The road-accessible, district scale Freegold Mountain gold-copper project is located in a stable, mining-friendly jurisdiction, and within a geological belt that hosts multiple large gold and gold/copper deposits and mines. In the short time that the company has explored the project, NFR has identified more than 20 mineralized zones, delineated a NI 43-101 million ounce gold resource at the Nucleus Deposit, a NI 43-101 resource at the Tinta Zone and recognized a large porphyry gold-copper system. The company continues to aggressively explore to build ounces and evaluate targets.

A District-Scale Project in an Emerging Mining Camp of an Established Gold Belt

Mining Friendly Jurisdiction

The Freegold Mountain Project is located 200 km northwest of Whitehorse, the capital of the Yukon. The Yukon is an excellent jurisdiction for mineral exploration, having secure land tenure, established mining laws, settled Aboriginal land claims, and a single environmental process with established timelines.

Strategic location in Prolific Gold-Copper Belt

The project is situated within an active exploration and mining area in the Tintina Gold Belt, home to numerous multi-million ounce gold deposits including the producing Fort Knox mine operated by Kinross Gold Corporation, the Pogo mine operated by Sumitomo Metal Mining in Alaska and the development stage Multi-million ounce Livengood Project of International Tower Hill Mines Ltd.

Within the Tintina Belt, a new mining district is emerging. The White Gold Property of Underworld/Kinross is approximately 100 km to the northwest, and the Casino Deposit of Western Copper Corporation is 80 km to the northwest. The producing Minto Mine Capstone is located approximately 30 km to the north. The above map show the road accessible Freegold Mountain Project and the lands claims staked (peach color) within the White Gold - Freegold Belt.


District-scale, Road Accessible Property
NFR has consolidated 198 square km (75 square miles) to form the Freegold Mountain Project. The Project is located on the Freegold Mountain Road, a government maintained gravel road. The Freegold Mountain Road connects to the Klondike Highway, an all weather paved highway, which connects to Whitehorse, the capital of the Yukon, and the major supply centre for the Yukon. Powerlines located along the Klondike Highway are at present 30 km from the Freegold Project boundary. The Carmacks Copper deposit will require a 12 km power line to connect to the power grid along the Klondike Highway. From this location, the power line would be within 7 km of the Freegold Mountain project boundary.

Defined Resources; Potential Multi-Million Ounce Targets

Since acquiring the project in late 2006, Northern Freegold has aggressively explored Freegold Mountain, identifying at least 20 mineralized zones including the Nucleus , Revenue and Tinta. The company has completed NI 43-101 compliant resources at both the Nucleus gold deposit and the Tinta Zone, and in 2010 the company increased the grade and ounces of the Nucleus deposit by close to 40% while using a higher cut-off grade, resulting in the delineation of a million ounce of gold. To date, however, only 2% of the entire project area has been drill tested.

The Nucleus deposit remains open to further expansion and it sits at the edge of a 24 km² gold and copper soil anomaly that extends through the Revenue Zone. While the Nucleus deposit is primarily a gold system with some copper enrichment, it is now thought to be part of the much larger gold enriched porphyry system which has been recognized at the Revenue Zone. The Revenue Zone shows similar geological and mineralogical characteristics to other deposits in the region which have developed multi - million ounce gold resources with multi - billion pound copper resources.

Multiple targets are being drill tested in 2010 at the Nucleus and Revenue zones with the objectives of increasing the overall resource at the Freegold Mountain project and testing this large scale system.

For details on the geology of the project, please refer to the NI 43-101 Technical report .

Current Resources and Exploration Summary

Nucleus Zone NI 43-101 Inferred Resource (April 2010)

	Total of Ore Zones			High Grade Ore Zone
Cut-Off g/t Au	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces
		g/t Au	Au		g/t Au	Au
0.4 g/t	35,820,842	0.87	1,004,454	2,242,696	2.55	183,631

Tinta Zone NI 43-101 Inferred Resource (July 2009)

Cutoff	Tonnes>Cutoff	Grade>Cutoff					Contained Metal
(Au g/t)	(tonnes)	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)	Ozs Au	Ozs Ag	Lbs Cu	Lbs Pb	Lbs Zn
0.50	1,150,000	1.88	49.34	0.29	0.90	1.51	70,000	1,820,000	7,400,000	22,800,000	38,300,000

2010 Program

• Titan IP Survey
• Phase 1 Program combined diamond and RC drill program includes:
• 4500 m step out and infill drilling to increase resources at the Nucleus deposit
• 5500 m to test targets and the potential for new resources at the Revenue zone
• Geochemistry Survey
• Updated Resource estimate at Nucleus Zone

2009 Program

• Resource estimate Nucleus and Tinta Zones
• 12,000 m diamond drill program
• 2 diamond drills at the Nucleus Zone
• 1 RAB drill at the Nucleus Zone
• 120 km of ground Geophysics over and between Nucleus and Revenue
• geological mapping over Nucleus and Revenue
• stream geochemical sampling program over the entire property
• 40 people in one camp at Revenue
• $4 million exploration program started in late May.

2008 Exploration program

• Drilling (diamond) in five zones : 22,330 m in 97 holes
• Drilling (rotary) in one zone: 1,755 m in 28 holes
• 3.4 line km of ground geophysics
• Up to 70 people in 3 separate camps on Project
• $9 million exploration program between April and October 2008

2007 Exploration program

• Drilling (diamond) in six zones : 11,454 m in 58 holes
• Drilling (rotary) in two zones: 3,871 m
• line km of ground geophysics
• Up to 70 people in 3 separate camps on Project
• $5 million exploration program between May and October 2007