Northern Freegold Resources Ltd.

Northern Freegold Resources Ltd.

August 21, 2007 10:56 ET

Northern Freegold Resources Ltd.: Stock Options Granted

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2007) - Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce the granting of incentive stock options to directors, officers, employees, contractors and consultants of the company for the purchase of a total of 752,500 shares at the exercise price of $0.85 per share and 150,000 shares at the exercise price of $1.00 per share, expiring August 21, 2010.

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.
    Bernie Kennedy
    Investor Relations Manager