PR Newswire | Oct 27, 2021 09:56AM EDT

Program

10/27 08:55 CDT

Freeman Gold Announces Phase 2 Lemhi Resource Expansion and Beauty Zone Drill Program VANCOUVER, BC, Oct. 27, 2021

Phase 2 - >4,000 m diamond drill program

* >3,200 metres testing strike extensions, primarily to the east and west of the current resource * 400 metre drill hole to test depth extent of gold mineralization at Lemhi * 400 metres of exploration drill holes at the Beauty Zone

CANADIAN SECURITIES EXCHANGE: FMAN

VANCOUVER, BC, Oct. 27, 2021 /PRNewswire/ - Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) ("Freeman" or the "Company") is pleased to announce its Phase 2 diamond drill program at the Lemhi Gold Deposit ("Lemhi") and the new Beauty Zone ("Beauty Zone"). The proposed >4,000 m drill program focuses on adding near surface, oxide ounces to the recently reported maiden Mineral Resource Estimate on July 8, 2021. Drilling will also test the recently delineated Beauty Zone which lies approximately 600 metres west of Lemhi and host to a number of high-grade gold rock samples and coincident gold soil geochemistry.

"We are embarking on a second phase of diamond drilling focusing on ground (patented mining claims) that gives Freeman the highest probability of adding ounces to our resource base. The on-strike east and west extensions at Lemhi are key as these would provide new ounces within our current conceptual pit outline. As well, the Lemhi deposit has never been tested at depth beyond 286 metres where a number of holes were terminated in gold mineralization. Freeman plans to test mineralization at depth with at least one >400 m drill hole. We are also excited about testing the newly identified high grade Beauty Zone which returned 52 rock samples over 1 gram per tonne ("g/t") gold ("Au") and 28 over 10 g/t Au with coincident anomalous gold soil geochemistry," remarked Paul Matysek, Executive Chairman.

Over 90% of the total drilling is anticipated to occur at Lemhi, while the remaining drilling will test the Beauty Zone. Of the 3,600 metres to be drilled at Lemhi, 3,025 metres are focused on resource expansion on strike down to a maximum depth of 300 metres below surface. These holes will follow up on drill holes from previous campaigns that remain open, such as FG20-24C which returned 0.4 g/t Au over 72 metres on section 429825N. One drill hole will test the depth potential at Lemhi down to 400 metres below surface; the hole will also infill in the shallower portions between drill holes FG20-17C (151m @ 2.5 g/t Au) and 35C (189m @ 0.54 g/t Au). A single infill hole is planned on section 429952N where a gap in the mineralization is present.

Figure 1 shows the proposed drilling plan map. Table 1 provides details on a hole-by-hole basis. Sections referred to on the Table can be viewed at www.freemangoldcorp.com.

Table 1. Fall 2021 Drilling - Lemhi Project

ProposedHole ID Project Azimuth Dip Depth Hole Type Comment (m)

FG21-001 Beauty 0 -90 100 Exploration Drill test Beauty Zone

FG21-002 Beauty 230 -65 100 Exploration Drill test Beauty Zone

FG21-003 Beauty 0 -90 200 Exploration Drill test Beauty Zone

Test Mineralization at Resource depth. Section 430000N.FG21-004 Lemhi 0 -90 400 Expansion & Infill between Infill FG20-17C (151m @ 2.5 g/t Au) and 35C (189m @ 0.54 g/t Au).

FG21-005 Lemhi 270 -68 250 Resource 90m stepout to the West. Expansion Section 429625N

FG21-006 Lemhi 270 -70 250 Resource Step out to the southwest. Expansion Section 429700N.

FG21-007 Lemhi 0 -90 250 Resource Step out to the southwest. Expansion Section 429775N.

90m step out to the Resource Southwest. Follow upFG21-008 Lemhi 0 -90 250 Expansion FG20-24C (72m @ 0.4 g/t Au) and 1980's drilling. Section 429825N.

FG21-009 Lemhi 0 -90 300 Resource Step out to the East. Expansion Section 429800N

FG21-010 Lemhi 0 -90 300 Resource Step out to the East. Expansion Section 429850N

FG21-011 Lemhi 0 -90 300 Resource 90m stepout to the West. Expansion Section 429900N

Resource 40m stepout to the West ofFG21-012 Lemhi 0 -90 300 Expansion 1980's drilling. Section 429950N

Infill gap in drilling inFG21-013 Lemhi 0 -90 250 Infill resource area. Section 429950N.

FG21-014 Lemhi 0 -90 225 Resource Stepout 40 m to the Expansion North-East. Section 429975N

FG21-015 Lemhi 0 -90 300 Resource 90m stepout to the West. Expansion Section 429975N

FG21-016 Lemhi 0 -90 300 Resource 85m stepout to the West. Expansion Section 430000N

All drill rock samples are sent to ALS Minerals Division, Vancouver, BC, an independent and fully accredited laboratory in Canada for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy. Freeman has a regimented Quality Assurance, Quality Control program where at least 10% duplicates, blanks and standards are inserted into each sample shipment. Rock grab samples are by their nature selective and are not necessarily indicative of the general geology or the grade within the Lemhi Gold property.

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 project hosts a near surface, shallow, high grade oxide gold resource. The pit constrained National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate is comprised of 749,800 ounces ("oz") gold at 1.02 grams per tonne in 22.94 million tonnes (Indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). See the NI 43-101 technical report titled "Maiden Resource Technical Report for the Lemhi Gold Project, Lemhi County, Idaho, USA" with an effective date of June 1, 2021, and signing date of July 30, 2021, as prepared by APEX Geoscience Ltd. and F. Wright Consulting Inc. available under the Company's profile on SEDAR (www.sedar.com). The Company is focused on growing and advancing the Lemhi Project towards a production decision. The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geol., VP Exploration of the Company and a Qualified Person as defined by NI 43-101.

On Behalf of the CompanyWilliam RandallPresident & 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.

View original content to download multimedia: https://www.prnewswire.com/news-releases/freeman-gold-announces-phase-2-lemhi-resource-expansion-and-beauty-zone-drill-program-301409893.html

SOURCE Freeman Gold Corp.