Freegold Updates Exploration Activities

VANCOUVER, April 26 /CNW/ --
VANCOUVER, April 26 /CNW/ - Freegold Ventures Limited (TSX: FVL) (Frankfurt: FR4N) ('Freegold' or the 'Company') is pleased to provide an update of its current
exploration activities.

At Golden Summit 14 holes have now been completed totaling 2,300 metres
of a planned 5,000 metre program. In early April the Company added a
second rig in order to expedite the program.  It is anticipated this
phase of the drill program will be completed the end of May.  Assays
results are pending. Upon completion of the Phase 1 program the Company
will undertake property wide ground geophysical and geochemical surveys
in order to delineate additional targets for a planned fall drilling
program. One of the areas to be evaluated is the Goose Creek area where
historical drilling intercepted 4.0 g/t gold over 48 metres starting at
50.2 meters down hole, including 16.8 g/t gold over 6.08 meters and
11.6 g/t gold over 6.08 meters. This hole also intersected  29 g/t
silver over 56 metres starting at 45.7 meters down hole.  No drilling
has been completed in this particular area since 1997.  These
intercepts are historical in nature however were drilled under
Freegold's supervision.

On the Vinasale project preparations are currently underway for the
ground geophysical survey which is expected to commence mid May which
is aimed at targeting additional areas for resource expansion in
preparation for the summer drilling program.  Drilling is expected to
commence in late June.

Freegold also announces that it has accepted the resignation of Mr.
Bruce Ramsden from its Board of Directors.  The Company  wishes to
thank Mr. Ramsden for his contributions over the past two years and
wishes him all the best in his future endeavours.

The Qualified Person who has reviewed the technical disclosure contained
in this release is David Adams, MSc., an independent geological
consultant.

About Freegold Ventures Limited

Freegold is a TSX listed company focused on the exploration of gold
projects in Alaska.  In addition to the Golden Summit Gold Project, the
company holds a 100% in lease interest in the Rob Gold Project near the
Pogo Gold Mine in the Goodpaster Mining District of Alaska and has an
exploration agreement with option to lease the Vinasale Gold project in
central Alaska.

Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address future
events and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the
statements. Such factors include without limitation the completion of
planned expenditures, the ability to complete exploration programs on
schedule and the success of exploration programs.

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Kristina Walcott-President and CEO
Telephone: 1.604.662.7307
jkw@freegoldventures.com