C 360 -90 199 112.3161.048.8 1.4

including 116.0138.022.0 2.1

including 155.8160.34.6 4.0

FG20-034C 360 -90 182 102.3110.07.6 2.3

and 132.0141.09.0 1.5

including 133.0135.02.0 4.0

FG20-035C 360 -90 199 8.7 189.0180.4 0.5

20.0 23.0 3.0 3.9

50.0 53.0 3.1 2.7

128.5167.038.5 1.1

149.5153.03.5 6.6

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

Will Randall, President and CEO, commented, "The 2020 diamond drill program at Lemhi not only confirmed the vast and comprehensive historical database, but also added confidence. This gives us an excellent basis upon which to complete our maiden compliant resource estimate, with the joint objective of maximizing the resource count, increasing the resource confidence categories, and identifying areas for future growth. Our team is working on the interpretation and modelling and we will have further updates as these results come in.

Geologically, the Lemhi Gold Project lies within the Idaho-Montana porphyry belt, a northeast-trending alignment of metallic ore deposits and mines related to granitic porphyry intrusions. These extend north-easterly across Idaho and are related to the Trans-Challis fault system, a broad (20-30 km-wide) system of en-echelon northeast-trending structures extending from Boise Basin more than 270 km into Montana. At Lemhi, gold mineralization is hosted in Mesoproterozoic quartzites and phyllites within a series of relatively flat-lying lodes consisting of quartz veins, quartz stockwork and breccias and is located along the western edge of an intrusion. Mineralized lodes are associated with low angle faults, folding and shear zone(s). The mineralized zones have varying amounts of sulphides (pyrite, chalcopyrite, bornite, molybdenum, and occasionally arsenopyrite) where free gold is common. Gold mineralization at Lemhi is open at depth and on strike in all directions.

All drill core and rock samples were sent to ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada, an independent and fully accredited laboratory (ISO 9001: 2008) for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy (select drill holes). Freeman has a regimented Quality Assurance, Quality Control ("QA/QC") program where at least 10% duplicates, blanks and standards are inserted into each sample shipment. Drill hole FG20-035C was a PQ hole drilled primarily for metallurgical testing. Subsequently a portion of the samples from hole FG20-035C were analyzed at SGS Canada Inc., Burnaby, B.C., Canada, an independent and fully accredited laboratory (ISO 9001: 2008) for analysis for gold by Fire Assay.

Core photos and drill sections can be found at www.freemangoldcorp.com.

The technical content of this release has been reviewed and approved by Dean Besserer, P. Geo., the VP Exploration of the Company and a Qualified Person as defined by the National Instrument 43-101.

About the Company

Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property (the "Lemhi Project"). The Lemhi Project comprises 30 square kilometers of highly prospective land. The mineralization at the Lemhi Project consists of shallow, near surface primarily oxide gold mineralization that has been identified from 355 historic drill holes and is open at depth and in multiple directions. The Company has completed an initial Phase 1 diamond drill program which will form the basis for a maiden National Instrument 43-101 compliant resource estimate.

On Behalf of the CompanyWilliam RandallPresident and CEO

Forward Looking Statements: This press release contains "forward-looking information or statements" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to its future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Freeman Gold Corp.