Freedom Gold Corp. Issues Common Shares as Partial Consideration to the Option Agreement

Freedom Gold Corp. (CSE: FRDM) is pleased to announce that it has issued (the "Issuance"), on July 9, 2026, an aggregate of 2,500,000 common shares (each a "Share") under its previously announced option agreement (the "Option Agreement") dated as of June 4, 2026, with 21Alpha Resources Inc. (the "Optionor") pursuant to which the Company has the option to earn a 100% interest (the "Option") in Blockhouse property, the Widow Point property, the Frenchvale property, and the Westfield property (collectively, the "Properties"), all located in Nova Scotia, Canada. The Shares were issued as partial consideration for the Option. The Shares are subject to a four-month hold period expiring November 7, 2026, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. Early Warning Disclosure for Gravel Developments Inc. Gravel Developments Inc. ("GDI") acquired 1,181,250 Shares as a result of the Issuance, which represent more than 10% of the issued and outstanding Shares. Accordingly, The Company is providing the following disclosure pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"). Immediately prior to Issuance, GDI had ownership of, and control and direction over, 22,000 Shares, representing 0.35% of the issued and outstanding shares on an undiluted basis. Immediately after the Issuance, GDI beneficially owns, and has control and direction over, 1,203,250 Shares, representing approximately 13.72% of the outstanding Shares on an undiluted basis. The Shares were acquired by GDI as partial non-cash consideration for the grant of the Option. GDI holds the Shares for investment purposes. GDI may, depending on mark...