Mr. Michael Parker, a shareholder, reports

MICHAEL A. PARKER ACQUIRES SECURITIES OF FREEMAN GOLD CORP.

Michael A. Parker (the acquirer) has indirectly acquired ownership and control of 14,166,667 common shares (the subject shares) of Freeman Gold Corp., effective July 11, 2025. The subject shares were acquired upon exercise of an aggregate of 14,166,667 share purchase warrants, each of which was exercisable at eight cents per subject share (the warrant exercise).

On a preacquisition basis, the subject shares represent approximately 6.5 per cent of all issued and outstanding common shares of the company as of July 11, 2025, resulting in a corresponding change to the aggregate percentage ownership of the company by the acquirer.

Immediately before the acquisition, the acquirer and his joint actors held an aggregate of 14,166,667 common shares of the company and the 14,166,667 warrants, representing approximately 6.5 per cent of the preacquisition issued and outstanding shares on July 11, 2025 (or approximately 12.2 per cent on a partially diluted basis, assuming exercise of the warrants only), all of which were held by joint actors of the acquiror. Immediately following the acquisition, the acquirer and his joint actors held an aggregate of 28,333,334 common shares of the company (inclusive of the subject shares), representing approximately 12.2 per cent of all issued and outstanding shares as of July 11, 2025, all of which were held by joint actors of the acquiror.

The subject shares were acquired pursuant to the warrant exercise for a price of eight cents per subject share. The holdings of securities of the company by the acquirer are managed for investment purposes, and the acquirer and/or his joint actors could increase or decrease their respective investments in the company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor.