Mining Explorers 2009: Northern Freegold Resources Ltd.

NFR: TSX

CEO and COO: Bill Harris

President: Susan P. Craig

Vice President, Exploration: Corwin Coe

Northern Freegold Resources Ltd., founded in 2006, in the development stage as of March 31, 2009, is a precious metals exploration and development company.

It focuses on the development of economic mineral resources at the district-scale Freegold Mountain gold and copper project in the Yukon Territory, and at a gold and silver property in Arizona.

The Freegold Mountain Project is located in the Whitehorse Mining District about 70 kilometers northwest of Carmacks.

The land package covers an area in excess of 64 square miles, or 166 square kilometers.

Northern Freegold completed 97 drill holes (NTW size core) totaling 22,330 meters in 2008.

In November and December 2008, the company completed two nonbrokered private placements and raised gross proceeds of C$2.3 million that it used to finance drilling and exploration at Freegold Mountain.

The Nucleus zone is the largest zone within the Freegold Mountain Project and Northern Freegold posted initial 2009 drill-hole results in August from nine diamond drill holes completed on the Nucleus Zone.

All 9 holes were designed to test the higher-grade east-west component of gold mineralization, test the model and expand the continuity of structures controlling the higher-grade gold mineralization.

The drill results reflect ongoing expansion of the Nucleus Zone where the explorer recently reported an initial gold resource of 1.082 million ounces (67.57 million metric tons averaging 0.5 grams per metric ton with a 0.3 g/t cutoff).

Drilling is continuing in the company's Nucleus Zone with 26 drill holes totaling 7,100 meters completed, so far, as part of a planned 12,000-meter drill program this season.

Northern Freegold also said in August that it added 152 new claims to its Tad/Toro property in the Dawson Range, based upon encouraging results from NFR's Freegold Mountain Project and growing interest in properties in the Dawson Range and White Gold District by Underworld Resources and other companies.

The Tad/Toro Property is located 25 kilometers, or 16 miles, northwest of Freegold Mountain.

The new claims will nearly double the size of the Tad/Toro Property, bringing it about 32 square kilometers.

Cash and short-term deposits:

C$8,223,156 (at June 30, 2009)

Working capital:

C$9,269,059 (at June 30, 2009)

Market capitalization: C$26.6 million

Suite 900, 475 Howe St.

Vancouver, BC

Canada V6C 2B3

Tel: 604-893-8757

Fax: 604-893-8758