Freegold Ventures Limited · TSX:FVL
Freegold Ventures — Investor Presentation (March 2024)
30 slides from Freegold Ventures's investor presentation, March 2024
Slide 1: Freegold Ventures Limited Investor Presentation March 2024
ZAM FREEGOLD VENTURES LIMITED FVL: TSX FGOVF: OTCOX INVESTOR PRESENTATION MARCH 2024 TRACK RECORD OF LEVERAGING EXPLORATION DOLLARS INTO DISCOVERY exploring one of the largest undeveloped gold resources in North America
Slide 2: Unlocking the Potential of Alaska
ALASKAN BASED EXPLORATION UNLOCKING THE POTENTIAL OF ALASKA - A STATE WITH ABUNDANT RESOURCE OPPORTUNITIES Some of North America’s largest Undeveloped Gold Deposits are located in Alaska including Freegold's Golden Summit Project 12 Moz @ 0.92 g/t Au Indicated (407,544,000 tonnes) 7.7 Moz @ 0.85 g/t
Slide 3: Disclaimer
DISCLAIMER Cautionary Note to Investors This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to future financial or operating performance of the Freegold Ventures Limited, (the "Corporation”) its subsidiaries and their respective
Slide 4: Golden Summit
GOLDEN SUMMIT SIGNIFICANT GOLD PRODUCTION PROJECT AREA GOLDEN SUMMIT IS A MAJOR GOLD RESOURCE Large property with over 80 documented gold occurrences including the district's 4 highest grade underground producers is largely undexplored outside of the Dolphin-Cleary resource GOLD MINE Over 6.75 milli
Slide 5: Tetra Tech Mineral Resource — February 2023
TETRA TECH MINERAL RESOURCE — FEBRUARY 2023 CURRENT PIT CONSTRAINED RESOURCE Pit Constrained @ $1,792 Au Cut Off Au g/t Category Tonnes Au g/t Au Ounces Pit Constrained Oxide 0.15 Indicated 52,030,000 0.39 657,000 0.15 Inferred 18,187,000 0.47 252,000 Pit Constrained Primary 0.45 Indicated 407,544,0
Slide 6: Tetra Tech Mineral Resource — February 2023
TETRA TECH MINERAL RESOURCE — FEBRUARY 2023 A LARGE RESOURCE EVEN AT A HIGHER CUT OFF (0.75 G/T CUT OFF) Pit Constrained @ $1,792 Au Cut Off Au g/t Pee tyay Tonnes Aug/t Au Ounces Pit Constrained 0.75 Indicated 171,605,000 1.36 7,653,000 0.75 Inferred 105,332,000 1.32 4,469,000 Mineralization is hos
Slide 7: 2023 Resource Increased
2023 RESOURCE INCREASED GRADE AND OUNCES 24,000,000 1 n o rs) < 18,000,000 0.75 S S aa xz S 12,000,000 2 05 en <x 3 = H 6,000,000 0.25 & 0 0 2016 2023 2016 2023 Inferred Indicated Grade Gold Resources Resource Grade An increase of 9 times in the indicated category and 5 times in the inferred categor
Slide 8: Geological Setting
GEOLOGICAL SETTING INTRUSIVE HOSTED GOLD The Late Cretaceous Dolphin stock is the same age as the intrusion that hosts the multi- million ounce Fort Knox deposit. -s --7 f > Golden Summit hosts mineralization within the ae yd ; . [——= High Angle Faut intrusive as well as ig Satateae significant mine
Slide 9: Golden Summit
GOLDEN SUMMIT CURRENT RESOURCE AREA AND HISTORIC MINERALIZED VEINS THAT HAVE ONLY SEEN SHALLOW DRILLING FYL:TSX | FGOVE-OTCOK Cleary Hill 281,000 oz @ 1.3 ozt e | 281.000 cz @ 1.3 oct Raa | 40,000 oz @ 1.0 oz/t OVER 6.75 MILLION OUNCES OF PLACER GOLD RECOVERED FROM THE STREAMS THAT DRAIN THE PROJECT
Slide 10: Historical Photos Cleary Hill
HISTORICAL PHOTOS CLEARY HILL UNDERGROUND AND FREEGOLD'S GSDL2001 TARGETING THE HIGH-GRADE VEINS SURROUNDED BY BROADER MINERALIZED ENVELOPES Historical Production from narrow high- grade veins - Cleary Hill 281,000 ounces GSDL2001 returned 188 metres grading 3.69 g/t Au - the longest and highest- gr
Slide 11: Cleary/Dolphin
CLEARY/DOLPHIN PROJECTED HIGHER GRADE CORRIDOR CONFIRMED BY 2020-2023 DRILLING Highest grades continue to be intercepted in the footwall of the Dolphin stock 2023 drill program intersected mineralization west of the current resource. It is still open to the west. FYL:TSX | FGOVE:OTCOX L Drtinote wan
Slide 12: Dolphin Cleary
DOLPHIN CLEARY BROAD ZONES Drilling in 2020- 2023 consistently intersected broad zones of higher grade mineralization oe Infill drilling correlates well ; el with the 2023 Block Model ; ES grades Open to the West and Southwest and to depth © — Freegold 2020 to 2023 Drillhole [__] Golden Summit Proje
Slide 13: Section 478950E
478950E Mineralization dipping to the South over a broad zone Drilling continues to confirm the 2020 interpretation and the 2023 resource block model 13
Slide 14: Section 478650E
478650e Mineralization higher grade and closer to surface Open updip, along strike and to depth Will be tested in 2024 drill program 14
Slide 15: Dolphin Cleary Expansion
DOLPHIN CLEARY EXPANSION WESTERN EXTENSION Golden Summit is un-glaciated and gold-in-soil geochemistry is an excellent indicator of potential gold mineralization in bedrock Gold-in-soil anomaly extends 1.5 km west of the current resource GS2241 drilled to the west intercepted 147 metres - 1.02 g/t A
Slide 16: Section 478500E
—E———— SECTION 478500E: Looking West 500 RL ooo aL Ka most or southwestern hole drilled OPEN returns 1.76 an = oer GS2333 0 50 100m = @ 2020 - 2025 Freegold Drillhole Significant Gold Intercepts I 066-075 ytAu g/t Au over x 0.75-1.50gitAu MM 750 - 3.00 Au 67.1m and 4.09 3.00- 79.00 g/tAu g/t Au over
Slide 17: Identification of New Target Areas
IDENTIFICATION OF NEW TARGET AREAS ee i>: Numerous gold in Soil anomalies >100 ppb Au over 13 km Current Resource contained in a 1.5km by 800 metre area Drillholes - Dolphin/Cleary Zone Multiple Geochemical a Historie Mapped Veins anomalies warrant drill ; aT cotee ieee . r Gold in Soil Samples test
Slide 18: 2023 Drilling Saddle Zone
2023 DRILLING SADDLE ZONE 7 widely spaced exploratory holes were drilled in the Saddle Zone in 2023 Encouraging Results - further drilling warranted FVL:TSX | FGOVE:OTCOX N ° 250 —a ‘American Eagle 60,000 oz @ 1.6 ozit 2028 Freegold Drillhole Historic Production Mineral Occurences. 18
Slide 19: Saddle Zone
SADDLE ZONE Strong gold and silver intercepts Open at depth 19
Slide 20: Metallurgy
METALLURGY Oxidation of the refractory mineralization successfully recovers more than 90% of the gold Oxide Top ~ 70 metres of the deposit are oxide Column test work on the oxide returned better that 85% in 2 weeks Bottle Roll Leach: Transition zone averaged 579 Intrusive zone averaged 56%, Hornfels
Slide 21: Holes drilled in 2023
e 44 holes drilled in 2023 (~26,000 metres) SUILDING le. e Results continue to confirm potential for resource expansion e Assays Pending for 2 holes
Slide 22: Exceptional Infrastructure Differentiates Golden Summit
EXCEPTIONAL INFRASTRUCTURE DIFFERENTIATES GOLDEN SUMMIT FROM OTHER NORTHERN PROJECTS Paved highway from Fairbanks High Tension Powerline within 6 km of Golden Summit Labour and Supplies located in Fairbanks a 30 minute drive Strong Regulatory Framework FYL:TSX | FGOVE-OTCOK GIFAIRBANKS: GOLDEN SUMMI
Slide 23: “THE 2020-2022 DRILL
66 “THE 2020-2022 DRILL PROGRAM WAS TRANSFORMATIONAL. THIS YEAR LOOKS LIKELY TO BE EQUALLY EXCITING, POSSIBLY PIVOTAL” — .,,
Slide 24: Derisking and Advancing Golden Summit
DERISKING AND ADVANCING GOLDEN SUMMIT 2023 Expansion and delineation drilling Dolphin Cleary Zone 37 holes completed Initial test of the area west of Willow Creek - 7 holes Visible gold in core FYL:TSX | FGOVE:OTCOX Exploratory Drilling Saddle Zone 7 holes completed Widely spaced reconnaissance hole
Slide 25: Shorty Creek With Strategic Metal Potential
WITH STRATEGIC METAL POTENTIAL SHORTY CREEK 125 km northwest of Fairbanks off the Elliot Highway FYL:TSX | FGOVE-OTCOK
Slide 26: Shorty Creek - Hill 1835
SHORTY CREEK - HILL 1835 MULTIPLE UNTESTED MAGNETIC ANOMALIES THROUGH OUT THE 100 SQ KM PROPERTY 2014: FREEGOLD LEASES PROJECT | : SUBJECT TO A 2% NSR 2015: FREEGOLD MAKES AN INITIAL DISCOVERY — SC 1503 . @8C1504a $C1504 91 METRES 0.55 % CU, 0.14 G/T AU AND 7.02 G/T AG FYL:TSX | FGOVE:OTCOX
Slide 27: Shorty Creek - Tungsten Potential
SHORTY CREEK - TUNGSTEN POTENTIAL Tungsten A Strategic Mineral e Metallurgical Testwork indicates the tungsten is recoverable by gravity e Significant broad zones of tungsten mineralization warrant additional follow up drilling at Hill 1835 © 93.5m - 0,065 WO3% (SC16-02) FYL:TSX | FGOVE:OTCOX Chalco
Slide 28: Since 2020
SINCE 2020 FREEGOLD ADVANCED GOLDEN SUMMIT TO ONE OF THE LARGEST UNDEVELOPED GOLD RESOURCES IN NORTH AMERICA FYL:TSX | FGOVE-OTCOK Kristina Walcott President & CEO & Director Freegold } + 20 years experience in mineral exploration industry, Alvin Jackson, P.Geo, VP Exploration & Development & Direct
Slide 29: Share Capital
SHARE CAPITAL MARKET CAPITALIZATION $180 MILLION Eric Sprott ~114M Management and Board ~8M TSX:FVL $0.43CDN Share Price OTCOQX:FGOVF $0.32US Shares 421,659,021 ONE OF INDUSTRY'S Warrants 28,546,700 LOWEST Options 10,315,000 DISCOVERY COSTS Fully Diluted 460,370,721 ~ $4.00 / 02 29
Slide 30: Contact Us
CONTACT US Suite 888. 700 West Georgia Street Vancouver, BC V7Y 1G5 Tel. 604.662.7307 freegoldventures.com FYL:TSX | FGOVE-OTCOK 31
Freegold Ventures — Investor Presentation (March 2024) on 6ix