Northern Freegold Appoints
New Board Member to Further Develop Growth Plans
Vancouver,
BC: February 10, 2009. Northern Freegold Resources Ltd. (NFR: TSX-V) is
pleased to announce the appointment of Greg Johnson to the Board of
Directors, effective immediately.
Mr. Johnson joins the board of
Northern Freegold with over 20 years of experience in the mining
industry, including the past 10 years as a member of the senior
management team with NovaGold Resources where he is currently Vice
President of Strategic Development. Mr. Johnson has played an
instrumental role in the growth of NovaGold from a small exploration
company to one of the largest development stage companies in the precious
metal sector. Mr. Johnson is responsible for NovaGold's marketing and
communication activities, and is involved in developing strategic growth
opportunities for the company. Prior to his role at NovaGold, Mr. Johnson
was part of the management team responsible for overseeing the
exploration and acquisition activities for Placer Dome's International
Exploration Group in Africa and Eurasia, and as an explorationist with
the Alaska Exploration Group for Placer Dome, he was part of the
discovery team on the +30-million-ounce Donlin Creek gold deposit in
Alaska.
Bill Harris, CEO & COO
of NFR stated "Mr. Johnson brings a wealth of experience in the
mining industry and the public markets that will be invaluable in
assisting the future growth and development of Northern Freegold.� As NFR focuses on finalizing our first
resource estimate on the Freegold Mountain project anticipated in the
second quarter, we are pleased to have the addition of Mr. Johnson's
valuable contributions to our Board of Directors during this time of
rapid growth of the company."
The
Board of Directors of NFR have�
granted 300,000 common share purchase options at a price of $0.55
to a director of the company, expiring February 8, 2012. Pending
regulatory approval, the Company will re-price 200,000 common share
purchase options granted to employees to $0.55 per share from various
prices ranging from $0.73 to $0.83 per share.� The vesting provisions and expiry dates
of the re-priced options remain unchanged.
Northern Freegold is a rapidly
advancing Canadian-based precious metals exploration and development
company, which brings local expertise and strong management to focus on
the development of economic mineral resources on the district-scale
Freegold Mountain gold and copper project in the Yukon and the Burro
Creek gold and silver property in Arizona.
Northern
Freegold Resources Ltd.
�On behalf of the Board of Directors
Signed "Susan
P. Craig"
Susan P. Craig
President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.� 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.
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