Gold Exploration & Development

Almaden Project, Idaho, Golden Summit, Vinasale & Rob Projects, Alaska.

Message: Freegold Appoints New VP Exploration and New Direct



VANCOUVER, Feb. 3 /CNW/ - Freegold Ventures Limited (TSX: FVL Frankfurt:
FR4N) ("Freegold") is pleased to announce the appointment of Mr. Alvin W. Jackson,
P.Geo. to the position of Vice President Exploration and Development.
Mr. Jackson has been a Director of Freegold since March 2010. Mr.
Jackson was instrumental in the development of EuroZinc Mining
Corporation, which acquired the Aljustrel zinc-lead project and the
Neves-Corvo copper mine, both located in southern Portugal. As a result
of those acquisitions, EuroZinc grew to a market capitalization of over
$1.8 billion before merging with Lundin Mining in 2006. Mr. Jackson has
over 40 years experience in mineral exploration and mine development
and was directly involved in the exploration and development of two
major gold deposits and one porphyry copper deposit, all of which
subsequently became producers.

In addition, Freegold is pleased to announce that the Mr. Garnet
Dawson, P.Geo. has joined the Freegold Board. Mr. Dawson is presently
Vice President, Exploration of Brazilian Gold Corporation and is a
registered Professional Geologist (APEGBC) with 28 years of domestic
and international exploration experience. He was the former Vice
President, Exploration of EuroZinc Mining Corporation before it merged
with Lundin Mining in 2006. Prior to joining EuroZinc, he consulted
internationally and held a number of positions with Battle Mountain
Canada Inc., British Columbia Geological Survey and Esso Minerals
Canada Ltd. He holds a Bachelors of Science in Geology from the
University of Manitoba and a Master's of Science in Economic Geology
from the University of British Columbia.

Freegold would like to thank Michael Gross, who has until recently,
served as Vice President Exploration since March 2006. Mr. Gross will
continue to act in a consulting capacity for the Company.

We are extremely pleased to have strengthened our management team and
Board of Directors. Freegold has an extensive exploration program
planned on our projects in Alaska this year commencing with drilling on
its Golden Summit project in mid February. In addition to the drilling
program at Golden Summit, NI 43-101 resource calculations are underway
on both the Vinasale and Golden Summit projects and are expected to be
completed in the near term.

About Freegold Ventures Limited

Freegold is a TSX listed company focused on the exploration of gold
projects in Alaska. In addition to the Golden Summit project, the
company holds a 100% in lease interest in the Rob project near the Pogo
gold mine in the Goodpaster Mining District of Alaska and has an
exploration agreement with an option to lease the Vinasale project in
central Alaska.

This press release contains forward-looking information. This
forward-looking information includes, or may be based upon, estimates,
forecasts, and statements as to management's expectations with respect
to, among other things, anticipated future financing. Forward-looking
information is based on the opinions and estimates of management at the
date the information is given, and is subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking information. These factors include uncertainties
relating to the availability and timing of such financing and other
factors. The forward-looking information contained herein is given as
of the date hereof and the Company assumes no responsibility to update
or revise such information to reflect new events or circumstances,
except as required by law.

For further information:

Kristina Walcott-President and CEO Telephone: 1.604.662.7307 [email protected]

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