Overview

Northern Freegold (CVE:NFR) is controlled and operated by a technical group of Yukon locals who know the land and the communities they are working in. NFR’s Nucleus deposit contains an inferred resource of 1,004,000 contained ounces of gold within 35.82 million tonnes @ 0.87 g/t gold (0.4g/t cutoff). In June 2010 NFR started a 10,000m drill program aimed at increasing the size of this deposit. Nucleus is in the north western third of NFR’s Freegold Mountain Project which covers 199 square kilometers and is accessible by road.

Investment Highlights

• Drilling underway targeting expansion of 1 million ounce deposit
• District sized (199 sq. km) project
• Located 100km southeast of White Gold area play

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Chief Properties:

Chief Property – Freegold Mountain

Northern Freegold Resources’ Freegold Mountain Project, includes a number of mineralized zones that host NI 43-101 compliant inferred resources totaling over 1 million ounces of gold. Known gold occurrences (in excess of 15) within this project provide the opportunity to expand this resource plus an excellent environment for new discoveries.

Nucleus Zone

In March 2010, NFR announced an updated NI 43-101 compliant resource of 1,004,000 ounces of gold in the inferred category at the Nucleus zone. This was a 32% increase from the initial resource estimate. The minerlization at Nucleus begins at surface and is still open to expansion in all directions and at depth.
Results from the 2009 drill program included some significant results including 3.6m of 55.27 g/t in a step out drill hole announced in March, 2009.

4,500m of drilling will be conducted on the Nucleus deposit in 2010.

Revenue

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. Geologic modeling of the Revenue Zone this winter has defined a number of priority targets for drill testing. The 2010 phase 1 drill program will include up to 5,500 m of RC drilling to systematically test several priority targets within the anomaly including the Granger, Discovery and Guder targets.

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Tinta Hill

The Tinta Hill zone, within the Freegold Mountain project has a NI 43-101 inferred resource of 70,000 ounces of gold, 2.0 million ounces of silver, 8 million pounds copper, 25,7 million pounds lead and 42.8 million pounds of zinc. Tinta Hill is located in the south east portion of the project and the mineralized zone is open to the northwest and the southeast.

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Goldy

Northern Freegold announced a new discovery in the Goldy Zone located 6 km from the Tinta Hill Zone. The 2007 program consisted of ground geophysics, trenching and the drilling of 5 diamond drill holes (696 m, 2,283 feet) based upon historical gold-in-soil anomalies, trenching and a shallow drill program. A body of altered and silicified quartz-feldspar porphyry intrudes the contact, which is also locally characterized by clay alteration and faulting. Gold mineralization is documented in altered QFP as well as in highly silicified zones of very fine grained “blue quartz” containing very fine grained disseminated sulphides, and associated quartz-sulphide veining.

Stoddart

Trenching was conducted to test the historical gold-in-soil anomaly, and to follow up on a float sample that ran 14.1% copper. The Stoddart Zone is a discovery of a new mineralized porphyry body located 1 km from the Ridge Zone, in the central portion of the district scale Freegold Mountain Project, Yukon. Two diamond drill holes (509 m, 1,670 feet) tested a historical 1300 by 400 m (4,265 by 1,312 foot) gold and copper soil anomaly coincident with an airborne magnetic survey anomaly.
Diamond drill holes in 2008 intersected significant mineralization indicative of a porphyry system located at or near surface including 159.25m of 0.14% copper and 205.65m of 0.15% copper.

Management

Tim J. Termuende, B.Sc., P.Geo. –  Interim CEO 
Tim Termuende is a professional geologist with over 25 years experience in the mineral exploration industry. Since earning his degree in Geological Sciences at the University of British Columbia in 1987, Tim has worked on exploration projects throughout North, Central, and South America, and has inspected mineral deposits in the former Soviet Union. He is a founder and is currently President and Chief Executive Officer of Eagle Plains Resources Ltd., a junior exploration company listed on the TSX Venture Exchange with a market capitalization of over $35M. He is a Director of Island Mountain Gold Mines (now Lionsgate Energy-TSX-V:IM), and has previously served on the board of Road New Media Corp (TSX-V:RNM).

Tim makes his home in Cranbrook, British Columbia, and has been continuously active in mineral exploration throughout western Canada since 1976. He currently arranges financings and oversees a broad range of ongoing exploration projects located throughout British Columbia and the Yukon Territory.

Tim has served as Director of the B.C and Yukon Chamber of Mines (now AME BC) and currently sits on the Land Use Committee He is a member of numerous industry related associations. He resides with his wife and two children in Cranbrook, B.C.

John Anderson – Chairman of the Board
Mr. Anderson is responsible for financing the Company’s exploration and development efforts. Since he joined Northern Freegold late in 2007 over $25.0 million has been raised to advance the Freegold Property. Prior to joining the Company, Mr. Anderson was a founding General Partner in Aquastone Capital LLC, a New York based gold fund. Currently he sits on the boards of Wescorp Energy Inc. Cadan Resources Corp. and J-Pacific Gold Corp.

Greg Johnson – Director
Mr. Johnson joins the board of Northern Freegold with over 20 years of experience in the mining industry, including the past 10 years as a member of the senior management team with NovaGold Resources where he is currently Vice President of Strategic Development. Mr. Johnson has played an instrumental role in the growth of NovaGold from a small exploration company to one of the largest development stage companies in the precious metal sector. Mr. Johnson is responsible for NovaGold’s marketing and communication activities, and is involved in developing strategic growth opportunities for the company. Prior to his role at NovaGold, Mr. Johnson was part of the management team responsible for overseeing the exploration and acquisition activities for Placer Dome’s International Exploration Group in Africa and Eurasia, and as an explorationist with the Alaska Exploration Group for Placer Dome, he was part of the discovery team on the +30-million-ounce Donlin Creek gold deposit in Alaska.