Mr. William Randall reports

FREEMAN GOLD REPORTS ON THE BEAUTY ZONE - A HIGH GRADE GOLD TARGET ADJACENT TO LEMHI GOLD RESOURCE

Freeman Gold Corp. has released geochemical results from the newly discovered Beauty zone. This zone lies approximately 600 metres west of the Lemhi gold deposit where Freeman recently reported a maiden mineral resource estimate on July 8, 2021 .

The untested Beauty zone lies wholly within Freeman's patented mining claims and is defined by a 350-metre-by-250-metre coincidental gold-in-rock and soil anomaly. Sections of this zone were hydraulically mined between 1890 and the early 1900s. The Beauty zone was first identified from prospecting during the 2020 fieldwork program, described as target 1 in the press release dated May 6, 2021.

"With the discovery of the Beauty zone, we have added a high-quality target to our resource potential," commented Paul Matysek, executive chairman. "We are very excited about the prospects of adding near-surface, high-grade oxide ounces near Lemhi. The similarities between their geological settings and the very prospective geochemical results are striking. It's a beauty. Drill pads are being constructed for drill testing."

In total, 105 rock grab and 347 soil samples have been collected in and around the Beauty zone. A total of 52 rock samples returned values greater than one gram per tonne (g/t) gold (Au), 39 with values greater than five g/t Au and 28 samples with greater than 10 g/t Au (up to 450 g/t Au). Rock samples are heavily oxidized and silicified at surface.

One contrast to mineralization at the Lemhi gold deposit is the presence of associated silver in many of the anomalous rock samples. Of the 105 rock grab sample results received to date, 48 samples at the Beauty zone contain greater than 10 g/t silver (Ag) (up to 219 g/t Ag). Furthermore, the anomalous rock grabs coincide with a gold-in-soil anomaly (identified by Freeman during the 2020/2021 exploration campaigns) which is approximately 350 by 250 metres.

The Beauty zone target is hosted in Proterozoic siltites and quartzites similar to the Lemhi gold deposit. The target area is structurally complex. Within the centre of the Beauty zone is an interpreted northeast-southwest-striking fault. The host metasediments dip in opposite directions on either side of this fault (northwest in the east block and southeast in the west block). Although there is a limited amount of outcrop exposed, it appears that gold-silver mineralization is hosted in northwest-southeast-oriented quartz veins which follow jointing patterns running subperpendicular bedding and the northeast-trending fault. A fold observed in the outcropping quartz veins has rock grab samples containing 46 g/t Au and 56 g/t Ag. These high-grade quartz veins exposed at surface represent a compelling target with respect to gold-silver mineralization on the property.

Recently, Freeman re-established road cuts over the Beauty zone target and exposed additional outcrops containing quartz veins, altered and oxidized siltites, silicified siltites and/or quartzites, fault gouges, and folded stratigraphy. The outcrops are all currently being mapped and rock channel sampled. Drill pads are being constructed for initial drill testing.

All drill rock samples are sent to ALS, Vancouver, B.C., an independent and fully accredited laboratory in Canada for analysis for gold by fire assay and multielement induction coupled plasma spectroscopy. Freeman has a regimented quality assurance/quality control program where at least 10 per cent duplicates, blanks and standards are inserted into each sample shipment. Additionally, soil samples were sent to SGS Canada Inc. and analyzed using ionic leach (IL) method. Rock grab samples are by their nature selective and are not necessarily indicative of the general geology or the grade within the property.

About Freeman Gold Corp.

Freeman Gold is a mineral exploration company focused on the development of its 100-per-cent-owned Lemhi gold property. The Lemhi project comprises 30 square kilometres of highly prospective land. The project hosts a near-surface, shallow, high-grade oxide gold resource. The pit-constrained National Instrument 43-101-compliant mineral resource estimate comprises 749,800 ounces (oz) gold at 1.02 g/t in 22.94 million tonnes (indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (inferred). The company is focused on growing and advancing the Lemhi project toward a production decision. The technical content of this news release has been reviewed and approved by Dean Besserer, PGeol, vice-president of exploration for the company and a qualified person as defined by National Instrument 43-101.

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