Mr. Gord Friesen reports

FREEPORT RECEIVES EXTENSIONS FOR STAR MOUNTAINS TENEMENTS EL 2467, EL 2001 AND EL 1781

Freeport Resources Inc.'s applications to extend exploration licences EL 2467 Mount Abemh, EL 2001 Benstead and EL 1781 Mount Scorpion have been granted by the minister with effect from Dec. 2, 2020, Dec. 20, 2020, and March 12, 2020, respectively, for a term of two years. The PNG mining cadastre portal indicates that the renewal for EL 1335 Yandera is awaiting ministerial endorsement.

About Freeport Resources Inc.

Freeport is a copper-centric resource company based in Vancouver, B.C. It is focused on the development of its copper and gold projects principally located in Papua New Guinea.

Dr. Nathan Chutas, PhD, CPG, senior vice-president of operations for the company, is a qualified person for the purposes of National Instrument 43-101. Dr. Chutas has reviewed and approved the technical content in this news release.

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