Mr. Bassam Moubarak reports

FREEMAN GOLD ADVANCES BASELINE SOIL AND GEOCHEMISTRY PROGRAMS AT THE LEMHI GOLD PROJECT

Freeman Gold Corp. has commenced baseline soil and geochemistry programs at its 100-per-cent-owned Lemhi gold project in Lemhi county, Idaho.

The programs are designed to advance the environmental characterization of the Lemhi gold project and generate important baseline data to support project planning, reclamation and closure planning, environmental review, and future permitting activities.

Highlights:

• Baseline soil surveys are under way across approximately 1,300 acres, representing the general premining disturbance footprint of the Lemhi gold project.
• The soil program includes detailed soil observations, descriptions, soil sampling, classification and mapping to characterize soil resources and support development of a future soil salvage and reclamation plan.
• Soil samples are being analyzed for a comprehensive suite of physical, agronomic and geochemical parameters, including pH, particle size, cation exchange capacity, nutrients, carbon, sulphur and selected metals.
• The company is also advancing a phase 1 geochemical characterization program designed to evaluate the potential for mine materials, including waste rock, wall rock, ore, tailings and borrow materials, to generate acid drainage or leach constituents of potential concern.
• Phase 1 geochemical testing includes acid base accounting (ABA), net acid generation (NAG), elemental analysis, mineralogy and synthetic precipitation leaching procedure (SPLP) testing.
• Results from the programs will contribute to the environmental and technical database supporting future mine planning, environmental management, permitting and feasibility-level studies.

Baseline soil program

The baseline soil program is being conducted by GSI Environmental Inc. and Catena Consulting LLC across approximately 1,300 acres within the broader Lemhi gold project area. The survey area represents the general premining disturbance footprint, and excludes existing roads, exploration pads and other previously disturbed areas.

Field activities include full descriptions and routine soil observations, hand excavation and augering, characterization of soil depth, texture and coarse fragments, collection of representative samples, and preliminary soil classification and mapping. The work is intended to provide data for soil salvage planning, environmental review and compliance with applicable Salmon-Challis National Forest requirements.

The current August field program includes final field investigations, laboratory data review, soil classification and mapping. In addition, approximately 55 soil samples are planned for multielement analysis as part of the evaluation of potential growth media for mine closure.

Laboratory analysis includes physical and agronomic characteristics such as particle size, pH, cation exchange capacity, conductivity, nitrogen, phosphorus, sulphur, and total and organic carbon, together with selected deleterious metals.

Phase 1 geochemistry program

Freeman is also advancing a phase 1 geochemical characterization program under the direction of GSI. The program is designed to characterize the geochemical properties of mine materials. Results will help: identify potential environmental risks associated with proposed operations and the required mitigation plan; inform future water and waste management strategies; and support permitting and other environmental studies.

The program uses existing exploration, geological, assay and mine planning information to select representative samples of ore, waste rock, wall rock, tailings and borrow materials. Test results will estimate the potential for mine materials to generate acid drainage and leach deleterious elements. Phase 1 testing includes conventional static geochemical methods:

• Acid base accounting (ABA) and associated confirmation tests;
• Elemental composition;
• Mineralogy;
• Batch leach testing.

Bassam Moubarak, chief executive officer of Freeman, commented: "The commencement of these baseline programs represents another important step in advancing the Lemhi gold project. Building a comprehensive environmental and geochemical database is critical as we continue to derisk the project. The soil work will provide important information for reclamation and closure planning, while the geochemical characterization program will help us better understand the behaviour of potential mine materials and guide future mine planning, permitting and environmental management."

About Freeman Gold Corp.

Freeman Gold is a Canadian-listed gold development company focused on advancing the 100-per-cent-owned Lemhi gold project in Lemhi county, Idaho. The company is led by an experienced management team and board with proven records in mine development, project financing and value creation in the mining sector. Freeman has recently commenced advance permitting and baseline characterization for the Lemhi gold deposit, representing a key step in the company's strategy to move the Lemhi project assertively toward future development and production.

Freeman's 100-per-cent-owned Lemhi gold project is supported by a 2026 feasibility study confirming a proven and probable mineral reserve of approximately 1.0 million ounces of gold and a 15.2-year mine life. At a base-case gold price of $3,650 (U.S.) per ounce, the project demonstrates a posttax NPV (net present value) (5 per cent) of $696-million (U.S.), a 34.4-per-cent IRR (internal rate of return) and a 2.5-year payback period. The project is designed as a conventional open-pit, carbon-in-leach operation with an average life-of-mine recovery of 94.8 per cent and significant exploration upside beyond the current reserve. Located in Idaho, a well-established U.S. mining jurisdiction, Lemhi is advancing through permitting, engineering, financing and development activities.

The project comprises 30 square kilometres of highly prospective land, hosting a near-surface oxide gold resource. The pit-constrained mineral resource estimate at a cut-off of 0.2 gram per tonne (g/t) gold (Au) comprises a measured mineral resource of 8,356,000 tonnes at 0.92 g/t Au for 247,000 ounces (oz) of gold, an indicated mineral resource of 39,954,000 tonnes at 0.76 g/t Au for 974,000 oz of gold and an inferred mineral resource of 10,683,000 tonnes at 0.70 g/t Au for 240,000 oz of gold*. To date, 525 drill holes and 92,696 metres of drilling have been completed (see the technical report referred to under qualified person below).

* Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Qualified person

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

The mineral resource and mineral reserve estimates and feasibility study results referred to in this news release are derived from the technical report, entitled "Lemhi Gold Project NI 43-101 Technical Report and Feasibility Study," with an effective date of June 29, 2026, and a report date of Aug. 13, 2026, available under the company's profile on SEDAR+. The technical report was prepared by: Kevin Murray, PEng, Scott Elfen, PEng, and Peter Mehrfert, PEng, each of Ausenco Engineering Canada ULC; Michael Dufresne, PGeo, of APEX Geoscience Ltd.; Kyle Brangers, CPG, of GSI Environmental Inc.; and Marc Schulte, PEng, of Moose Mountain Technical Services, each of whom is a qualified person as defined by NI 43-101 and independent of the company.

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