Northern Freegold Resources Ltd.

Few areas in North America share as exciting a mining history as the fabled Klondike Gold Rush of the late 19th Century in the Yukon Territory. Thanks to important recent discoveries, area mining activity is coming back to life once again and one Canadian junior, Northern Freegold Resources Ltd (TSX-V; NFR) is working diligently to advance their Freegold Mountain Project as rapidly as possible.

The Yukon Territory itself is a mining-friendly region which consistently ranks high in the Fraser Institute rankings of mining jurisdictions. The Freegold Mountain Project is located approximately 200 km northwest of the capital city of Whitehorse within an active exploration area in the Tintina Gold Belt which stretches across parts of Yukon and the State of Alaska. Both the producing Fort Knox Mine, operated by Kinross Gold Corp. and the Pogo Mine operated by Sumitomo Metal Mining are located in Alaska while more recent discoveries including Kaminak Gold Corporation and ATAC Resources are in the Yukon. Both jurisdictions host numerous multi-million ounce gold deposits.

Northern Freegold has already published an initial Resource Estimate for Freegold Mountain during 2011 which showed an Indicated Resource at the Nucleus Deposit of 1.1 million ounces of gold (Au), 1.4 million ounces silver (Ag), and 67.8 million pounds of copper (Cu) or 1.4 million ounces AuEq within 48.5 million tonnes grading 0.70 g/t Au, 0.90 g/t Ag and 0.06 Cu at a cut-off grade of 0.4 g/t Au Eq plus an Inferred Resource of 600,000 oz. Au and 62.0 million lbs of Cu or 0.9 g/t AuEq within 41.5 million tonnes grading 0.47 g/t Au, 0.98 g/t Ag and 0.07% Cu.

The 2011 Resource Estimate also showed a 3.6 million ounce AuEq Inferred resources at the Revenue Deposit consisting of 1.1 million oz Au, 10.2 million oz. Ag, 287 million lbs Cu and 90 million lbs Molybdenum. Northern Freegold shares currently trade at the equivalent of about $2 per ounce AuEq.

NFR plans to have an updated Resource Estimate prepared by fall 2012 and a Preliminary Economic Assessment (PEA) by early 2013. In order to work toward those goals, metallurgical testing was started in February, 2012 and 3,000 meters of drilling; excavator trenching; and environmental baseline studies was started during June 2012.

The company has a distinct advantage over many other exploratory deposits in the Yukon Territory in the form of infrastructure which includes existing roads into Freegold Mountain as well as commercial power access just 30 km distant. According to company President and CEO John Burges, other companies without such established road and power can face infrastructure costs of many hundreds of millions of dollars before they can advance their projects toward eventual production.

According to Burges, the company's long-range goals include proving up a world class deposit as both the Nucleus and Revenue Deposits remain open in all directions and at depth with the polymetallic Tinta Deposit also available for exploration and development.

A full in-depth study will be prepared following a property visit now scheduled for late July-early August 2012

Vancouver BC, Canada

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