FREEMAN GOLD RECEIVES $4.8 MILLION FROM WARRANT EXERCISES TO FULLY FUND FEASIBILITY STUDY

Freeman Gold Corp. has successfully raised CAD $4.8 million through warrant exercises, representing a significant financing milestone that fully funds the company's planned feasibility study for the Lemhi Gold Project. The funds were generated from the exercise of 60 million warrants, indicating strong investor confidence in the project's potential and the company's development strategy.

This financing achievement is particularly noteworthy as it provides Freeman Gold with the full capital required to complete the feasibility study, eliminating the need for additional dilutive financing during this critical project development phase. Feasibility studies represent a crucial step in the mine development process, providing detailed economic analysis and technical specifications that inform final investment decisions and attract potential strategic partners or project financing.

The successful warrant exercise demonstrates market confidence in Freeman Gold's gold project portfolio and management team's ability to advance projects through key development milestones. With full funding now secured, the company can proceed with the feasibility study without capital constraints, potentially accelerating the timeline for project advancement and reducing execution risk.

For the broader gold sector, this financing success reflects continued investor appetite for well-positioned gold development projects, particularly those with clear pathways to production. The ability to fund critical studies through warrant exercises rather than equity raises or debt financing positions Freeman Gold favorably as it works toward potential mine development and production decisions.