Mr. William Randall reports

FREEMAN GOLD ANNOUNCES PHASE 2 LEMHI RESOURCE EXPANSION AND BEAUTY ZONE DRILL PROGRAM

Freeman Gold Corp. has begun its phase 2 diamond drill program at the Lemhi gold deposit and the new Beauty zone. The proposed over-4,000-metre 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 over-400-metre drill hole. We are also excited about testing the newly identified high-grade Beauty zone which returned 52 rock samples over one 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 per cent 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 (151 metres (m) at 2.5 g/t Au) and 35C (189 m at 0.54 g/t Au). A single infill hole is planned on section 429952N where a gap in the mineralization is present.

The attached table provides details on a hole-by-hole basis.

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. 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 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 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). 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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