Mr. Bassam Moubarak reports

FREEMAN GOLD ANNOUNCES APPOINTMENT OF JUSTIN BILLS AS VICE PRESIDENT, ENVIRONMENT & EXTERNAL RELATIONS

Freeman Gold Corp. has appointed Justin Bills as vice-president, environment and external relations. In this role, Mr. Bills will lead the company's environmental, social and governance (ESG) strategy, and oversee stakeholder engagement, community relations and permitting initiatives, with a primary focus on advancing the Lemhi gold project in Idaho.

Mr. Bills brings extensive experience in permitting, regulatory affairs and stakeholder engagement across the mining sector. He has a strong record of successfully guiding projects through complex federal, state and local permitting processes, while building constructive relationships with indigenous groups, local communities and government agencies.

Mr. Bills is a sustainability and environmental leader with over 15 years of experience in the mining, infrastructure and consulting sectors. His career has focused on advancing resource projects through environmental permitting, regulatory strategy and stakeholder engagement across North America.

Prior to joining Freeman, Mr. Bills served as principal and mining practice lead at Geosyntec Consultants, where he supported mining clients through all phases of project development, including baseline studies, environmental permitting and regulatory strategy.

His work included projects across a range of permitting and environmental initiatives at both operating and legacy mine sites, including support for environmental compliance and regulatory programs at the Pennsylvania mining complex, Leer, Leer South and West Elk mines, as well as environmental compliance support at the Haile gold mine in South Carolina.

He has also held direct operational leadership roles, including as environmental and sustainability manager for Cripple Creek and Victor gold mine in Colorado, where he was responsible for overseeing permitting and environmental compliance programs, and the integration of sustainability and reclamation initiatives within site operations.

At Freeman, Mr. Bills will play a key role in supporting the advancement of the Lemhi gold project through the permitting phase, ensuring alignment with regulatory requirements and best practices in environmental stewardship and community engagement.

"We are very pleased to welcome Justin to the Freeman team," said Bassam Moubarak, chief executive officer of Freeman. "His expertise in permitting and external relations will be instrumental as we continue to advance the Lemhi gold project. Establishing a strong foundation of environmental responsibility and community trust is central to our development strategy, and Justin's leadership will be critical in achieving these objectives."

Mr. Bills commented: "I am excited to join Freeman at this important stage of development. The Lemhi gold project represents a significant opportunity, and I look forward to working collaboratively with stakeholders to advance the project in a responsible and transparent manner."

The company continues to prioritize sustainable development practices and pro-active engagement as it progresses the Lemhi gold project toward the next stages of development.

Lemhi feasibility study update

The company expects the feasibility study to be completed in Q2 2026. The delay in finalization of the feasibility study is due to additional optimization work relating to the company's permitting strategy and optimization of process facilities.

Equity grant to management

The company also announces that in connection with Mr. Bills's appointment as vice-president, environment and external relations, he has been granted 750,000 incentive stock options, pursuant to the company's stock option plan. The options vest over a three-year period and are each exercisable to purchase one common share of the company at an exercise price of 31 cents for a period of five years.

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 mineral resource estimate at a 0.2 g/t Au cut-off comprised 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.

The recently updated price sensitivity analysis (see Freeman's news release dated April 9, 2025) shows a PEA (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.)/ounce; 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.).

Freeman has recently commenced advance permitting and baseline characterization for the Lemhi gold deposit. This work represents a key step in Freeman's strategy to move the Lemhi gold project assertively toward future development and production.

* Note: Mineral resources that are not mineral reserves do not have demonstrated economic viability. The preliminary economic assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

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

We seek Safe Harbor.