NFR Northern Freegold Resources Ltd

Northern Freegold Resources Ltd. (TSX VENTURE:NFR) - 

Highlights



--  Completed approx. 3,000 m of a planned 4,500 m Phase 1 drill program to
    expand 1 million ounce resource(1) at Nucleus deposit
--  Completed approx. 4,100 m of a planned 5,500 m Phase 1 drill program to
    test potential for significant new resources at adjacent Revenue zone
--  Initiating a Titan-24 (Quantec Geoscience) Deep Penetrating
    IP/Resistivity Survey to identify large scale (epithermal gold/porphyry
    gold-copper) targets associated with and adjacent to Nucleus-Revenue
    system



Northern Freegold Resources Ltd. is pleased to provide an update on the Phase 1
10,000 m drill program at the road accessible, district scale (200km2) Freegold
Mountain Project. The program seeks to expand the existing gold resource at the
Nucleus deposit, and help define additional gold and copper resources at the
highly prospective gold-silver-copper enriched Revenue zone. A Titan geophysical
survey has been added to the 2010 program to enhance the company's ability to
define additional gold and copper targets at depth.


"We are pleased with the progress of our drill programs and we look forward to
releasing results after interpretation and compilation. In the meantime, we have
initiated a Titan IP survey to further define this gold enriched porphyry
system. The ability of the Titan system to define the limits of existing
deposits and help identify new targets has been well demonstrated at several
mines and deposits near Freegold Mountain," commented Bill Harris, NFR's
Chairman & COO. "Results of the Titan survey combined with those from the
current drill programs in the Nucleus and Revenue Zones should help us
prioritize the highest potential targets in what we already know is a very large
scale gold-copper porphyry system."


Progress on Drill Programs:

Close to 3,000 m of the planned 4,500 m drill program at the Nucleus Deposit has
been completed. Thirteen step-out holes have been completed with an objective of
expanding the current million ounce(1) NI 43-101 compliant inferred gold
resource.


(1)(35.8 million tonnes @ 0.87 g/t gold with a 0.4 g/t cutoff including higher
grade zone of 184,000 contained ounces of gold within 2.2 million tonnes @ 2.55
g/t gold with a 0.4 g/t cutoff ; see news release dated March 5, 2010).


The Nucleus gold deposit remains open to further expansion in all directions and
to depth. The deposit is primarily a gold system with some copper enrichment,
primarily in the higher grade core and at depth, and is thought to be part of a
much larger gold-copper porphyry system. A large scale gold and copper soil
anomaly (24 km2) extends from the Nucleus Deposit for 6 km eastward through the
Revenue Zone.


The Revenue Zone shows similar geological and mineralogical characteristics to
other deposits in the region which have developed multi-million ounce gold
resources with multi-billion pound copper-moly resources. Results from limited
historical drilling combined with the information from NFR exploration activity
over the last four years has shown the potential of the Revenue Zone to contain
a large gold-copper mineralized system, warranting follow-up drilling with a
goal of defining new project resources.


To date, approx. 4,100 m of the planned 5,500 m reverse circulation (RC) drill
program has been completed. Twenty-nine (29) holes have been completed along a
3km trend of high gold and copper geochemical anomalies including 16 RC holes at
the Granger target, 9 RC holes in the Discovery target and 1 RC hole in the
Guder target (see attached map). Final assay results are pending, however
significant alteration and disseminated mineralization has been observed in the
drilling to date.


Titan 24 Deep IP Geophysical Survey to complement drilling at Nucleus & Revenue
Zones:


The significant RC program underway at the Revenue Zone is testing the top 150
metres of mineralization within a portion of the 24 sq km gold and copper
geochemical anomaly. The deep penetrating Titan-24 IP/Resistivity survey will
aid in determining the scope of the mineralized system and its extent down to an
estimated 750 m depth. The program will consist of 15 Titan (DCIP & MT) lines
totalling approx. 50 to 60 line kilometers with a line spacing of 500 m (see
attached map). The survey will cover an area of approx. 30 km2 which includes
the area covering the million ounce gold resource at the Nucleus Zone and the 24
km2 gold and copper soil geochemical anomaly over the Nucleus and Revenue Zones.
The survey is expected to take about two to four weeks to complete, once it
begins in early September.


Results of the Titan Survey in conjunction with previous geophysical surveys,
the expanded geochemical surveys and geological mapping, as well as the results
of 2010 and earlier drilling, should assist in the prioritization of additional
high potential targets and possibly identify previously unrecognized targets
with similar geophysical signatures to the resource at Nucleus and the known
gold-copper mineralized system at the Revenue Zone.


The Titan 24 survey has been successful at identifying targets and systems at
several deposits within the Dawson Range of the Tintina Gold Belt, within close
proximity (80 km radius) of the Freegold Mountain Project. For example, Titan 24
surveys have been utilized at the producing Minto Mine of Capstone Mining Corp.
(www.capstonemining.com) and the Casino Deposit of Western Copper Corporation
(www.westerncoppercorp.com) to expand the extent of known deposit limits. The
Minto Mine expanded their successful Titan test survey from 2009, which was
partially responsible for the Minto East discovery (see Capstone release dated
April 29, 2010). Capstone recently reported (see Capstone released dated July
15, 2010) a new high-grade copper gold discovery at their Minto Mine. The
"Wildfire" discovery was made as a result of "testing of an extensive
geophysical anomaly detected during a deep penetrating IP survey being conducted
over the Minto Mine property." The survey has also been utilized at the Sonora
Gulch Property of Northern Tiger Resources Inc. (www.northern-tiger.com) to
identify priority areas of the porphyry target (see Northern Tiger news release
dated July 15, 2010).


Geological Studies in the Dawson Range

NFR is participating in the "Dawson Range-White Gold Belt Project" of the
Mineral Deposit Research Unit (MDRU) at the University of British Columbia. The
project's main objective is to improve the geological, structural and
metallogenic foundation of this important region and to develop tools that
promote more successful exploration and targeting. In addition, the Yukon
Geological Survey (YGS) have been focusing on the metallogenic controls within
the Dawson Range and have released several publications on their initial
studies. NFR has been working closely with MDRU and YGS geologists to better
define controls on mineralization and target definition within the Freegold
Mountain Project. This will continue NFR's highly successful technical approach
to project wide exploration and will enable the Company to focus staff
geologists on growing the million ounce Nucleus resource and better
understanding the significance of the very large Revenue gold-copper porphyry
system and the relationship between the two systems.


Qualified Person

Allan Armitage, PhD, P. Geol (AB), Exploration Manager for Northern Freegold is
a Qualified Person as defined by National Instrument 43-101 and will be
responsible for quality control of exploration undertaken by the Company and has
reviewed and approved the technical information in this release.


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.


Northern Freegold Resources Ltd.

On behalf of the Board of Directors

Bill Harris, Chairman & COO

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.


Note: To view the map associated with this release, please click the following
link: http://media3.marketwire.com/docs/nfr0810.pdf

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