As President and CEO of Fremont Gold, I would like to bring to your attention the news release disseminated two days ago on Feb 16, 2018 by McEwen Mining  which announces an updated feasibility study for their Gold Bar development project that is scheduled to produce 62,800 oz/annum at $770/oz starting in early 2019. You can view the news release by copying and pasting the following link:

http://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2018/McEwen-Mining-Updates-Positive-Feasibility-Study-for-Gold-Bar-Mine-Nevada/default.aspx

This announcement is a very important development for Fremont Gold, as it verifies the economic robustness of McEwen Mining’s Gold Bar project, which is adjacent to and surrounds Fremont’s two primary assets, the original Gold Bar mine and the Gold Canyon property respectively (McEwen derived the name for their project from the nearby Gold Bar mine, which is in fact controlled by Fremont). McEwen announced that changes in their implementation and treatment strategies have increased the after-tax IRR to 32%, at a $1350 gold price, with a total capex of $81M, and pay-back in 2.5 years. WOW. Their reserves are 397,700 oz Au, and with increased resources of 629,000 oz M&I and 115,000 oz Au Inferred.

Most importantly, if you click on the highlighted “click here” icon under the exploration section, the map that comes up shows that one of their two exploration targets extends right onto Fremont’s claim block. Additionally, on the Fremont side of the target area, within the NW Gold Ridge anomaly shown on the map below, previous drilling by Atlas Precious Metals Inc (the former operators) returned 18.3m @ 3.48 g/t Au.

Fremont plans to drill several of these targets within the Gold Canyon property as well as several targets defined at Fremont’s Gold Bar mine when weather permits in the spring of 2018. The Gold Bar mine hosts an historic resource of 147,000 @ 2.57g/t Au, called the Millsite deposit, discovered by Atlas Precious Metal in the mid 1990’s after the mine had closed. The strategy of the company going forward is to define a resource at Gold Canyon and increase the resource at the historic Gold Bar mine.

President & CEO,

Dennis Moore