Northern Freegold Resources Ltd.
TSX VENTURE : NFR

Northern Freegold Resources Ltd.

February 28, 2008 10:29 ET

Northern Freegold Resources Ltd. Announces Senior-Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Bill Harris, Chief Executive Officer of Northern Freegold Resources Ltd. (TSX VENTURE:NFR), announced today that Susan P. Craig has been appointed president of the Vancouver-based junior gold/copper/silver exploration company. Mr. Harris, most recently President of the company, assumes the new position of Chief Operating Officer, while retaining the responsibilities of CEO. These appointments take effect immediately.

Ms. Craig was formerly the company's Vice-President of Corporate Affairs and remains a Director of Northern Freegold.

"I'm delighted to take on the role of president," said Ms. Craig, who has extensive exploration and mining experience in B.C. and the Yukon and has been a key part of teams that managed projects from exploration through to production and reclamation. "Although I'm a geologist by profession, this position as president allows me to draw on both my technical and organizational skills."

Mr. Harris said, "The executive changes allow me to focus on Northern Freegold's corporate vision and strategy. This new role enables me to have a more hands approach at the company's properties in Yukon and Arizona and provide me time to focus on the future growth of the company. Sue gets to assume a more organizational role within Northern Freegold and to oversee the company's management on a daily basis. These changes will be of great benefit to the company and investors."

Ms. Craig, who brings community, permitting and First Nations consultation expertise to the job, is a top executive in an exploration company where women in technical positions prevail. Of the fourteen technical staff, including geologists, nine are female.

While Ms. Craig said she is pleased about the improving gender equality in the mining industry and the role of women in her company, "We hire people based on their skills and experience, not their gender."

About the company:

Northern Freegold is a well-financed 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.

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.

About Susan P. Craig

Susan Craig is President of Northern Freegold Resources Ltd., a Vancouver-based mineral exploration company with properties in Yukon and Arizona.

Ms. Craig, a geologist, has been Northern Freegold's Vice-President, Development and Director since it went public in September, 2006. Prior to that, she served as Land & Environmental Manager for NovaGold Resources Inc. and worked as Executive Assistant to Minister of Energy, Mines and Resources in Yukon.

Ms. Craig, 44, has extensive knowledge of the mining industry in both B.C. and Yukon, attained by working on mining projects at all stages, from exploration through to production, reclamation and closure.

She has acted as a liaison between industry and First Nations, federal and territorial governments and environmental and community groups on technical, environmental, and socio-economic matters in B.C. and Yukon.

During her mining exploration career, Ms. Craig has made environmental and social concerns a priority. She was part of a team that won an award for excellence in social and environmental responsibility for its work on NovaGold's Galore Creek copper-gold project in northwestern B.C.

A strong advocate of community service, Ms. Craig has participated in associations and groups within the mining industry in BC and Yukon. She served as a director of the Association of Mineral Exploration for BC (formerly the BC & Yukon Chamber of Mines); chair of the Vancouver Mineral Exploration Group; director of the Yukon Chamber of Mines, and the Yukon Mineral Advisory Board.

Ms. Craig was part of a Women in Mining and Mineral Exploration study conducted by the Women in Leadership Foundation. The study examined barriers women face in the mining and mineral exploration industry.

A native of Thunder Bay, Ontario, Ms. Craig received her Bachelor of Science degree, with a major in geology, from the University of Calgary. She also has a Masters Degree in geology and a teaching degree from Lakehead University in Thunder Bay.

She divides her time between Whitehorse, Yukon and Vancouver, B.C.

February 2008

FACT SHEET

Stock trading symbol: NFR: TSX-V.

IPO: September 2006, $3.45 million raised.

Founders: Bill Harris and Susan Craig.

Share structure: 45.8 million shares issued; 68.3 million fully diluted.

Working capital: $14 million.

Projects: Developing economic reserves on the district-scale Freegold Mountain Project in Yukon and the Burro Creek Project in Mohave County, AZ, 265 kilometres southeast of Las Vegas. The Freegold Mountain property, in south-central Yukon, includes claims staked over the last 80 years by company CEO Bill Harris, his father, and the original discoverer of gold on Mount Freegold.

Senior Management: Bill Harris, Chief Executive Officer and Chief Operating Officer, Susan Craig, President.

Number of Employees: 70

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. - Media Contact
    Ann Gibbon
    (604) 263-0634 or Cell: (778) 999-0064
    or
    Northern Freegold Resources Ltd.
    Sarah Longhurs
    Investor Relations Manager
    1-877-893-8757
    Website: www.northernfreegold.com