Freedom Gold names CEO, launches flow-through private placement

Vancouver, British Columbia--(Newsfile Corp. - September 2, 2026) - Freedom Gold Corp. (CSE: FRDM) (formerly SPOD Lithium Corp.) (the " Company " or " Freedom "), is pleased to announce the appointment of Mr. John Shurko as the Chief Executive Officer and a director of the Company, effective immediately.

John Shurko is a mineral exploration executive and entrepreneur with experience advancing exploration projects across Atlantic Canada and the Yukon. Since 2016, he has been directly involved in the planning, coordination and execution of exploration programs with an aggregate value exceeding $1.4 million. His experience includes prospecting, soil geochemistry, core studies, reverse-circulation drilling, more than 4,000 metres of diamond drilling, placer exploration, and the coordination of airborne and ground geophysical programs, including magnetic, TDEM, gravity and induced polarization surveys. Mr. Shurko has extensive experience in project planning, permitting, regulatory compliance, contractor management, landowner and First Nations engagement, field logistics, laboratory coordination and government reporting. He is also the co-founder and President of 21Alpha Resources Inc. In addition to his exploration experience, Mr. Shurko has more than two decades of experience in the film and television industry, primarily as an Assistant Director, where he developed significant experience managing multidisciplinary teams, complex logistics and time-sensitive operations. As President and Chief Executive Officer of Freedom Gold Corp., Mr. Shurko is responsible for corporate leadership, exploration strategy and the advancement of the Company's mineral property portfolio.

In addition, the Company would like to announce the resignation of Ms. Veronique Laberge as the interim Chief Executive Officer and director of the Company. Ms. Laberge will continue to serve as the Chief Financial Officer of the Company.

Flow-Through Financing

Further, the Company is pleased to announce that it intends to complete a non-brokered private placement of up to 4,444,444 flow-through common shares (" FT Shares ") at a price of C$0.18 per FT Share for gross proceeds of up to $800,000 (the " Offering ").

The Company may pay finder's fees on a portion of the Offering to eligible finders.

The gross proceeds from the sale of FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the " Qualifying Expenditures ") related to the Nova Scotia properties, being the Blockhouse Property, the Widow Point Property, the Frenchvale Property and the Westfield Property (the " Properties "), on which the Company entered into an option agreement (see press release dated June 4, 2026). The Company will incur Qualifying Expenditures in an amount equal to the gross proceeds raised from the sale of FT Shares during the period from and after the closing date of the Offering to and including December 31, 2027, and will renounce Qualifying Expenditures to the subscribers with an effective date no later than December 31, 2026.