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Message: Appoints New Board Member to Further Develop Growth Plans
| February 10, 2009 |
| Northern Freegold Appoints New Board Member to Further Develop Growth Plans |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2009) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce the appointment of Greg Johnson to the Board of Directors, effective immediately. 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. Bill Harris, CEO & COO of NFR stated, "Mr. Johnson brings a wealth of experience in the mining industry and the public markets that will be invaluable in assisting the future growth and development of Northern Freegold. As NFR focuses on finalizing our first resource estimate on the Freegold Mountain project anticipated in the second quarter, we are pleased to have the addition of Mr. Johnson's valuable contributions to our Board of Directors during this time of rapid growth of the company." The Board of Directors of NFR have granted 300,000 common share purchase options at a price of $0.55 to a director of the company, expiring February 8, 2012. Pending regulatory approval, the Company will re-price 200,000 common share purchase options granted to employees to $0.55 per share from various prices ranging from $0.73 to $0.83 per share. The vesting provisions and expiry dates of the re-priced options remain unchanged. Northern Freegold is a rapidly advancing Canadian-based precious metals exploration and development company, which brings local expertise and strong management to focus on the development of economic mineral resources on the district-scale Freegold Mountain gold and copper project in the Yukon and the Burro Creek gold and silver property in Arizona. Northern Freegold Resources Ltd. On behalf of the Board of Directors Susan P. Craig, President |
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