Northern Freegold Resources Ltd.
TSX VENTURE : NFR

Northern Freegold Resources Ltd.

November 13, 2008 13:34 ET

Northern Freegold Extends Warrant Expiry Dates

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2008) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) has elected (subject to regulatory approval) to extend the warrant expiry dates of the following common share purchase warrants issued or issuable in connection with the financing announced May 22, 2007 and completed on June 22, 2007; July 6, 2007; and July 17, 2007.

- 2,987,071 warrants issued as part of the May 22, 2007 financing units, each warrant originally exercisable for one common share at a price of $1.10 per share until December 22, 2008; January 6, 2009 and January 17, 2009.

The revised expiry dates are now June 22, 2009; July 6, 2009 and July 17, 2009 respectively. The remaining attributes of the warrants, including the exercise price, will remain the same.

Northern Freegold has also elected (subject to regulatory approval) to extend the warrant expiry dates of the following common share purchase warrants issued or issuable in connection with the flow-through financing announced December 10, 2007 and completed on December 18, 2007.

- 2,281,186 warrants issued as part of the December 10, 2007 flow-through financing units, each warrant originally exercisable for one common share at a price of $1.50 per share until December 18, 2008.

The revised expiry date is now December 18, 2009. 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
    (877) 893-8757 or (604) 893-8757
    Website: www.northernfreegold.com