Northern Freegold Resources Ltd.
TSX VENTURE : NFR

Northern Freegold Resources Ltd.

November 30, 2006 11:33 ET

Northern Freegold Resources Ltd.: Initial 2006 Drill Results from Freegold Mountain Project, Yukon

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 30, 2006) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce results from 5 of twenty-six diamond drill holes within the Nucleus Zone at the Freegold Mountain Project. Additional results will be released as they are compiled and interpreted.

Highlights:

- Widespread ore-grade mineralization intersected in drillholes including:

- 19.81 m of 1.74 g/t Au

- 27.10 m of 1.02 g/t Au

- Visible gold noted in drillcores

- Nucleus zone mineralization extended an additional 90 m in depth

The Freegold Mountain Project now covers an area in excess of 64 square miles (166 square km) with greater than 700,000 contained ounces of gold(i) in several road accessible mineralized zones.

Historical work on the Freegold Mountain property dating back to 1930 indicates that the property holds significant potential to host bulk-tonnage gold-copper porphyry style mineralization such as that seen at Kinross Gold's Fort Knox deposit in Alaska (24.7 million ounces of gold from proven and probable reserves of 90.1 million tonnes grading 0.81 g/t) and Northgate Minerals' Kemess deposits in northern British Columbia which host 3.0 million ounces of gold and 944 million pounds copper from measured and indicated resources of 306 million tones grade 0.31 g/t to 0.40 g/t gold and 0.07 to 0.18% copper.

Hole numbering in the 2006 drill program started at GRD06-15. Results reported on the next page include holes GRD06-15 to 17 and GRD06-23 to 24. Analyses from all other holes are pending.

Nucleus Zone (Partial Results)

Drill results suggest continuity of gold mineralization between holes GRD06-15, GRD06-16 and GRD06-17.



GRD06-15
From To Meters Au g/t
3.05 28.96 25.91 0.73
45.72 65.53 19.81 1.74
74.68 77.72 3.04 1.69
131.00 132.40 1.40 9.26

GRD06-16
From To Meters Au g/t
11.10 30.50 19.40 0.56
41.50 82.00 40.50 0.54
102.30 107.60 5.30 1.14

GRD06-17
From To Meters Au g/t
18.29 42.10 23.81 0.76
70.50 88.00 17.50 0.66
118.00 121.00 3.00 1.28

Step out holes GRD06-23 and GRD06-24 extended mineralization to the west.

GRD06-23
From To Meters Au g/t
12.90 40.00 27.10 1.02
61.00 68.50 7.50 0.76

GRD06-24
From To Meters Au g/t
16.00 17.10 1.10 2.96
74.00 82.50 8.50 0.70
113.70 119.90 6.20 0.99
133.60 146.50 12.90 1.15


Single mineralized intervals of up to 1.7 g/t are not included in the tables above. Drill hole location map and drill tables can be found at http://www.northernfreegold.com/s/results.asp.

Quality Control and Assurance

All core samples from diamond drilling are split and sent to Eco Tech Laboratory in Kamloops. Blanks, commercial standards and duplicate core samples are included in each batch. Gold is analysed on 30 gram pulps by fire assay followed by aqua regia digestion and Atomic Absorption Spectrometry (AAS). Gold values greater than 1000 ppb are reanalysed by gravimetric fire assay. Check assays are carried out by metallic screen fire assay. Other elements are analysed by 28 element ICP analysis after aqua regia digestion. Additional check analyses and assays will be carried out by ALS Chemex in North Vancouver.

The program is under the direct supervision of Mr. Ron Robertson, P. Geol., hereby identified as the "Qualified Person" under the NI 43-101 requirements.

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.

Northern Freegold Resources Ltd.

On behalf of the Board of Directors

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

(i) 700,000 ounces of contained gold includes published historical resources in 3 zones totaling more than 257,000 ounces and a potential target (Nucleus) with approximately 441,000 ounces (see table below). For more information, please refer to the detailed NI 43-101 compliant technical report filed on SEDAR by Northern Freegold on August 2, 2006 and found at www.northernfreegold.com/i/pdf/2006_6_30_43-101.pdf.



-------------------------------------------------------
Tonnage Grade Contained
Zone (tonnes) (g/t) Au ounces
-------------------------------------------------------
Tinta Hill 700,000 10.0 225,080
-------------------------------------------------------
Goldstar
Margarete 123,800 4.5 17,913
Augusta 77,000 4.1 10,151
-------------------------------------------------------
Goldy 54,000 2.7 4,688
-------------------------------------------------------
Nucleus 13,000,000 to 0.8 to 418,006 to 463,002
18,000,000 1.0 Average: 440,514
-------------------------------------------------------


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.
    Bernie Kennedy
    Investor Relations Manager
    1-877-489-4440 or (250) 489-4440
    Website: www.northernfreegold.com