Freegold Ventures Limited · TSX:FVL
Freegold Ventures — Investor Presentation (July 2026)
31 slides from Freegold Ventures's investor presentation, Jul 27, 2026
Slide 1: One of North America's Largest Undeveloped Gold Resources
FVL: TSX FGOVF: OTCQX ONE OF NORTH AMERICA’S LARGEST UNDEVELOPED GOLD RESOURCES Unlocking Value. Building for the Future.
Slide 2: Cautionary Statement
Cautionary Statement 2 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 Limited, (the “Corporation”) its subsidiaries and their respective projects, the potential fo
Slide 3: Scale, Jurisdiction and Growth Potential
Scale, Jurisdiction and Growth Potential 3 A Large, expandable gold resource in a top-tier North American jurisdiction with an under $5.00/oz discovery cost Disciplined strategy focused on resource growth, de-risking, and optionality * Clear pathway to long-life development and long-term value creat
Slide 4: Alaska - A Top-Tier Jurisdiction
Alaska - A Top-Tier Jurisdiction 4 RICH IN RESOURCES – UNPARALLELED EXPLORATION POTENTIAL Alaska contains a significant portion of the World’s Resources 7% zinc 7% gold 7 % silver 12 % copper 16 % molybdenum 6 operating lode gold mines produce about 750,000 oz/annum) in addition 150 active
Slide 5: Excellent Location & Infrastructure
Excellent Location & Infrastructure 5 IN THE HEART OF A PROVEN GOLD DISTRICT Stable, mining-friendly jurisdiction Existing infrastructure – road accessible, workforce, cell network Supportive permitting environment Proven mining history Home of the District’s Highest Grade Underground Historic Produ
Slide 6: A Proven Gold District – Built on History
A Proven Gold District – Built on History 6 Highest Grade Underground Historic Producers in the District Newsboy 40,000 oz @ 1.0 oz/t SADDLE Cleary Hill 281,000 oz @ 1.3 oz/t RESOURCE AREA American Eagle 60,000 oz @ 1.6 oz/t TAMARACK DOLPHIN wow Hi Yu 110,000 oz @ 1.6 oz/t Historic Placer Production
Slide 7: The Breakthrough
The Breakthrough 7 Historic Mining Focused on Narrow High-Grade Veins 2020 A Breakthrough Geological Insight Changed Everything First hole after re-interpretation: 188m @ 3.69 g/t Au (GSDL2001) Freegold’s Drilling continues to demonstrate broad widths of lower-grade mineralization surround these hig
Slide 8: Consistent Resource Growth
Consistent Resource Growth 8 INCREASING GRADE AND SIZE - Gold Resource Increase by Year 2020 188m 3.69 g/t 30,000,000 Pre-Feasibility 25,000,000 1.04 g/t 2027 Au 20,000,000 1.04 g/t 0.85 g/t Ounces Au 15,000,000 Au 1.24 g/t Au 10,000,000 2026 1.08 g/t Au 50,000m Planned infill condemnation, Geotech
Slide 9: Scale, Grade, and Optionality
Scale, Grade, and Optionality 9 MULTIPLE APPROACHES – POSSIBLE TRADE OFF STUDIES NECESSARY Current Pit Constrained Resource Optionality with Various Cut-off Grades Cut-Off Grade Gold Cut-Off Grade Gold Category MT Category MT (g/t Au) (g/t Au) MOZ (g/t Au) (g/t Au) MOZ 1.00 Indicated 132 2.51 10.7 I
Slide 10: 2025/26 Drilling – Actively De-risking
2025/26 Drilling– Actively De-risking 10 ~ 39,650 in 2025 ~50,000m in 2026 FVL: TSX OTCQX: FGOVF Unlocking Value. Building for the Future.
Slide 11: 479250E – 1.32 g/t over 336.8m
479250E – 1.32 g/t over 336.8m 11 GS2562 • 1.32 g/t Au over 336.8m – wide and continuous with higher grade: • 3m of 17.38 g/t Au at 75.3 m related to sheeted quartz-arsenopyrite veining near a broken zone (fault); and 1.2 m of 11.83 g/t Au at 214.3 m related to a zone of vuggy quartz veins proximal
Slide 12: Plan Map – Six Rigs Turning
Plan Map – Six Rigs Turning 12 Six operating rigs are accelerating target testing and follow-up across priority areas. The ~50,000 m 2026 program is defining higher-grade corridors and tightening the model — ahead of an updated resource and the PFS FVL: TSX OTCQX: FGOVF Unlocking Value. Building for
Slide 13: 479700E – Visible Gold – High Grade
479700E – Visible Gold – High Grade 13 GS2556 • 25.36 g/t Au over 2.4 m (337.4–339.8 m) fractured qtz-carbonate veins; visible gold • 115.85 g/t Au over 3.1 m (471.5–476.4 m) — vuggy qtz veins; visible gold • 61.2 g/t Au over 1.9m (548.9 – 550.8 m) • In fault/shear zones — supports structural contro
Slide 14: Higher Recoveries – May Represent Better Economics
Higher Recoveries – May Represent Better Economics 14 All Oxidation Methods demonstrate better than 90% Recovery Trade-off analyses continue, targeting recovery and grind size. Optimizing grind size & oxidation methods is critical as power costs are high Key considerations New Technology Direct to s
Slide 15: 2026 – Building on Success
2026 – Building on Success 15 2026 Drilling Underway – 50,000 metres • Infill • Condemnation Ongoing Results • Metallurgical • Geotechnical • Exploration Core has been drilled with HQ diameter since 2020 Metallurgical holes were drilled at PQ diameter Infrastructure reduces capex risk Favourable met
Slide 16: District Scale Growth Story in the Making
District Scale Growth Story in the Making 16 OUR PEERS HAVE SINGLE DEPOSIT WE HAVE A DISTRICT Typical Gold Peers • Single deposit • Fixed mine life • Limited upside after definition RESOURCE AREA Golden Summit CLEARY TAMARACK SADDLE A district-scale system · multiple DOLPHIN wow • targets · already
Slide 17: A District-Scale Gold System in the Making
A District-Scale Gold System in the Making 17 “RECONSTRUCTED” Below : Geochemistry today, after fault offset “TODAY” I II III IV SADDLE Gold and arsenic are found proximal to the intrusive center, while silver, lead, and antimony demark the overall system footprint and may be indicative of concealed
Slide 18: Saddle Area - Unlocking Additional Upside
Saddle Area - Unlocking Additional Upside 18 4km east of the main resource area Seven reconnaissance holes were drilled in 2023 Encouraging results warrant testing mineralization at depth High density of historic mapped veins on surface RICH IN RESOURCES UNPARALLED EXPLORATION POTENTIAL FVL: TSX OTC
Slide 19: Saddle Area – Potential for Additional Resources?
Saddle Area – Potential for Additional Resources? 19 Saddle's historic high-grade veins mirror Cleary's — pointing to a larger system at depth Higher gold and silver and base metal values in holes drilled to date suggest the Saddle Zone sits higher in the overall system Drill core from drillhole SZ2
Slide 20: Building a More Sustainable Project
Building a More Sustainable Project 20 Investing in a cleaner, safer, more efficient operation Electrification — A new power line into camp slashes our reliance on diesel for the camp, on track for completion by the end of summer 2026. Recycling — Cutting camp waste and doing our part for a cleaner,
Slide 21: Building a Better Camp – Improving Efficiency & Safety
Building a Better Camp – Improving Efficiency & Safety 21 New Automated Core Saws Ramping up core- cutting production to deliver drill samples to the lab faster Noticeably quieter for a better work environment Far less dust for cleaner, healthier air Safer for our crew, every shift FVL: TSX OTCQX: F
Slide 22: Building a Better Camp - Recycling
Building a Better Camp - Recycling 22 Leading the Way on Recycling Cutting camp waste and doing our part for a cleaner, greener operation - compostable takeout containers, bamboo cutlery, and a full recycling program FVL: TSX OTCQX: FGOVF Unlocking Value. Building for the Future.
Slide 23: Ongoing Reclamation – Mindful of our Environment
Ongoing Reclamation – Mindful of our Environment 23 Reclaiming as we go — disturbed ground is reclaimed and re-contoured during the program, not just at the end GS2304 After Drilling and reclamation Natural Re-growth following reclamation GS2414 After Drilling and reclamation Drill sites are photo-d
Slide 24: Fully Funded, Institutionally Backed
Fully Funded, Institutionally Backed 24 MARKET CAPITALIZATION SIZE, QUALITY AND OPTIONALITY $500,000,000 A gold system large enough to matter to Majors Long-life potential with multi-decade development upside Optionality on timing, scaling, and strategy $18,000,000 Direct leverage to resource growth
Slide 25: Unlocking Shareholder Value at Scale
Unlocking Shareholder Value at Scale 25 Strong Momentum & Upside Fully funded with 20+ institutional investors (Jan 2026 financing) 50,000 m drill program in progress, driving catalysts and steady news flow District-scale upside with real discovery potential Low environmental One of North Consistent
Slide 26: 2026 Advancing to a Major Value Milestone in 2027
2026 Advancing to a Major Value Milestone in 2027 26 The best results are worth the wait –Building Resource Confidence, Met Test Work and Environment Ongoing Technical Studies & Data Verification Economic Analysis Metallurgical testwork (PFS Level) NI 43-101 Process optimization Environmental & base
Slide 27: Appendix
Appendix 27 • Better geological modelling keeps driving exploration success — and confirms an intrusion-driven system • Drilling: confirms scale, continuity and growth potential • Scale & Continuity: consistent mineralization along strike and down dip confirms the size and scale of this large minera
Slide 28: Management and Board of Directors
Management and Board of Directors 28 Garnet Dawson, P.Geo Director -- Over 40 years of experience in the Americas, Europe, Africa and China, including both exploration and production J. Kristina Walcott roles. Previously GoldMining Inc. (CEO), Brazilian Gold (VP Exploration), EuroZinc (VP Exploratio
Slide 29: Evolving Geological Model
Evolving Geological Model 29 The Dolphin intrusive drives mineralization Gold occurs in the intrusive and surrounding schists widening the potential footprint Faults and shear zones host higher- grade mineralization and define high-grade corridors The evolving model improves targeting for better gra
Slide 30: Cleary/Dolphin Highlights – Proving the Higher Grade
Cleary/Dolphin Highlights – Proving the Higher Grade 30 Zones Hole From (m) To (m) Interval (m) Au g/t CLEARY GS2521 249.0 319.1 70.1 1.70 535.5 577.3 41.8 1.29 GS2528 416.7 474.6 57.9 1.60 559.9 620.9 61.0 1.78 GS2434 319.1 380.1 61.0 1.84 GS2441 221.6 251.9 30.3 2.74 DOLPHIN GS2531 102.4 143.5 41.
Slide 31: WOW Area Highlights - Proving the Higher Grade
WOW Area Highlights - Proving the Higher Grade 31 Zone Hole From (m) To (m) Interval (m) Au g/t WOW GS2502 44.2 72.9 28.7 4.28 GS2505 424.4 489.8 65.4 2.31 GS2431 323.0 350.0 27.0 1.94 407.0 518.0 111.0 1.74 incl 407.0 439.8 32.8 2.95 GS2440 342.6 397.5 54.9 2.07 438.0 459.3 21.3 4.16 GS2425 194.2 2
Freegold Ventures — Investor Presentation (July 2026) on 6ix