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NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 1 Allan Armitage Revenue Porphyry Au-Cu Project Freegold Mountain, Yukon November 2011 Alan Sexton Slide 2 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 2 Minto Mine Casino Deposit Carmacks Cu Deposit YUKON 100% Interest in the Freegold Mountain Project, within the Dawson Range, central Yukon Located approx. 200km north of the city of Whitehorse 70 km northwest of the town of Carmacks, on the Klondike Highway paved road from Whitehorse to Dawson Property Location and Background Slide 3 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 3 Property Location and Background Whitehorse 200km From Carmacks, the unpaved Freegold Road and additional subsidiary unpaved roads provides access to a large portion of the project area Work conducted out of the main Revenue camp and several smaller satellite camps Has been under active exploration for several decades Other Major Projects in the area Minto Mine (Cu-Au) Producing since 2007 Carmacks Copper (Cu-Ag-Au) Permitting/Feasibility Casino (Cu-Au-Mo) Permitting/Pre-Feasibility Casino Western Copper Slide 4 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 4 Initial Target Deposit NI 43-101 Resource Zones Drilled by NFR Host to numerous deposits and showings Porphyry Au-Cu systems Epithermal Au-Ag base metals, and Gold Skarn 35 km/22 miles 10km/6 miles District Scale Freegold Mountain Project, Yukon Road Accessible Consolidated Land Package Comprised of 1,051 contiguous claims totalling 198 square km Slide 5 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 5 Focus of 2010 and 2011 Programs in Nucleus and Revenue Area Potential for a large scale gold-rich porphyry system Open pit mineable resource Drilling: ~3% of property drilled to date (White dots represent holes drilled to date on the property) Initial Target Deposit NI 43-101 Resource Zones Drilled by NFR District Scale Freegold Mountain Project, Yukon Slide 6 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 6 Freegold Mountain Project - Regional Geology Property is underlain by the Paleozoic or older metasedimentary and metavolcanic rocks of the Yukon-Tanana Terrain Extensively intruded by Jurassic to Late Cretaceous rocks of the Coast Plutonic Complex (Stikinia) Mid-Cretaceous rocks include the Dawson Range Batholith, Casino Granodiorite and Coffee Creek granite The above units are cut by Late Cretaceous sills and dykes of felsic to intermediate composition Property is transected by moderate to steep dipping northwest-trending faults which parallel the Tintina and Denali faults Slide 7 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 7 Freegold Mountain Project - Property Geology Property is bounded by two major structures, the North and South Big Creek fault zones Between these two major structures are two sets of secondary structures west to northwest and north to northwest multiple reactivations Mineralization controlled by these two sets of structures Slide 8 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 8 Nucleus and Revenue Nucleus Deposit Geology Most advanced exploration target on the property Geology dominated by variably altered basement metasedimentary and metavolcanic rocks, younger quartz monzonite and granidiorite and a quartz- feldspar porphyry dyke suite Nucleus Deposit Slide 9 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 9 Nucleus and Revenue Revenue Zone Geology Variably altered granodiorite and quartz monzonite Feldspar porphyry dykes Centered around an intrusive breccia Revenue Breccia Revenue Zone Slide 10 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 10 Nucleus and Revenue - Mineralization Mineralization occurs within all basement and younger intrusive rocks and appears to be structurally controlled Alteration includes extensive clay alteration, biotite, sericite and silica alteration Mineralization associated with pyrite/pyrrhotite + chalcopyrite +/- molybdenum in veins, veinlets and infill in breccias and less commonly with gold bearing quartz +/- arsenopyrite veins and veinlets Recent age dating indicates mineralization associated with one mineralizing event - Classified as a Porphyry Au-Cu-AgMo deposit Slide 11 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 11 Nucleus and Revenue Re-evaluation Built database, went back and looked at soil geochemical survey, airborne and surface geophysics and historic drilling in the Revenue area. Identified a significant gold and copper soil anomaly covering an area 6 km by 4 km (24 km2) extending from the Nucleus deposit eastward across the Revenue Zone Historical Drill results from the Revenue Zone has significant Au, Cu, Ag and Mo numbers over extended widths 2010 Program Objectives: Continue to expand on the million ounce NI 43-101 inferred gold resource at the Nucleus deposit Drill test the large scale gold and copper soil anomaly (6 x 4 km) which extends from the Nucleus deposit eastwards to beyond the Revenue Zone Slide 12 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 12 Nucleus and Revenue Au Soil Anomaly Slide 13 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 13 Nucleus and Revenue Cu Soil Anomaly Slide 14 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 14 Nucleus and Revenue 2010 Exploration Program Nucleus ~ 4,500 m of diamond and Reverse Circulation (RC) to expand the resource at the Nucleus deposit Revenue ~ 6,000 m of RC and diamond drilling to systematically test several priority targets. Slide 15 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 15 Nucleus and Revenue - Geophysics Titan-24 (Quantec Geoscience) Deep Penetrating IP/Resistivity Survey to identify large scale (porphyry gold-copper system) targets associated with and adjacent to Nucleus-Revenue system Slide 16 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 16 Nucleus and Revenue Zone 2010 Results Highlights Successful drill program in Nucleus zone; expands the Nucleus resource laterally and to depth Successful drill program in Revenue zone; defines significant near surface gold, copper and silver mineralization open laterally and to depth Titan Survey identifies 6 zones of interest over and around Revenue Zone and Nucleus Deposit Results from the Titan Survey combined with the drill results from Revenue Zone confirms a large scale mineralized system encompassing the Nucleus Deposit and extending east through the Revenue Zone Slide 17 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 17 Updated Nucleus 43-101 Resource, Revenue Target Deposit *Au eq. Calculation used conservative 3 year averages at time of calculation in February 2011: US$856/oz Au; US$14.40/oz Ag, US$3.31/lb Cu 148.5 *M t @ 0.70 g/t gold, 0.90 g/t silver and 0.06% copper;241.5 M t @ 0.47 g/t gold, 0.98 g/t silver and 0.07% copper; *AuEq calculated based upon US$846/oz gold, US$14.40/oz silver, US$3.31/lb copper; metallurgical recoveries and net smelter returns are assumed to be 100% ; 3the potential quantity and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource it is uncertain if further exploration will result in discovery of a mineral Rresource;Qualified Person as per NI 43-101 responsible for technical information in presentation is Allan Armitage, Ph.D., P.Geol. GoldSilverCopperGold Equivalent* AuEq* Cutoff (g/t) Tonnes Grade (g/t) Contained Au ounces Grade (g/t) Contained Ag ounces Grade % Contained Cu lbs Grade (g/t) Contained ounces Indicated 0.3070,192,0000.551,250,0000.781,756,0000.0687,599,0000.721,635,000 0.4048,499,0000.701,096,0000.901,398,0000.0667,753,0000.891,393,000 0.5034,616,0000.86961,0001.021,189,0000.0752,964,0001.071,194,000 Inferred 0.3064,210,0000.38783,0000.851,751,0000.0684,390,0000.561,153,000 0.4041,449,0000.47627,0000.981,307,0000.0762,026,0000.67898,000 0.5026,939,0000.59509,0001.05912,0000.0741,593,0000.80691,000 Revenue Target Deposit 40,000,000 to 100,000,000 0.30 to 0.50 700,000 to 1,100,000 2.7 to 3.7 5,000,000 to 10,000,000 0.11 to 0.14 140,000,000 to 280,000,000 Slide 18 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 18 Nucleus and Revenue Zone Titan 24 Results 6 large scale zones of interest extending east from the Nucleus Deposit through the Revenue Zone were defined by the survey Nucleus and Revenue Zone Titan 24 Results Slide 19 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 19 Nucleus and Revenue Zone Titan 24 Results Casino Deposit Outline Reserves 8 M oz, Au 4.4 B lb Cu, 475 M lb Mo P & P (0.24 g/t Au, 0.21% Cu, 0.02% Mo) Nucleus and Revenue Zone Titan 24 Results Slide 20 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 20 Focus of the 2011 Program: Upgrading of the Revenue Zone from Target Deposit to Inferred Resource Titan 24 IP survey over the Stoddart Cu-Au-Mo Zone Revenue target deposit, the Nucleus deposit and the Stoddart Zone are all part of a large scale gold rich porphyry system Drilling: ~3% of property drilled to date (White dots represent holes drilled to date on the property) Initial Target Deposit NI 43-101 Resource Zones Drilled by NFR District Scale Freegold Mountain Project, Yukon Slide 21 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 21 Revenue Zone Initial 2011 Drill Results The holes reported here include in-fill and step-out holes drilled within and around the Revenue Target Deposit. Higher grade within extensive lower grade intervals The results of drilling to date expand on the size of the Revenue Target deposit and demonstrate the size potential of the deposit. The deposit is open laterally and at depth. Revenue zone Target Deposit to be upgraded to Inferred Resource. Hole #FromToLength (m)Au (g/t)Ag (g/t)Cu (%)Mo (%)AUEQ (g/t) RVD11-014300.9330.729.80.391.540.180.021.02 RVD11-01612.057.245.20.661.350.060.000.82 RVD11-016A391.4427.436.00.102.370.150.111.66 RVD11-01955.289.033.80.355.260.240.011.06 RVD11-019141.5263.2121.70.936.200.160.031.64 RVD11-020192.9222.529.60.472.580.070.000.69 RVD11-020437.5502.765.20.413.280.140.000.77 RVD11-02272.395.423.10.364.370.200.010.94 RVD11-022102.9147.344.40.424.530.190.010.99 RVD11-022161.9204.142.20.253.120.140.010.71 RVD11-022236.1304.768.60.332.460.120.030.97 RVD11-026194.6215.520.90.234.200.190.020.94 RVD11-028112.2135.022.80.605.550.300.021.50 RVD11-028146.7272.3125.60.445.150.210.132.29 Slide 22 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 22 Stoddart Zone 2011 Titan 24 Results Titan Survey identified 12 First Priority Targets medium to high chargeability with medium to low resistivity Anomalies were identified over a strike length of 2.5km, widths of 2.5km and vertical extents in excess of 500m One of the 12 First Priority Targets corresponds to the 2007-2008 diamond drilling completed in the Stoddart Zone. This drilling intersected significant Cu-Ag-Au-Mo mineralization The Stoddart Zone porphyry mineralization may be part of a much larger porphyry system identified in the Nucleus and Revenue Zones, and may extend that porphyry system an additional 3 km along strike Slide 23 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 23 Slide 24 Slide 25 Slide 26 NORTHERN FREEGOLD RESOURCES TSX.V: NFR www. northernfreegold.com 26 Nucleus, Revenue and Stoddart Zone Closing Nucleus deposit is open laterally and to depth; based on drilling and geophysics excellent potential to expand the Indicated/Inferred Resource The results of drilling to date in and around the Revenue zone are highly encouraging as they continue to expand on the size of the Revenue Target deposit and demonstrate the size potential of the deposit. The deposit is open laterally and at depth Revenue zone Target Deposit to be upgraded to Inferred Resource Results from the 2010 Titan Survey combined with soil geochemistry and recent drill results from confirms a large scale mineralized system encompassing the Nucleus Deposit and extending east through the Revenue Zone The Stoddart Zone porphyry mineralization may be part of a much larger porphyry system identified in the Nucleus and Revenue Zones, and may extend that porphyry system an additional 3 km along strike