Mr. Bassam Moubarak reports

FREEMAN COMPLETES THIRD SEASON OF BASELINE WATER QUALITY MONITORING AT THE LEMHI GOLD PROJECT, IDAHO

GSI Environmental Inc. has completed the third and final season of Freeman Gold Corp.'s baseline water quality monitoring program at the company's 100-per-cent-owned Lemhi gold project located in Lemhi county, Idaho.

Freeman's baseline water quality monitoring program includes sampling and monitoring at 12 wells and five surface water sites situated across Freeman's patented claims. Over the past three years, 12 quarters of sampling have been conducted at the site, providing a robust data set to initiate the application for a point of compliance determination from the Idaho Department of Environmental Quality. The POC determination is a crucial permit in Idaho, detailing the monitoring, sampling and reporting requirements to ensure mining activities do not adversely affect groundwater quality. Applicants must establish baseline water quality conditions for groundwater with at least 12 samples from each monitoring point. With these samples collected, Freeman is positioned to begin the POC application process in 2025, marking a significant milestone toward securing one of the major permits necessary to support mine development and operations.

About Freeman Gold Corp.

Freeman is a mineral exploration company focused on the development of its 100-per-cent-owned Lemhi gold property. The project comprises 30 square kilometres of highly prospective land, hosting a near-surface oxide gold resource. The pit-constrained National Instrument 43-101-compliant mineral resource estimate is composed of 988,100 ounces gold at 1.0 gram per tonne in 30.02 million tonnes (measured and indicated) and 256,000 oz Au at 1.04 g/t Au in 7.63 million tonnes (inferred). The company is focused on expanding and advancing the project toward a production decision.

The recently completed preliminary economic assessment shows: an after-tax net present value (5 per cent) of $212.4-million (U.S.) and an internal rate of return of 22.8 per cent using a base-case gold price of $1,750 (U.S.) per ounce, and an after-tax NPV (5 per cent) of $345.7-million (U.S.) and an IRR of 31.9 per cent using a spot gold price of $2,042.60 (U.S.) per oz; average annual gold production of 75,900 oz Au for a total life of mine of 11.2 years; payable output of 851,900 oz Au; LOM cash costs of $809 (U.S.) per oz Au; and all-in sustaining cash costs of $957 (U.S.) per oz Au using an initial capital expenditures of $190-million (U.S.).

The technical content of this release has been reviewed and approved by Dean Besserer, PGeo, the vice-president, exploration, for the company, a qualified person as defined by the National Instrument 43-101.

We seek Safe Harbor.