Northern Freegold Resources Ltd.

Northern Freegold Resources Ltd.

February 20, 2008 15:58 ET

Northern Freegold Confirms Extension of Warrant Expiry Dates

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 20, 2008) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR)

Northern Freegold has received approval from the TSX Venture Exchange to extend the warrant expiry dates of the following common share purchase warrants issued or issuable in connection with its IPO completed on September 1, 2006.

- 3,470,000 warrants issued as part of the IPO units, and up to 345,000 warrants issued or issuable upon exercise of agent's options to acquire units, each warrant originally exercisable for one common share at a price of $0.75 per share until March 1, 2008.

The revised expiry dates is now September 1, 2008. The remaining attributes of the warrants, including the exercise price, will remain the same.

Northern Freegold is a Canadian-based resource exploration and development company which relies on local expertise and strong management to focus on development of economic reserves on the district-scale Freegold Mountain Project in the Yukon and the Burro Creek Project in Arizona.

Northern Freegold Resources Ltd.

On behalf of the Board of Directors

William (Bill) G. Harris, President and Chief Executive Officer

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Northern Freegold Resources Ltd.
    Sarah Longhurst
    Investor Relations Manager