Freegold intersects 3.59 g/t Au over 143.7 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 , Aug. 26, 2026 /CNW/ -- Freegold Limited ("Freegold") (TSX: FVL) (OTCQX: FGOVF) reports additional drill results from its Golden Summit program in Alaska.

The additional results reported below are part of Freegold's 2026 program at Golden Summit, intended to support a more clearly defined development scenario with a scalable approach. The program focuses on building resource confidence, advancing metallurgical and geotechnical inputs, and supporting an updated Mineral Resource Estimate for use in the targeted 2027 PFS.

Tighter drill spacing is intended to confirm grade continuity and better define geological controls in key areas. With six rigs operating, Freegold is advancing drilling, metallurgical work and geotechnical programs in parallel. The geotechnical program includes field-based logging and rock-quality assessment, to be followed by laboratory testing of selected core samples to measure rock strength and support slope-stability and pit-design assumptions for the PFS.

The drill results in this release support the ongoing and broader objective of advancing Golden Summit toward defined resource and project development milestones:

Refining geological controls and drill density in key zones to support an updated Mineral Resource Estimate that incorporates 2026 drill program data for use in the targeted PFS.

Testing grade continuity in the Dolphin, Cleary and WOW zones, while further evaluating the Tamarack Zone and the Cleary gap.

Completing condemnation drilling to delineate the limits of mineralization, support starter-pit evaluation and help define areas suitable for future project infrastructure.

Advan