Freegold Drilling Continues to Expand Almaden Deposit Boundaries



    
    -------------------------------------------------------------------------
    -   New holes continue to delineate depth extensions in the central part
        of the Main Zone. Hole C-66 intercepts 440 feet grading 0.02 oz/ton
        gold (including 55 feet grading 0.051 oz/ton) in the open southern
        portion of the deposit.

    -   Drilling to further define the eastern and western limits of the
        deposit successfully extends mineralization assaying above resource
        cut-off grade.

    -   Current drilling is focused on the area around hole C-63, which
        recently discovered a new feeder structure and which intercepted the
        thickest and deepest mineralization to date on the property. Tests of
        this hydrothermal breccia zone to depths of up to 800 feet to
        commence shortly.
    -------------------------------------------------------------------------
    

    TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4
    www.freegoldventures.com

    VANCOUVER, April 20 /CNW/ - Freegold Ventures Limited (the "Company") is
pleased to provide assay results from an additional 20 holes drilled as part
of its 34,000-foot resource expansion drill program currently in-progress at
the Company's 100% controlled Almaden gold project in southwestern Idaho. The
majority of these holes were drilled to further delineate the eastern and
western boundaries of the deposit as well as to provide in-fill between wider
spaced holes in lower grade areas. In general these holes extended the limits
of the gold mineralization grading above the 0.01 oz/ton level previously used
as the external resource cut-off grade. Two holes within the central part of
the deposit continue to confirm depth extensions of resource-grade
mineralization and indicate potential for additional deeper mineralization to
the south where the deposit remains open.
    Core hole C-66 (azimuth 90(degrees), dip -75(degrees)), collared in the
southern portion of the deposit, continued to identify deeper mineralization
within the hanging wall of the main north-south fault in the Main Zone.
Significant intercepts from this hole include:

    
    ------------------------------------------------
                                             Gold
     Hole       From       To   Thickness    Grade
    Number     (foot)    (foot)  (feet)    (oz/ton)
    ------------------------------------------------
    C-66          75       515       440     0.020
    ------------------------------------------------
    including    125       285       160     0.033
    ------------------------------------------------
    Including    150       205        55     0.051
    ------------------------------------------------
    Including    360       395        35     0.023
    ------------------------------------------------
    

    Hole 673, a vertical RC hole drilled 400 feet north and 150 feet east of
hole C-66 intersected mineralization in the footwall of one of the main fault
splays off the N-S fault. This hole extended mineralization 50 feet deeper
than the shallower surrounding holes. Significant intercepts from this hole
include:

    
    ------------------------------------------------
                                             Gold
    Hole        From       To   Thickness    Grade
    Number     (foot)    (foot)  (feet)    (oz/ton)
    ------------------------------------------------
    673            5       235       230     0.020
    ------------------------------------------------
    including      5       155       150     0.026
    ------------------------------------------------
    including     55       120        65     0.041
    ------------------------------------------------
    

    A further 18 holes were drilled to better define and/or extend the known
eastern and western boundaries of the deposit and to in-fill wider spaced
drilling in areas of lower-grade mineralization within the deposit. These
holes have successfully extended the boundaries of the deposit and identified
areas containing above cut-off grade mineralization in areas that were
previously modeled as waste. In the event that the depth of the originally
designed pit bottom is lowered as a result of the new deeper mineralization
being identified in the central portion of the Main Zone, this additional
resource material at the edges of the deposit will aid in reducing the waste
to ore stripping ratio (calculated as 0.6 to 1 in the 1997 feasibility study).
Additional drilling is still warranted on both the eastern and western edges
of the deposit where mineralization above the 0.01 oz/ton external cut-off
grade continues to be identified.
    The following table provides significant intercepts from these holes.
Except for hole 669 (azimuth 90(degrees), dip -70(degrees)) all other holes in
the following table are vertical.

    
    -------------------------------------------------------------------------
                                             Gold
     Hole       From       To   Thickness    Grade
    Number     (foot)    (foot)  (feet)    (oz/ton)          Comments
    -------------------------------------------------------------------------
    C-56           0        15        10     0.011   In-fill test of low-
                                                     grade waste area
    -------------------------------------------------------------------------
    C-58           5       145       140     0.017   In-fill comparable to
                                                     previous drilling in NE
                                                     Zone
    -------------------------------------------------------------------------
    including      5        65        60     0.028
    -------------------------------------------------------------------------
    C-59          45       265       220     0.013   Twin of hole 711-
                                                     identified an additional
                                                     40 feet of resource
                                                     grade material below
                                                     depth of hole 711
    -------------------------------------------------------------------------
    including    135       180        45     0.021
    -------------------------------------------------------------------------
    C-60           5       100        95     0.010   Extends the eastern
                                                     limit of the deposit,
                                                     and reduces material
                                                     identified as waste in
                                                     previous pit designs
    -------------------------------------------------------------------------
    C-61          10       160       150     0.011   In-fill of lower grade
                                                     area between two main
                                                     fault zones
    -------------------------------------------------------------------------
    including     10        50        40     0.022
    -------------------------------------------------------------------------
    C-62         175       300       125     0.016   In-fill comparable to
                                                     previous drilling in the
                                                     area
    -------------------------------------------------------------------------
    Including    175       215        40     0.028
    -------------------------------------------------------------------------
    C-64           0        30        30     0.014   Testing the western
                                                     boundary of the deposit
    -------------------------------------------------------------------------
    669            5        25        20     0.043   Testing the western
                                                     boundary of the deposit
    -------------------------------------------------------------------------
                 225       260        35     0.015
    -------------------------------------------------------------------------
    671           15        60        45     0.011   Testing the eastern
                                                     boundary of the deposit
    -------------------------------------------------------------------------
    675           40       180       140     0.008   Testing the western
                                                     boundary of the deposit
    -------------------------------------------------------------------------
    677           25       145       120     0.016   In-fill of lower grade
                                                     area - hole exhibits
                                                     comparable thickness but
                                                     higher grades than
                                                     surrounding holes
    -------------------------------------------------------------------------
                 200       240        40     0.010
    -------------------------------------------------------------------------
    680           25       180       155     0.011   Testing the eastern
                                                     boundary of the deposit
                                                     - mineralization above
                                                     cut-off should help pull
                                                     pit floor down on
                                                     eastern side
    -------------------------------------------------------------------------
    683          145       215        70     0.010   Testing the western
                                                     boundary of the deposit
    -------------------------------------------------------------------------
    684           35       260       225     0.012   In-fill in west central
                                                     part of Main Zone -
                                                     grade consistent with
                                                     surround holes - extends
                                                     depth of mineralization
                                                     25 feet
    -------------------------------------------------------------------------
    Including    110       145        35     0.018
    -------------------------------------------------------------------------
    686            5       160       155     0.012   Testing the eastern
                                                     boundary of the deposit
                                                     - grades above cut-off
                                                     will help lower pit
                                                     floor
    -------------------------------------------------------------------------
    including     25        70        45     0.026
    -------------------------------------------------------------------------
    687           65       255       190     0.009   In-fill in lower grade
                                                     NE zone - grade similar
                                                     to surrounding holes but
                                                     hole extends depth by 50
                                                     feet
    -------------------------------------------------------------------------
    688           65       115        45     0.011   In-fill in NE Zone -
                                                     same depth as
                                                     surrounding holes with
                                                     slightly lower grade
    -------------------------------------------------------------------------
    689           70       100        30     0.010   Testing the eastern
                                                     boundary of the deposit
    -------------------------------------------------------------------------
                 120       160        40     0.012
    -------------------------------------------------------------------------
    

    Current drilling is aimed at further extending deeper mineralization
discovered in hole C-63 (see March 14, 2007 release). This hole intersected a
new fault at a depth of 570 feet, and resource-grade mineralization extended
540 feet in the hanging wall of this fault, with an additional 10 feet grading
0.025 oz/ton located at a depth of 620 feet on the footwall side of the fault.
This is the deepest gold mineralization identified to date, and since this
area has extensive thicknesses of hydrothermal breccia and gold mineralization
on either side of the fault, current drilling is being conducted to further
define the strike and dip of this structure. Future holes are expected to test
the depth and areal extent of the hydrothermal breccia zone to a depth of
800 feet.
    Diamond drill core and RC samples are generally analysed on five-foot
intervals. All samples are shipped to ALS Chemex at its Winnemucca, NV
laboratory for preparation. Pulps are shipped to ALS Chemex Laboratories in
Vancouver, B.C. for analysis. Gold values are determined using fire assay
techniques with AA finish and multi element analysis using ICP-AES with aqua
regia digestion.
    The Qualified Person for this release is Michael P. Gross, M.S., P. Geo.,
VP Exploration, Freegold Ventures Limited.

    About Freegold Ventures Limited

    Freegold Ventures Limited is a North American exploration company with a
new management team experienced in mine development and production that is
actively exploring advanced-stage gold projects in Idaho (Almaden) and Alaska
(Golden Summit, Vinasale). Freegold holds a 100% lease interest in the Almaden
gold project in Idaho. This large tonnage epithermal gold deposit was the
subject of a feasibility study in 1997 calling for the development of a
95,000 oz/year open pit, heap leach mine. Freegold is currently finalizing a 
34,000-foot drilling program aimed at further expanding the size of the
resource prior to updating the project economics in 2007. Freegold has also
discovered new high-grade veins and bulk tonnage shears in surface trenching
at its Golden Summit project outside Fairbanks. A 10,000-ton bulk sample
collected in the fall of 2006 will be processed in the spring of 2007, and a
25,000-foot drill program to further delineate gold mineralization within the
current 1,000-foot wide by 3,500-foot long vein swarm commenced in December.
In addition Freegold has recently optioned the Vinasale Gold Deposit in
Alaska, from Doyon, Limited. Geophysical, mapping and sampling programs, along
with metallurgical test-work will be carried out on the property in 2007.

    On behalf of the Board of Directors

    "Signed"

    Steve Manz
    President and C.E.O.

    The TSX has neither approved nor disapproved the contents of this news
    release. CUSIP: 45953B107

    DISCLAIMER

    This news release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the Toronto
Stock Exchange, British Columbia Securities Commission and the United States
Securities & Exchange Commission.




For further information:

For further information: Kristina Walcott, VP Corporate Development,
(604) 685-1870, 1-800-667-1870, jkw@freegoldventures.com


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