Mr. Bassam Moubarak reports

FREEMAN GOLD WELCOMES STRATEGIC INVESTOR BRIAN PAES-BRAGA AS INSIDER

Freeman Gold Corp. has added a new strategic insider to its shareholder base. Freeman welcomes Brian Paes-Braga, marking a significant milestone in the company's growth trajectory. This addition reflects strong confidence in Freeman's vision and the long-term potential of its flagship Lemhi gold project in Idaho, United States.

Bassam Moubarak, chief executive officer of Freeman Gold, commented: "We are thrilled to welcome Brian as an investor in Freeman. His support underscores the strength of our asset. This partnership aligns with our commitment to advancing the Lemhi project toward production and delivering long-term value to all shareholders."

Mr. Paes-Braga commented: "Lemhi project represents a unique opportunity to unlock significant value through responsible development and strategic execution in mining-friendly Idaho, United States. I believe the asset has been overlooked by the market, management has the vision and the potential to build a successful gold company. I look forward to supporting the team as they advance toward production and create long-term value for all stakeholders."

The company has been advised that following open market purchases through alternative trading platforms by Mr. Paes-Braga (the acquiror) of five million common shares of the company at a price of 21.08 cents per common share for total consideration paid by the acquiror of $1,054,200, the acquiror has beneficial ownership, control or direction of 15.65 million common shares representing 5.09 per cent of the issued and outstanding common shares, and would have beneficial ownership, control or direction of 37,541,110 common shares representing 11.39 per cent of the common shares on a partially diluted basis assuming the conversion or exercise of convertible debentures, warrants and stock options of the company held by the acquiror. The acquiror has beneficial ownership of $1-million of convertible debentures representing 20.00 per cent of the issued and outstanding convertible debentures, 15,555,555 warrants representing 15.26 per cent of the issued and outstanding warrants, and 780,000 stock options representing 3.29 per cent of the issued and outstanding stock options. Prior to the acquisition, the acquiror had beneficial ownership, direction or control of 10.65 million common shares, representing 3.46 per cent of the issued and outstanding common shares. The company has been advised that the acquiror acquired these securities for investment purposes and the acquisition will be disclosed in an early warning report to be filed under the company's SEDAR+ profile. The acquiror may in the future acquire or dispose of securities of the company through the market, privately or otherwise, as circumstances or market conditions warrant.

Mr. Paes-Braga is the managing partner at SAF Group, he is executive chairman of NG Energy International Corp., and is the founder, CEO and chairman of The Metals Royalty Co. Mr. Paes-Braga attended the Owner President Management (OPM) program at Harvard Business School.

About Freeman Gold Corp. and project

Freeman Gold 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 comprises 988,100 ounces gold (oz Au) at 1.0 gram per tonne (g/t) in 30.02 million tonnes (4.7 million tonnes measured (168,800 oz) and 25.5 million tonnes indicated (819,300 oz)) and 256,000 oz Au at 1.04 g/t Au in 7.63 million tonnes (inferred). The company is focused on growing and advancing the project toward a production decision. To date, 525 drill holes and 92,696 m of drilling has historically been completed.

The recently updated price sensitivity analysis (see Freeman's news release dated April 9, 2025) shows a PEA with an after-tax net present value (5 per cent) of $329-million (U.S.) and an internal rate of return of 28.2 per cent using a base case gold price of $2,200 (U.S.)/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; life-of-mine cash costs of $925 (U.S.)/oz Au; and, all-in sustaining costs of $1,105 (U.S.)/oz Au using an initial capital expenditure of $215-million (U.S.).

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

We seek Safe Harbor.