NFR Northern Freegold Resources Ltd

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Northern Freegold Resources Ltd. (TSX VENTURE:NFR)(OTCQX:NFRGF)(FRANKFURT:8N6)
("Northern Freegold" or the "Company") is pleased to announce that subject to
TSX Venture Exchange acceptance, it has closed its second and final tranche of
the private placement announced on April 3, 2013, for $737,400 by the issuance
of 12,289,999 units at $0.06 per unit (the "Units"). Together with the first
tranche of the offering Northern Freegold has raised aggregate gross proceeds of
$1,563,500 by the issuance of 26,058,332 Units. The financing was initially
announced for up to $1 million but was increased due to demand.


Each Unit consists of one common share and one-half of one non-transferable
common share purchase warrant. Each whole warrant ("Warrant") is exercisable to
acquire an additional common share at $0.10 for 36 months. In the event that the
Company's common shares trade at a twenty-day volume-weighted average trading
price ("VWAP") of $0.15 or greater on the TSX Venture Exchange (or such other
exchange on which the shares may be listed) at any time after four months and
one day after the Closing Date, the Company may accelerate the expiry date of
the Warrants by giving notice to the holders thereof and in such case the
Warrants will expire on the 30th day after the date on which such notice is
given by the Issuer.


Northern Freegold intends to use the net proceeds from the private placement on
the Company's mineral properties and for general working capital.


A total of $44,856.00 in finders' fees were paid in connection with the second
and final tranche of the private placement.


All of the securities issued are subject to a hold period expiring August 24, 2013. 

About Northern Freegold

Northern Freegold Resources Ltd. (TSX VENTURE:NFR)(OTCQX:NFRGF)(FRANKFURT:8N6)
trades in Canada on the TSX Venture Exchange under the symbol "NFR" and in the
United States on OTCQX under the symbol "NFRGF". Northern Freegold is a rapidly
advancing Canadian-based precious metals exploration and development company.
Northern Freegold brings wide-ranging expertise and strong management to focus
on the development of its district-scale Freegold Mountain gold and copper
project in the Yukon and the Burro Creek gold and silver property in Arizona.


On behalf of the Board of Directors,

John Burges, President and CEO

Cautionary Note Regarding Forward-Looking Information: Statements in this press
release include certain "forward-looking information". All statements, other
than statements of historical fact, included herein, including, without
limitation, the intended use of the proceeds of the private placement and
exploration plans, contain forward-looking information. Readers are cautioned
that actual events may vary from the forward-looking information contained in
this news release. Material risk factors that could cause actual results to
differ materially from the forward-looking information in this news release
include, but are not limited to, inability of the Company to obtain final
acceptance of the private placement, that the Company's planned exploration of
its Freegold Mountain property will not proceed as anticipated, uncertainties
involved in the interpretation of drilling results and geological tests, the
results of exploration being different than those anticipated by management and
the need for cooperation of government agencies and First Nation groups in the
exploration and development of the Company's Freegold Mountain property. The
forward-looking information in this news release is based on the assumptions
that market conditions and regulatory requirements will not change in any
material respect, that the Company will be able to commence its planned work and
drilling in the anticipated timeframes, that the Company's planned exploration
of its Freegold Mountain property will proceed as anticipated and that the
Company will be able to obtain final approval of the private placement. The
Company does not assume any responsibility for updating forward-looking
information, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northern Freegold Resources Ltd.
Andy Hay
Corporate Communications
+1 (604) 893-8757 or Toll Free: 1-877-893-8757
andy@northernfreegold.com
www.northernfreegold.com

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