FREEMAN EXPANDS HIGH GRADE GOLD MINERALIZATON AT THE NEWLY DISCOVERED BEAUTY ZONE

VANCOUVER, BC, Jan. 31, 2023

VANCOUVER, BC, Jan. 31, 2023 /PRNewswire/ - Freeman Gold Corp. (TSXV: FMAN) (OTCQX: FMANF) (FSE: 3WU) ("Freeman" or the "Company") is pleased to report it has received results for five diamond drill holes and three reverse circulation ("RC") holes totaling 1,231 metres from the Company's follow up drill program at its newly discovered Beauty Zone, Idaho, USA.  The drill holes were designed to test mineralization along strike and down dip of the known discovery hole (FG21-003C) which returned 6m @ 68.23 grams per tonne gold ("g/t Au") and 40.18 grams per tonne silver ("g/t Ag"), including 3.16m @ 128.92 g/t Au and 75.59 g/t Ag (see news release dated March 22, 2022). The Beauty Zone is part of a 350 metre by 250 metre coincidental gold in rock and soil anomaly which is open to the south, southwest and east.  Drilling now shows three distinct mineralized zones - Upper, Main and Lower zones (Figure 1). The main zone projects to surface where 28 rock grab samples contained more than 10 g/t Au (up to 450 g/t Au). Table 1 shows the intercepts from current drilling, Figure 1 is a cross section and Figure 2 is a longitudinal section.

Paul Matysek, Executive Chairman, commented, "We are excited to have demonstrated continuity of the high-grade mineralization along strike and at depth at the Beauty Zone. The zone occurs near surface and in close proximity to our core Lemhi project. We will look at the Beauty Zone as additional high grade ounces that may be incorporated into our PEA."   

All holes drilled to date have intersected shallow oxide gold. Selected highlighted results from the eight holes are: 4.2 m @ 3.2 g/t Au, including 0.6m @ 19.6 g/t Au (FG22-013C); 2.0m @ 1.4 g/t Au, including 0.5m @ 4.7 g/t Au, 10.4 g/t Ag and 1.94 percent copper ("% Cu") (FG22-020C); 0.9m @ 4.3 g/t Au, 22.6 g/t Ag and 1.6% Cu (FG22-026C) and 12.19m @ 1.49 g/t Au, including 1.52m @ 8.04 g/t Au (FG22-056R; newly discovered Lower Zone; see Figure 1).  Gold mineralization at the Beauty Zone now extends approximately 150 metres along strike and 115 metres down dip and is open at depth and along strike to the north. The drill section and long section attached show the continuous nature of the zone downdip (Figure 1 and 2). The zone does continue to exhibit structural complexity and poor recoveries due to the faulting.

Table 1 – Drill Results – The Beauty Zone*