Freegold intercepts 1.48 g/t Au over 176.8 m at Golden Summit

Canada NewsWire SIX RIGS ACTIVE AS GOLDEN SUMMIT ADVANCES TOWARD PFS INFILL DRILLING FOCUSED ON INCREASING CONFIDENCE IN THE HIGHER-GRADE AREA DISTRICT-SCALE GROWTH POTENTIAL REMAINS OPEN ALONG TREND VANCOUVER, BC , July 21, 2026 /CNW/ -- Freegold Limited ("Freegold") (TSX: FVL) (OTCQX: FGOVF) reports additional drill results from its Golden Summit program in Alaska, where six rigs are advancing infill drilling, metallurgical testing and technical studies to support an updated mineral resource estimate and the 2027 Pre-Feasibility Study ("PFS"). Dolphin Area (GS2613, GS2617, GS2620, and GS2622) Results from the Dolphin Area continue to demonstrate continuity and locally higher-grade mineralization within the broader trend. Mineralization continues to extend to the north, and additional drilling will follow up on these promising results.

GS2613  and  GS2617 were drilled in the northern Dolphin Area on section 479050E, across the centre of the Dolphin mineralized body. Both holes extended mineralization farther north within the Cleary Road Cut Shear ("CRCS") hanging wall block. GS2617 returned 70.8   m of 1.33 g/t Au from 147.7 m to 218.5 m within the deformation zone.

GS2620 intersected 33.7 m of 1.59 g/t Au  from 452 m within a broad zone of mineralization starting at 210.6 m to end of hole. This interval is near the bottom of the hole and drilling was terminated before the planned depth (700 m) within a zone of fault gouge. GS2622 was drilled steeply across the northern margin of the granodiorite-tonalite stock at the centre of the Dolphin Area.

It intersected 176.8 m of 1.48 g/t Au starting at 389.2m and including 45.8m grading 3.09 g/t Au. Cleary Area (GS2611, GS2614, GS2615, GS2618, GS2619 and GS2621) A series of shallow holes in the Cleary Area is designed to better define the limits of mineralization