FREEGOLD

VENTURES LIMITED

Corporate

Presentation

June 2023

Developing one of North America's largest undeveloped gold deposits

FVL:TSX OTCQX: FGOVF

2023 Freegold Ventures Limited

FREEGOLD

VENTURES LIMITED

Focused on Golden Summit - already a major resource and open for further expansion

Major Gold Resource

12 Million Ounces - Indicated

  1. g/t Au

7.7 Million Ounces - Inferred

  1. g/t Au

February 2023 - using a 0.45 g/t cut off -$1792 Au

Freegold is a Canadian-based company that is focused on the exploration and development of gold and copper projects in Alaska. The company's flagship project is the Golden Summit project, which is located near Fairbanks, Alaska.

With a solid track record of success, Freegold Ventures Limited is well-positioned for long-term growth and success in the industry

© 2023 Freegold Ventures Limited

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MANAGEMENT

AND BOARD

Kristina Walcott

President & CEO & Director (Freegold )

+ 20 years experience in mineral exploration industry

Alvin Jackson, P.Geo,

VP Exploration & Development & Director (Freegold)

  • 40 years experience senior exploration manager positions for Amoco Minerals/Cyprus Minerals in Canada, Norway and New Zealand - former CEO/COO EuroZinc Mining Corp - acquisition and operation Aljustrel and Neves-Corvo zinc and copper mines in Portugal. Sold to Lundin Mining for~ 1.6 billion.

Gordon Steblin, CFO

+ 30 years of financial experience in the junior mining/exploration sector.

Taryn Downing, Corporate Secretary

  • 25 years of experience in corporate compliance and public company management

Ron Ewing - Chairman

  • 30 years experience in mining and mineral exploration and operational industry , roles included Executive VP Lundin Mining previously VP EuroZinc

Maurice Tagami, P.Eng

+40 years experience in mining and mineral processing. Roles included former VP Mining Operations and Technical Advisor. Wheaton Precious Metals - responsible for maintaining partnerships with over 20 operating mines and 13 development projects from which Wheaton Precious Metals Corp. has metal streaming agreements

David Knight

+40 years experience as a lawyer. Former Senior Partner, Weirfoulds, LLP. Specialist in mining and securities law

Reagan Glazier

+ 10 years experience in the exploration sector - Geologist, President and CEO - Pacific Bay Minerals

© 2023 Freegold Ventures Limited

© 2023 Freegold Ventures Limited

DISCOVERY, EXPLORATION

PRODUCTION EXPERIENCE

Glen Dickson, P.Geo

  • 40 years experience in both production and exploration Former President and CEO of Cumberland Resources (Meadowbank & Meliadine Projects - acquired by Agnico Eagle), CEO of Gold Ore Bjorkdale Mine, Sweden (~45,000 ounces per annum) - President and CEO of Meliadine Gold Ltd.

Garnet Dawson, P.Geo

  • 40 years of experience in exploration and mining - senior and junior mining companies in the Americas, Europe, Africa and China including both exploration and production roles. Former CEO GoldMining Inc - previously Battle Mountain Canada Inc., British Columbia Geological Survey, EuroZinc and Esso Minerals Canada Ltd.

Gary Moore, B. Comm, MBA

  • 40 years experience in capital markets. VP and CFO of Goldcliff Resource Corporation. Previously, Global Securities Corporation, Pacific International Securities Inc.

Greg Hanks, B. Comm

+20 years in the financial services industry (commercial and industrial lending)

Additional Team Members - Golden Summit

Mark Abrams,

  • 40 years domestic and international mineral experience in the United States, Latin America and Southeast Asia. Instrumental in acquisition and first two years of drilling by Placer Dome at Donlin Creek, part of the Cortez discovery team during the Pipeline discovery and acquisition of lands occupied by a portion of the Pipeline deposit. Previously US Manager for Agnico Eagle

Mark Raimo,

MSc Colorado School of Mines focus on mining engineering +12 years experience

FVL:TSX OTCQX: FGOVF

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Cautionary Notes

FORWARD LOOKING STATEMENTS AND DISCLAIMER

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 Ventures Limited, (the "Corporation") its subsidiaries and their respective projects, the potential for future resources expansion, the Corporation's plans regarding its properties, the future price of minerals, the estimation of mineral resources, amount and quality of metal products recoverable from the Corporation's mineral resources, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, timing and prospects of obtaining required permits. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "", "intends", "anticipates", or "believes", or variations (including negative variations of such words and phrases), or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved". In making the forward-looking statements in this presentation, the Corporation has applied certain factors and assumptions that it believes are reasonable, including that there is no material deterioration in general business and economic conditions; that there are no adverse changes in relevant laws or regulations; that the supply and demand for, deliveries of, and the level and volatility of prices of metals and minerals develop as expected; that the Corporation receives any regulatory and governmental approvals for its projects on a timely basis; that the Corporation is able to obtain financing on reasonable terms; that the Corporation is able to procure equipment and supplies in sufficient quantities and on a timely basis; that engineering and exploration timetables and capital costs for the Corporation's exploration plans are not incorrectly estimated or affected by unforeseen circumstances and that any environmental and other proceedings or disputes are satisfactorily resolved. however, forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and uncertainties related to metal recoveries, those factors discussed or referred to under "Risk Factors" and under "Risk Factors" in the Corporation's annual information form for the year ended December 31, 2022.

Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this presentation based on the opinions and estimates of management at that time. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements, except as required by applicable securities laws. The Qualified Person (as defined in NI 43-101) who has approved the scientific and technical content in this presentation is A.W. Jackson, PGeo and Vice President Exploration and Development for the Corporation. Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves. An "Indicated Mineral Resource" is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. An "Inferred Mineral Resource" is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified. lease refer to the technical report entitled "NI 43-101 Technical Report Updated Mineral Resource Estimate, Golden Summit Project, Fairbanks North Star Borough, Alaska, USA" dated March 31, 2023 prepared by Tetra Tech, Canada.("Tetra Tech") and, and the technical report entitled "NI 43-101 Updated Technical Report for the Shorty Creek Project, Livengood-Tolovana Mining District, Alaska" dated April 2nd, 2018 prepared by John R. Woodman, C.P.G. for additional information regarding the Golden Summit Project and the Shorty Creek Project, respectively. Such technical reports have been filed under the Corporation's profile at www.sedar.com.

© 2023 Freegold Ventures Limited

FVL:TSX OTCQX: FGOVF

SHARE CAPITAL

Market Capitalization

~$240 Million

Experienced Board and Management Team -with exploration, mine development and production, permitting, operating, and capital markets experience

Share Price

TSX:FVL $0.57

OTCQX:FGOVF $0.44

Shares

419,499,021

Eric Sprott

Warrants

28,546,700

~114M

Options

12,615,000

Management & Board

7,593,087

Fully Diluted

460,660,721

Since testing a new interpretation at Golden Summit in 2020 Market Capitalization increased over 1400%

One of industry's lowest discovery costs $4 /oz

and still open to expansion

© 2023 Freegold Ventures Limited

© 2023 Freegold Ventures Limited

"The 2020-2022 drill program was transformational. This year looks likely to be equally exciting, possibly pivotal" - Don MacLean Snr.Gold Analyst Paradigm Capital

March 5, 2023

FVL:TSX OTCQX: FGOVF

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Freegold Ventures Limited published this content on 01 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2023 17:20:09 UTC.