President of Northern Freegold Resources Steps Down
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/16/11 -- The Board of Directors of Northern Freegold Resources Ltd. (the 'Company') (TSX VENTURE: NFR)(OTCBB: NFRGF)(FRANKFURT: 8NG) announces today that it has accepted the resignation of Ms. Susan Craig, M.Sc., P.Geo. as President of the Company. Ms. Craig will continue to be on the Board of Directors and provide her expertise including liaising on technical, environmental, and socio-economic issues regarding industry developments.
Mr. John Anderson, Chairman, commented: 'On behalf of the Board of Directors and Shareholders, we would like to thank Ms. Craig for her invaluable contributions to the development of the Freegold Mountain project. The project continues to grow and we are confident that we will find a successor that can lead the project to the next level of expansion.'
Mr. Tim Termuende, Interim CEO, added: 'I would like to thank Ms. Craig for her tireless work and significant contributions to the Company since its inception. We wish her well in her future endeavors.'
Mr. Termuende will assume the responsibilities of Interim President in addition to his current role as Interim CEO.
About Northern Freegold:
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.
On behalf of the Board of Directors
Tim Termuende, P. Geo., Interim President and CEO
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Northern Freegold Resources Ltd.
Julie Hajduk
Investor Relations Manager
Toll Free: 1.877.893.8757 or 604.893.8757
604.893.8758 (FAX)
www.northernfreegold.com