Freedom Gold extends share offering, plans unit placement and debt settlement

Freedom Gold Corp. (CSE: FRDM) announced an extension of its non-brokered private placement of up to 4,444,444 flow-through common shares at C$0.18 per share, targeting gross proceeds of up to C$800,000. The completion deadline has been extended to October 30, 2026.

The company also announced a separate non-brokered private placement of up to 1,666,666 units at C$0.12 per unit, seeking gross proceeds of up to C$200,000. Each unit consists of one common share and one warrant, with each warrant exercisable at C$0.18 per share for 24 months from issuance. Proceeds will be used for general working capital. Closing is anticipated on or about October 30, 2026, subject to Canadian Securities Exchange approval.

Freedom Gold separately announced plans to settle C$25,654.89 in debt owed to current and former directors through the issuance of 213,790 common shares at a deemed price of C$0.12 per share. Director Michel Lebeuf will receive 88,790 of those shares, constituting a related party transaction under applicable securities regulations. The company said it expects to close the debt settlement within 21 days of the announcement.

The company also announced board changes effective October 8, 2026. Jimmy Gravel and George O'Reilly were appointed as directors. Gravel currently serves as chief executive officer and president of SLAM Exploration Ltd. (TSX Venture Exchange: SXL) and previously led Genius Properties Ltd. through a transition into Cerro de Pasco Resources Inc. O'Reilly is a retired mineral deposit geologist who spent 37 years with Nova Scotia's Department of Mines and Energy before retiring in 2013.

Richard Goldstein resigned as a director, also effective October 8, 2026.

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