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Dear
Investors,
Northern Freegold is a rapidly
advancing Canadian-based precious metals exploration and development
company poised for growth. Through its carefully managed exploration
programs, NFR's business plan is evolving with the changing commodity
prices and overall investment climate.
Northern Freegold is using its
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 recent stock performance reflects a strong growth and has
increased its stock price by 500% over the last 2 months. Northern
Freegold is also outperforming the Venture Exchange, as shown in the
Performance Chart below.
Several significant events
highlight Northern Freegold's commitment to growth over the past year and
into the 2009.
Addition to the Board of Directors
Mr.
Greg 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's contributions to the direction
of NFR during this time of rapid growth of the company will be valuable
as NFR focuses on finalizing our first resource estimate on the Freegold
Mountain project anticipated in the second quarter.
NI
43-101 Compliant Resource Calculations
� Due 2nd
Quarter 2009 for Nucleus & Tinta Zones
� 2008
Freegold Mountain Drilling: 97 holes; 75,000 feet
� Assays pending
on 39 holes
During
the 2008 exploration program, 53 drill holes were completed in the
Nucleus Zone at the district scale 166 sq km (64 sq mile) Freegold
Mountain Project in the Yukon Territory. Step out holes focusing in the
vicinity of the higher grade trend of the Nucleus Zone indicate the
presence of gold-rich (abundant visible gold in some samples) sulphide
lenses in addition to hydrothermal vein style mineralization. The high
grade lenses returned:
�
2.00 m of 45.25 g/t gold within 72.35 m of 2..50 g/t
gold (press
release dated July 19, 2007)
�
1.90 m of 86.71 g/t gold within 74.97 m of 4.26 g/t gold
(press
release dated Dec. 6, 2007)
�
3.25 m of 100.69 g/t gold within 37.80 m of 10.41 g/t gold (press
release dated June 9, 2008)
�
1.27 m of 410.00 g/t gold within 9.36 m of 70.19 g/t gold (press
release dated Jan.14, 2009)
�
0.96 m of 256.00 g/t gold within 4.00 m of 68.95 g/t
gold (press release dated Jan.26, 2009)
�
1.24 m of 206.50 g/t gold within 46.96 m of 14.51 g/t
gold(press release dated Feb. 12, 2009)
Results
are still pending for twelve drill holes in the Nucleus zone and
additional drilling is planned in the Nucleus zone for 2009.
Drill sections and a 3D visualization
can be viewed at http://www.corebox..netor
by following a link on the Company's website at http://www.northernfreegold.com.
Most Recently in the News
Northern Freegold Resources is continuing to expand its shareholder
base by creating awareness of NFR's past success and future
opportunities. Recently NFR attended the World Outlook Conference in
Vancouver and Sue Craig, President was highlighted on Michael Campbell's
radio show Money Talks on
February 14th.. To listen to the audio vault streaming
video interview CLICK HERE . The
interview starts right after the 9:30am news on February 14th.
NFR was most recently written up in:
MidasLetter by James West, February 24th,
2009
Goldnewsletter by Brien Lundin in the
February issue
The Northern Miner- February 13th,
2009
Canaccord Morning Coffee- January 27th, 2009
Canaccord Junior Mining Weekly-
January 20th, 2009
Casey Investment Alert-
January 26th, 2009 & February 2009
Upcoming Events:
PDAC, Toronto- March 1-4th, 2009- Booth 2806
www.pdac.ca
We thank you for your continued
interest and support of Northern Freegold Resources.
Sincerely,
Bill Harris
CEO & COO
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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