Mr. Bassam Moubarak reports

FREEMAN GOLD ENGAGES GSI ENVIRONMENTAL TO FAST TRACK LEMHI PERMITTING

Freeman Gold Corp. has engaged GSI Environmental Inc., a leading North American environmental and permitting consultancy, to advance permitting and baseline characterization for the company's flagship Lemhi gold deposit in Lemhi county, Idaho. This work represents a key step in Freeman's strategy to move the Lemhi project assertively toward future development and production.

For more than two decades, GSI has been recognized for delivering innovative, science-driven permitting strategies that streamline project approvals for mining clients across the United States and internationally. Its multidisciplinary team will support Freeman in a comprehensive scope of work that includes:

• Environmental and permitting guidance for the project's feasibility study;
• Baseline environmental studies and reporting;
• Technical studies, modelling and impact assessments;
• Permitting and regulatory compliance support;
• Mitigation strategy and management plan development;
• National Environmental Policy Act compliance;
• Mine closure and reclamation planning.

As Freeman's lead permitting consultant, GSI brings deep experience working with key federal agencies -- including the U.S. Army Corps of Engineers and U.S. Forest Service -- as well as Idaho state regulators such as the Idaho Department of Lands and Idaho Department of Environmental Quality. GSI's proven record in preparing successful permit applications and amendments ensures strong alignment with both federal and state requirements throughout the NEPA process.

As part of the engagement, GSI will contribute to the environmental, social and permitting sections for the FS. This collaboration strengthens Freeman's technical team and ensures the FS reflects the highest standards of environmental planning and compliance.

Work is already under way. GSI has initiated water resource characterization activities, including installing pressure transducers in monitoring wells to collect year-round groundwater data. It is also completing desktop analyses to develop a detailed hydrogeological conceptual site model and a supporting work plan for additional agency-required characterization. These components form the foundation for future water resource assessments and the development of a numerical groundwater model -- critical pieces of the permitting and baseline process.

GSI has also commenced geochemical baseline characterization of ore, waste rock and tailings to evaluate potential water quality impacts during and following mining. Comprehensive static and kinetic testing programs are being designed to support mine planning, environmental management and permitting requirements.

GSI's team has supported permitting and compliance efforts for mining clients throughout the United States and internationally, including:

• Liberty Gold USA Inc. -- Black Pine project (Idaho);
• P4 Production LLC -- Caldwell Canyon (Idaho);
• P4 Production -- Blackfoot Bridge (Idaho);
• Jervois Global -- Idaho cobalt operations (Idaho);
• Burnstone Industries -- Burnstone quarry (Idaho);
• Barrick -- Golden Sunlight mine (Montana);
• Hecla -- Libby exploration project (Montana);
• High Divide Minerals -- Regal mine (Montana);
• High Divide Minerals -- Treasure mine (Montana);
• Surge Battery Metals -- Nevada North lithium project (Nevada);
• Lithium Nevada LLC -- Thacker Pass (Nevada);
• Lithium Nevada -- Western quarry (Nevada);
• Lithium Nevada -- North South exploration project (Nevada);
• Nevada Gold Mines -- Emigrant/Rain mine (Nevada);
• Rawhide Mining Co. -- Rawhide mine (Nevada);
• Coeur Mining Inc. -- Rochester mine (Nevada);
• Coeur Mining -- Kensington mine (Arkansas).

In conjunction with GSI, Freeman has also retained Trinity Consultants Inc. to provide air quality consulting services to support baseline characterization and permitting for the project. Trinity's scope of work will include the following:

• Meteorological and baseline ambient air monitoring and data analysis;
• Development of a facility-wide air emission inventory;
• Air dispersion modelling in accordance with IDEQ and other relevant regulatory requirements.

Trinity's team of consultants provides industry-leading expertise in air quality management, emission control and regulatory compliance to help businesses navigate evolving environmental requirements.

Bassam Moubarak, chief executive officer and director of Freeman, noted: "Securing our mining permit is a critical milestone for the advancement of the Lemhi project. Working with GSI's experienced team, we will derisk the mine permitting process and create long-term value for our shareholders."

Freeman is pleased to be advancing the Lemhi project with the support of highly respected permitting partners and looks forward to continued progress as the FS and permitting programs accelerate.

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 (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 expanding and advancing the project toward a production decision. To date, 525 drill holes and 92,696 metres of drilling have historically been completed (K. Murray, S.C. Elfen, P. Mehrfert, J. Millard, Cooper, M. Schulte, M. Dufresne, National Instrument 43-101 technical report and preliminary economic assessment, dated Nov. 20, 2023, SEDAR+).

The recently updated price sensitivity analysis (see Freeman's news release dated April 9, 2025) shows a preliminary economic assessment 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) 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; life-of-mine cash costs of $925 (U.S.) per oz Au; and all-in sustaining costs of $1,105 (U.S.) per 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, exploration, for the company, a qualified person as defined by NI 43-101.

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