Mr. Bassam Moubarak reports

FREEMAN SUBMITS APPLICATION FOR LAND INTERCHANGE UNDER SMALL TRACTS ACT WITH THE US FOREST SERVICE

Freeman Gold Corp. has submitted an application for a land interchange as part of the Small Tracts Act with the U.S. Forest Service at the 100-per-cent-owned Lemhi gold project in Idaho.

Currently, there are several slivers of national forest land that lie within the 30-square-kilometre (7,400-acre) Lemhi gold project area. Freeman has submitted an STA application to the USFS to exchange approximately 40 acres of this land for parcels of equal value outside of the project area without a formal appraisal. Upon completing the transfer, the project area will be unencumbered by conflicting land use classifications simplifying mine permitting and development.

All parcels to be acquired by Freeman through the interchange are mineral survey fractions as defined in 36 CFR paragraph 254.31 -- that is, they are small parcels of national forest system lands interspersed with or adjacent to lands transferred out of federal ownership under the mining laws. The claims under application either are surrounded by or intrude into adjacent patented claims, adversely affecting the efficient development of the mineral resource in Freeman's patented claims. Interchange of the parcels would facilitate the orderly and efficient development of the mineral resource in the patented claims.

The USFS has both encouraged the application and has acknowledged the receipt of the submission.

Mr. Moubarak commented: "We appreciate the help of the U.S. Forest Service in consolidating our land position. As we advance our project forward, this will certainly help simplify our permitting process."

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 oz, 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 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, vice-president, exploration, of the company, a qualified person as defined by the National Instrument 43-101.

We seek Safe Harbor.