Northern Freegold Resources Ltd.
OTC Bulletin Board : NFRGF

Northern Freegold Resources Ltd.

May 10, 2011 12:15 ET

Northern Freegold Announces Management and Board Changes Mobilization Underway to Freegold Mountain, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2011) - The Board of Directors of Northern Freegold Resources Ltd. (TSX VENTURE:NFR)(OTCBB:NFRGF)(FRANKFURT:8NG)(the "Company") announces changes in several key management and board positions within the Company to support the advancement of the Company's growth to the next phase of development on its multi-million ounce Freegold Mountain gold-copper project.

Mr. William B. Harris (Bill) is stepping down as Chairman of the Board and Chief Operating Officer to focus on research and acquisition of additional opportunities for Northern Freegold. Mr. Harris will continue to work on advancing the Freegold Mountain Project. As founder of the company, Mr. Harris has contributed invaluably to the successful development of one of the most significant new gold and copper resources in the Yukon. Mr Harris will continue in his capacity as a valued board member of Northern Freegold and will act as a special advisor to the Company. Mr. John Anderson has accepted the role of Chairman of the Board and will continue to serve the Company with his expertise and experience in financial, strategic and marketing matters.

Susan P. Craig, P.Geo. will step down as Chief Executive Officer and has agreed to continue as President. Ms. Craig will continue to focus on the key areas of governmental liaison, permitting, environmental and work with local first nations. Tim J. Termuende, P.Geo. has agreed to act as Interim Chief Executive Officer while a search for a permanent candidate, to support this transition through the resource building phase and into development, is carried out by the board and management.

The Company is pleased to announce that Marco Strub has joined its Board of Directors. Mr. Strub was a partner of Exulta AG, a portfolio management company, from 1997 to 2003 and is currently a Principal of Sircon AG, a consulting and investment research company based in Zurich, Switzerland.

The Company is pleased to announce the appointment of Connie Norman as Corporate Secretary to Northern Freegold. Ms. Norman has over 12 years experience in the corporate role in public companies. Ms. Norman holds the position of Corporate Secretary for Skyline Gold Corporation, and was recently the Corporate Secretary for Brett Resources Inc.

Allan Armitage, P.Geo. will continue as Exploration Manager for the company. Dr. Armitage brings a wealth of mineral exploration experience to the Company and will be responsible for overseeing the exploration and development of NFR's projects.

Mobilization is currently underway for the 2011 field season and drilling is expected to begin within the next week at Freegold Mountain.

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

Signed "Susan Craig"


Cautionary Note Regarding Forward-Looking Statements The information in this press releaseincludes certain "forward-looking statements" All statements, other than statements of historical fact, included herein including, without limitation,plans for and intentions with respect to the company's properties, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NFR's expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and First Nation groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. NFR's forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made. NFR assumes no obligation to update the forward looking statements if management's beliefs, opinions, projections, or other factors should they change.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Northern Freegold Resources Ltd.
    Julie Hajduk
    Investor Relations Manager
    604.893.8757 or Toll Free: 877.893.8757
    604.893.8758 (FAX)