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NFR Northern Freegold Resources Ltd

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Share Name Share Symbol Market Type
Northern Freegold Resources Ltd TSXV:NFR TSX Venture Common Stock
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Northern Freegold Provides Update on Successful 2009 Program at Nucleus Zone, Freegold Mountain, Yukon

14/01/2010 1:15pm

Marketwired Canada


Northern Freegold Resources Ltd. (TSX VENTURE:NFR) is pleased to announce the
final results and provide an update on the 2009 Nucleus Zone program at the
district scale, road accessible Freegold Mountain Project, located in the Yukon.
In 2009, a total of 10,440 meters were drilled in 44 holes in the Nucleus Zone,
where an initial inferred gold resource of 1.082 million ounces was
announced(1). The Nucleus deposit is a bulk tonnage, potentially open-pittable
intrusion related gold mineralized system, open in all directions and to depth.
To date, only 2% of the Freegold Mountain Project has been drilled.


Highlights:

The 2009 program was successful in:

1. Confirming the continuity of the higher grade sulphide rich horizons within
the Nucleus deposit;


2. Potentially increasing the grade of lower grade portions within the resource;

3. Defining further gold mineralization inside and outside the resource
boundary; and


4. Identifying a large scale shear zone along the southern edge of the Nucleus
deposit which has potential to host additional mineralization.


Next steps:

- Resource calculation update - first quarter 2010

-- 3D geological model is presently being updated to incorporate the 2009 drill
holes.


-- Initial resource will be reviewed with the information from the updated
geological model and an updated resource will be reported.


- 2010 program planning to build ounces

-- Revised resource will provide areas to drill test in 2010 to expand ounces at
Nucleus.


--  Over the next few months a strategic assessment is underway to prioritize
targets to discover new ounces within large scale systems defined by the 2009
field work.


Bill Harris, CEO & COO commented, "Management at Northern Freegold is pleased
with the success of the 2009 program at the Nucleus. We are looking forward to
the updated resource calculation which will incorporate new mineralization
inside and outside of the initial resource boundary, as well as connecting the
higher grade horizons within the original resource. The discovery of the large
scale shear zone along the southern edge of the Nucleus deposit represents a
significant new target for resource expansion."


2009 Program Summary:

Confirmation of continuity of higher grade sulphide rich horizons

The isolated higher grade sulphide lenses first identified in the 2008 drilling
(GRD08-068 which intersected 37.80 m of 10.41 g/t gold) on the east side of the
Nucleus deposit were successfully connected into discrete horizons following the
2009 drilling program such as GRD09-131 which intersected 25.08 m of 2.45 g/t
gold. The eastern sulphide horizons strike to the east and dip steeply to the
south, extending for 175 m along strike and remain open to the west and at
depth. In addition, drilling on the west side of Nucleus and relogging of
historic drill core has identified similar sulphide lenses in that area. The
western sulphide rich horizons also strike to the east but dip shallowly to the
south. They stretch over 275 m along strike and remain open in all directions.
Currently, there is a gap between the sulphide rich areas within the center of
the Nucleus deposit. There is potential for the horizons to join, but deeper
drilling is needed to test this. Of further note is a sulphide lens drilled in
GRD09-157 (see table next page), in the southwest, which intersected 1.69 g/t Au
over 3.43 m. This hole was stopped due to poor ground conditions. No horizons
had been previously found in this area, so this opens up the potential for more
sulphide horizons to be found throughout the Nucleus Zone. Please refer to
selected 2008, 2009 drill hole results tables and map at end of release for
reference.


To view the map accompanying this press release, please click on the following
link: http://media3.marketwire.com/docs/nfr114.jpg


Gold mineralization outside of the resource boundary and identification of large
scale shear zone


The 2009 drill program, in conjunction with detailed geological mapping and
ground geophysics has provided a better understanding and interpretation of the
structures controlling the mineralization within and around the Nucleus Zone.
This work has identified a northwest trending brittle shear zone, which has
potential to host mineralization as evidenced by selected 2009 drill holes from
outside the resource boundary:


- Hole 128: 1.31 m of 11.50 g/t gold and 25.38 m of 1.25 g/t gold(2)

- Hole 144: 4.47 m of 9.68 g/t gold and 17.10 m of 1.01 g/t gold(2)

- Hole 147: 2.27 m of 10.05 g/t gold, 0.42 m of 51.40 g/t gold & 2.00m of 9.68
g/t gold(2) 


The brittle shear zone is located along the edge of a larger shear corridor
oriented northwest across the Nucleus Zone. The larger shear corridor is
composed of zones of ductile deformation grading outwards into zones of brittle
deformation, where the rocks are stretched and broken, forming breccias and
creating fractures. The brittle shear zone may extend across the entire Nucleus
Deposit, and remains open to the northwest and southeast as well as at depth.
Brittle shear zones are significant because breccias and fractures are good
hosts for gold mineralization as the open spaces within them allow for the
passage of mineralizing fluids which deposit gold and other metals.


(1) (67.67 million tonnes @ 0.5 g/t gold with a 0.3 g/t cutoff; see news release
dated July 27, 2009).


(2) see news releases dated Oct. 22, 2009 and Nov. 19, 2009

Drilling the gaps

The Nucleus resource contains lower grade portions due to lack of drilling. Some
drillholes from the 2009 drill program targeted a few of these areas. GRD09-135
intersected 59.32 m of 0.81 g/t gold within a lower grade area of the resource.
Of note is that GRD09-135 also intersected significant gold mineralization below
the resource (6.97 m of 3.96 g/t gold). Increasing the grade of certain areas of
the resource could potentially increase the amount of ounces.




Table of Remaining 2009 Drill Holes
---------------------------------------------------------------------------
                Length (m)                 Inter-  Inter-  Au(1) Au(2)
              Az (degrees)/  From      To    val     val      g/   oz/ Cu(3)
Hole No.     Dip (degrees)      m       m      m    feet  tonne   ton     %
---------------------------------------------------------------------------
GRD09-143  228.60/180/-50  No significant results
---------------------------------------------------------------------------
GRD09-145    284.99/0/-60   14.30   40.70  26.40   86.61   0.45  0.01   (ii)
And                         48.90   50.90   2.00    6.56  19.90  0.58   (ii)
And                        122.50  123.00   0.50    1.64   1.40  0.04   (ii)
And                        191.00  193.00   3.00    9.84   2.28  0.07  0.66
---------------------------------------------------------------------------
GRD09-146    289.56/0/-52   57.77   84.90  27.13   89.01   0.71  0.02  0.10
Including                   79.00   84.90   5.90   19.36   2.39  0.07  0.27
Including                   83.40   84.90   1.50    4.92   8.13  0.24   (ii)
And                        106.28  118.88  12.60   41.34   0.48  0.01   (ii)
Including                  116.25  118.88   2.63    8.63   1.26  0.04   (ii)
And                        158.55  160.18   1.63    5.35   2.05  0.06   (ii)
And                        175.84  185.45   9.61   31.53   0.73  0.02   (ii)
Including                  183.06  185.45   2.39    7.84   1.39  0.04  0.11
And                        195.07  198.65   3.58   11.75   0.88  0.03  0.50
---------------------------------------------------------------------------
GRD09-157    102.72/0/-50   70.97    74.4   3.43   11.25   1.69  0.05   (ii)
---------------------------------------------------------------------------
GRD09-159    176.79/0/-50   26.82   28.30   1.48    4.86   1.12  0.03   (ii)
And                         48.92   49.30   0.38    1.25   1.08  0.03   (ii)
And                         90.00  130.50  40.50  132.87   0.61  0.02   (ii)
And                        115.56  125.46   9.90   32.48   1.21  0.04   (ii)
Including                  124.95  125.46   0.51    1.67   5.83  0.17   (ii)
---------------------------------------------------------------------------
GRD09-160    230.13/0/-65  No significant results
---------------------------------------------------------------------------
Results less than 2.5 g/t/m gold were not reported in this table, unless
the grade was greater than 1 g/t gold
(1) Au composite intervals were calculated from Au ppb if Au values less
    than 1,000 ppb; if Au values were greater than 1,000 ppb fire assay
    g/tonne values were used
(2) Au oz/ton values were converted by dividing Au g/tonne value by 34.2857
(3) Percent values were calculated from ppm results; if Cu value was
    greater than 10,000 ppm lab reported % values were used;
(ii) Cu values less than 0.10%; NSR - No significant results



Drill sections and a 3D visualization can be viewed at www.corebox.net or by
following a link on the company's website at www.northernfreegold.com.


Sampling Methodology, Quality Control and Assurance

The holes were drilled by a skid mounted diamond drill with NTW core size (5.6
cm/2.2 inches in diameter). Core samples from diamond drilling were split and
sent to ALS Chemex Laboratory in North Vancouver for sample preparation and
analysis. Blanks, commercial standards and duplicate core samples were included
in each batch. To determine Au levels at the ppb level (detection limit 10,000
ppb) 30 g samples were fire assayed then digested in aqua regia solution and
analyzed by atomic absorption. Values over 1,000 ppb are re-assayed by fire
assay and then digested with aqua regia and then re-assayed by fire assay
followed by a gravimetric finish. Other elements are analyzed by a 33 element
package (ICP-AES analysis). Additional check-analyses are carried out at EcoTech
Laboratory in Kamloops. Intervals reported in this release do not necessarily
represent true widths of mineralization. The technical information disclosed in
this release has been reviewed and approved by Wade Barnes, P. Geo.


Northern Freegold is a well financed 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

Susan Craig, President

Cautionary Note Regarding Forward-Looking Statements

The information in this press release includes certain "forward-looking
statements". All statements, other than statements of historical fact, included
herein including, without limitation, plans for and intentions with respect to
the company's properties, statements regarding intentions with respect to
obligations due for various projects, strategic alternatives, quantity of
resources or reserves, timing of permitting, construction and production and
other milestones, are forward looking statements. Statements concerning Mineral
Reserves and Mineral Resources are also forward-looking statements in that they
reflect an assessment, based on certain assumptions, of the mineralization that
would be encountered and mining results if the project were developed and mined
in the manner described. Forward-looking statements involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from NFR's expectations include the uncertainties
involving the need for additional financing to explore and develop properties
and availability of financing in the debt and capital markets; uncertainties
involved in the interpretation of drilling results and geological tests and the
estimation of reserves and resources; the need for cooperation of government
agencies and First Nation groups in the exploration, and development of
properties; and the need to obtain permits and governmental approval. NFR's
forward looking statements reflect the beliefs, opinions and projections of
management on the date the statements are made. NFR assumes no obligation to
update the forward looking statements if management's beliefs, opinions,
projections, or other factors should they change.


Cautionary Note Regarding Reserve and Resource Estimates

This press release has been prepared in accordance with the requirements of the
securities laws in effect in Canada, which differ from the requirements of U.S.
securities laws. Unless otherwise indicated, all resource and reserve estimates
included in this press release have been prepared in accordance with National
Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and
the Canadian Institute of Mining and Metallurgy Classification System. NI 43-101
is a rule developed by the Canadian Securities Administrators which establishes
standards for all public disclosure an issuer makes of scientific and technical
information concerning mineral projects. Canadian standards, including NI
43-101, differ significantly from the requirements of the United States
Securities and Exchange Commission ("SEC"), and resource and reserve information
contained herein may not be comparable to similar information disclosed by U.S.
companies. In particular, and without limiting the generality of the foregoing,
the term "resource" does not equate to the term "reserves". Investors should
also understand that "inferred mineral resources" have a great amount of
uncertainty as to their existence and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part of an "inferred
mineral resource" will ever be upgraded to a higher category. The estimation of
quantities of resources and reserves is complex, based on significant subjective
assumptions and forward-looking information, including assumptions that arise
from the evaluation of geological, geophysical, engineering and economic data
for a given ore body. This data could change over time as a result of numerous
factors, including new information gained from development activities, evolving
production history and a reassessment of the viability of production under
different economic conditions. Changes in data and/or assumptions could cause
reserve estimates to substantially change from period to period. No assurance
can be given that the indicated level of mineral will be produced. Actual
production could differ from expected production and an adverse change in
mineral prices could make a reserve uneconomic to mine. Variations could also
occur in actual ore grades and recovery rates from estimates.




Nucleus Deposit

Selected 2007 & 2008 Results

---------------------------------------------------------------------------
                      From      To  Interval  Interval      Au     Au    Cu
Hole No.  Length(m)      m       m         m      feet g/tonne oz/ton     %
---------------------------------------------------------------------------
GRD07-041   262.13   66.85  139.20     72.35    237.30    2.50   0.07  0.26
---------------------------------------------------------------------------
GRD07-058   312.42   52.53  127.50     74.97    245.90    4.26   0.12   (ii)
---------------------------------------------------------------------------
GRD08-068   224.03   42.20   80.00     37.80    124.02   10.41   0.30  0.29
---------------------------------------------------------------------------
GRD08-073   234.08  102.40  149.36     46.96    154.07   14.51   0.42  0.22
---------------------------------------------------------------------------
GRD08-099   303.38  109.64  119.00      9.36     30.71   70.19   2.05  0.21
---------------------------------------------------------------------------
GRD08-100   312.42  239.30  245.05      5.75     18.86    4.98   0.15   (ii)
---------------------------------------------------------------------------
GRD08-111   208.79   29.65   37.55      7.90     25.92   25.33   0.74   (ii)
---------------------------------------------------------------------------
GRD08-113   190.50   60.13   63.73      3.60     11.81   55.27   1.61  0.99
---------------------------------------------------------------------------
GRD08-114   280.42   21.00   25.00      4.00     13.12   68.95   2.01   (ii)
---------------------------------------------------------------------------
GRD08-118   204.22  118.50  122.01      3.51     11.52   24.20   0.71  0.15
---------------------------------------------------------------------------

Selected 2009 Results

---------------------------------------------------------------------------
                      From      To  Interval  Interval      Au     Au    Cu
Hole No.  Length(m)      m       m         m      feet g/tonne oz/ton     %
---------------------------------------------------------------------------
GRD09-121   141.74   49.00   58.63      9.63     31.59    0.91   0.03  0.36
 Including           52.19   55.78      3.59     11.78    1.60   0.05  0.67
 Including           52.19   58.63      6.44     21.13    1.10   0.03  0.52
---------------------------------------------------------------------------
GRD09-123   182.88   74.68   81.88      7.20     23.62    1.35   0.04  0.14
---------------------------------------------------------------------------
GRD09-125   239.27  135.20  137.20      2.00      6.56   21.60   0.63  0.18
---------------------------------------------------------------------------
GRD09-127   283.47   68.58   74.04      5.46     17.91    1.62   0.05  0.19
---------------------------------------------------------------------------
GRD09-128   295.66  113.30  138.68     25.38     81.34    1.25  0.036   (ii)
---------------------------------------------------------------------------
GRD09-129   272.80  103.04  105.00      1.96      6.43   22.80   0.67  0.12
---------------------------------------------------------------------------
GRD09-130   291.08   37.70   46.50      8.80     28.20    1.97  0.057   (ii)
And                  61.70  101.00     39.30    125.95    0.94  0.027   (ii)
 Including           61.70   73.40     11.70     37.50    1.25  0.036   (ii)
 Including           83.50  101.00     17.50     56.08    1.05  0.031  0.13
 Including           83.50   89.00      5.50     17.63    1.89  0.055  0.13
---------------------------------------------------------------------------
GRD09-131   301.76   73.53   98.61     25.08     82.28    2.45   0.07  0.15
---------------------------------------------------------------------------
GRD09-132   455.68    0.00   22.86     22.86     73.26    1.08  0.032   (ii)
---------------------------------------------------------------------------
GRD09-134    272.8   38.10   44.08      5.98     19.16    1.56  0.045   (ii)
---------------------------------------------------------------------------
GRD09-135   290.36   53.27  112.59     59.32    194.62    0.81  0.024   (ii)
 Including           60.98   71.00     10.02     32.87    1.14  0.033   (ii)
 Including          108.30  112.59      4.29     14.07    3.68  0.107   (ii)
And                 221.33  228.30      6.97     22.87    3.96  0.112   (ii)
---------------------------------------------------------------------------
GRD09-139           236.80  255.20     18.40     60.37    1.00  0.029   (ii)
Including           246.00  250.20      4.20     13.78    3.08  0.090   (ii)
---------------------------------------------------------------------------
GRD09-144   270.67   66.80   83.02     16.22     53.22    2.96  0.086   (ii)
 Including           67.66   72.13      4.47     14.67    9.68  0.282   (ii)
And                 206.93  224.03     17.10     56.10    1.01  0.029   (ii)
---------------------------------------------------------------------------
GRD09-147   303.28    7.22    9.49      2.27      7.45   10.05  0.293   (ii)
And                  49.96   50.38      0.42      1.38   51.40  1.499   (ii)
---------------------------------------------------------------------------
GRD09-149   300.23   81.65   94.49     12.84     42.13    0.81  0.023   (ii)
---------------------------------------------------------------------------
GRD09-150   298.71  124.20  130.69      6.49     21.29    1.47  0.043   (ii)
---------------------------------------------------------------------------
GRD09-151   240.80  125.50  140.70     15.20     49.87    1.40  0.041   (ii)
---------------------------------------------------------------------------
GRD09-152   260.30    6.00    8.00      2.00      6.56    7.73  0.225   (ii)
---------------------------------------------------------------------------
GRD09-153   391.89  327.96  328.33      0.37      1.21   38.70  1.129  0.38
And                 368.30  370.10      1.80      5.91   11.30  0.330  0.10
---------------------------------------------------------------------------
GRD09-158   216.11   56.18   62.20      6.02     19.75    0.99  0.029   (ii)
---------------------------------------------------------------------------
Results less than 2.5 g/t/m gold were not reported in this table, unless
the grade was greater than 1 g/t gold
(1) Au composite intervals were calculated from Au ppb if Au values less
    than 1,000 ppb; if Au values were greater than 1,000 ppb fire assay
    g/tonne values were used;
(2) Au oz/ton values were converted by dividing Au g/tonne value by 34.2857
(3) Percent values were calculated from ppm results; if Cu value was
    greater than 10,000 ppm lab reported % values were used;
(ii) Cu values less than 0.10%; NSR - No significant results

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