Mr. Blaine Monaghan reports

FREMONT IDENTIFIES POSSIBLE EXTENSION TO THE GOLD BAR MINE NEVADA

Fremont Gold Ltd. has identified several highly prospective drill targets at the company's Gold Bar project located in Eureka county, Nevada. A recently completed soil sampling program, based on a new structural interpretation, has identified coincident gold and mercury geochemical anomalies, and suggests that gold mineralization related to the historic Gold Bar mine may extend to the southeast. Fremont will look to drill test these promising targets early next year.

Gold Bar exploration highlights:

• Geochemical sampling has defined coincident gold and mercury soil anomalies, approximately two kilometres by one kilometre in size, in the southeastern portion of the Gold Bar project. Mercury is an important pathfinder for gold in Carlin-type deposits.
• The gold and mercury anomalies occur southeast of the historic Gold Bar mine in areas thought by Fremont to be underlain by the Devonian Denay limestone and the Mississippian Webb formation, both known to host gold mineralization in the Gold Bar district.
• The soil anomalies suggest northwest-southeast and north-northeast-south-southwest mineralized structures intersect in the areas of the soil anomalies, which were never drilled by previous operators.

Clay Newton, Fremont's vice-president of exploration, commented: "Whereas historic drilling was confined to a corridor directly southeast of the historic Gold Bar mine, Fremont believes that the mineralization at the Gold Bar deposits, both the historic Gold Bar mine and the Millsite deposit, are offset by a series of left-lateral, northeast-southwest-trending faults. This new interpretation means that the southern extension of potential mineralization related to the historic Gold Bar mine is likely offset to the northeast. This interpretation was corroborated by our soil sampling program, which revealed anomalous gold and mercury in soils in areas never previously drilled. The next step for Fremont is to drill test these targets in the hopes of discovering a new Carlin-type deposit."

History of the Gold Bar district

Fremont's Gold Bar and Gold Canyon properties are both former mines in the Gold Bar district in Eureka county, Nevada, an active mining area in the Roberts Mountains within the Battle Mountain-Eureka trend. The district contains several Carlin-style sediment-hosted gold deposits including McEwen Mining Inc.'s Gold Bar project, which is scheduled to produce 62,800 ounces Au per year at $770 per ounce starting in early 2019.

Fremont's Gold Bar and Gold Canyon projects are adjacent (west) and immediately north of McEwen's Gold Bar project. While McEwen's project and Fremont's project share the same name, the historic Gold Bar mine is held by Fremont. McEwen's project comprises four of the five satellite pits to the historic Gold Bar mine, whereas Fremont controls the remaining satellite pit, Gold Canyon. Gold Canyon is adjacent to, and directly northwest of, McEwen's project, approximately 800 metres from McEwen's Gold Ridge deposit. Gold Canyon produced approximately 41,000 ounces gold from 1990 to 1994 and a stockpile of previously mined ore still exists at site.

Fremont's Gold Bar project contains the historic Gold Bar mine, which produced 286,354 ounces of gold from 1986 to 1994, and the Millsite deposit, which hosts a historic resource of 147,000 ounces of gold (1.62 million tonnes of 2.57 grams per tonne gold). Millsite is believed to be a faulted offset of the historic Gold Bar mine and is located to the northwest of the open pit.

Description of methodology

Soil samples were taken at 60-metre intervals along northeast-southwest lines 300 metres apart. The samples were analyzed by the ionic leach method of ALS Global analytical laboratory in Vancouver, B.C., Canada. The data presented here were smoothed by using a five-point moving average along the soil lines and gridded by a kriging method.

Qualified person

Dr. Maury Newton is currently employed as vice-president of exploration of Fremont Gold and is not independent of Fremont. He is a graduate of North Carolina State University with a bachelor of arts in geology (1977), received a master of science degree in geological sciences (1983) from Virginia Polytechnic Institute and State University and a doctor of philosophy degree in geosciences (1990) from the University of Arizona. He has practised the profession of geology continuously since 1977. He is a registered member in good standing of the Society for Mining, Metallurgy and Exploration (SME No. 4145342RM) and certifies that by reason of his education, affiliation with a professional association (as defined in National Instrument 43-101) and past relevant work experience, he fulfills the requirements to be a qualified person for the purposes of NI 43-101. Dr. Newton has reviewed and approved the technical content of this press release.

About Fremont Gold Ltd.

Fremont Gold's mine finding management team has assembled a portfolio of high-quality gold projects in Nevada, with the goal of making a new discovery. Fremont's Gold Bar and Gold Canyon are past-producing gold mines adjacent to McEwen Mining's Gold Bar project, where mine construction is under way.

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