FREEGOLD VENTURES LIMITED
For Immediate Release
Freegold Commences 40,000 foot Phase 2 Expansion Drill Program
at Golden Summit
February 27, 2008 (Vancouver, BC) – Freegold Ventures Limited (TSX: ITF, OTCBB: FGOVF, Frankfurt: FR4) is
pleased to announce the first of a series of drilling programs that will be undertaken on its projects this year.
Each program is designed to further delineate and extend the new, open-ended mineralized zones intersected in
the 2007 programs, and to continue to expand and further upgrade the Company’s gold resources.
The first program to be undertaken is a 40,000 foot Phase 2 continuation of the systematic RAB drill program that
was conducted from December 2006 through November 2007 on the Golden Summit project outside Fairbanks,
Alaska. This program consisted of 674 (40,093 feet) shallow, closed spaced vertical holes that were drilled in
north-south oriented lines of holes at various locations along a mile wide east-west oriented area of gold
mineralization in the vicinity of the historic Cleary Hill Mine. This area was seen to contain broad and continuous
gold-bearing shear zones over the entire mile length and over a maximum tested width of 1,500 feet. The
mineralization identified in this first phase of drilling remains open in all directions. This mineralized area is
comprised of multiple 100 to 300 foot wide parallel shear zones that can be traced from drill fence to fence. The
shears themselves contain multiple high grade narrow veins (which was the focus of historical underground mining
in the camp) surrounded by lower grade mineralization, that in its entirety, presents attractive bulk mineable, open
pit mineralized targets.
As seen in Figure 1 ( www.freegoldventures.com/i/maps/Map_022708ITF.jpg ) the initial fences were
drilled in the eastern half of the area, starting in the vicinity of the old Beistline shaft, where trenching, stripping