FRE:CC - Fremont Gold Announces Option Grants

Vancouver, British Columbia--(Newsfile Corp. - January 2, 2024) - Fremont Gold Ltd. (TSXV: FRE) (FSE FR20) (OTCQB: FRERF) ("Fremont" or the "Company") is pleased to announce that its Board of Directors has approved the granting of stock options to management, advisors and consultants pursuant to the Company's stock option plan. The stock options entitle the holders (a total of six persons, three of whom are members of management) to purchase a total of 1,100,000 common shares in the capital stock of the Company at a price of $0.09 per common share. The stock options have a term of five years and vest over a 24-month period.

About Fremont

Fremont's mine-finding management team has assembled a portfolio of potential world-class copper-gold mineral opportunities within the central Tethyan belt of Armenia, and controls two advanced gold exploration projects in Nevada.

On behalf of the Board of Directors,

Dennis Moore
President and CEO, interim Chairman

For further information, contact:

Fremont Gold Ltd.
Dennis Moore
Telephone: +351 925062196
www.fremontgold.net
https://twitter.com/GoldFremont
https://www.linkedin.com/company/fremont-gold/

Forward looking statements

This news release contains forward-looking statements. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the filings made by the Company with securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/192917