Freegold Commences Vinasale Exploration Programs

    TSX: ITF, OTC BB: FGOVF, Frankfurt: FR4

    VANCOUVER, Sept. 6 /CNW/ - Freegold Ventures Limited (the "Company"), is
pleased to announce the commencement of field activities on the Vinasale gold
project, located 16 miles south of McGrath in central Alaska. As was reported
on March 2, 2007, Freegold has entered into a Mining Exploration Agreement
with Option to Lease with Doyon Limited, an Alaskan Native Regional
Corporation, on Doyon's 100% interest in the Vinasale Gold Property. This
agreement covered 128,000 acres, and includes the Vinasale gold deposit, which
occurs in the same northeast trending belt of igneous intrusion-related
deposits that include the 33 million ounce Donlin Creek gold deposit and the
operating Nixon Fork gold mine.
    Freegold's first activity on the project was to stake an additional
12,000 acres of ground this spring, enlarging the property position under the
agreement to 140,000 acres. This staking was conducted to the northeast of the
deposit, as results from previous wide spaced drilling in the early 1990's
indicate that the gold mineralization may trend in that direction.
    Freegold's exploration program for the current year is aimed at
evaluating the large land package surrounding the deposit, where limited
systematic work has been conducted in the past. Freegold's reconnaissance
efforts on the property include a recently completed stream, soil and rock
sampling program. This program will be followed with an airborne geophysical
exploration program. Freegold has contracted Fugro Airborne Surveys Corp.,
which will be flying a 1,788 line kilometer high resolution EM and Magnetic
survey over the project area in late September. Results from both of these
programs will be released later in the year.
    In addition to following up on any targets that may be identified in the
current programs, Freegold's programs for next year will include new drilling
aimed at confirming and expanding the gold mineralization currently defined by
36 historic holes drilled on 200 foot spacing within the Central Zone of the

    Freegold to Attend Denver Gold Forum

    Freegold is also pleased to announce that it has been selected to attend
the Denver Gold Group's Gold Forum as an "Up & Coming" company at its Forum on
September 23 to 26th. This invitation-only conference is internationally
regarded as one of the world's most prestigious precious metals investment
forums, attended by major global fund and portfolio managers, institutional
investors and analysts. Apart from its attendance at the conference, Freegold
will also be co-sponsoring the Up & Coming Reception held on Tuesday,
September 25th from 6 to 9 p.m. at the Denver Art Museum.
    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 and development
company with a new management team experienced in mine development and
production that is actively exploring advanced-stage gold projects in Idaho
and Alaska. 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 41,000-foot drilling
program aimed at further expanding the size of the resource prior to
undertaking new economic evaluations in 2007. Drilling at depth and to the
north and south of the known mineralization is continuing to identify new
extensions to the deposit. Freegold is continuing to discover new high-grade
veins and bulk tonnage shear zones in its 25,000-foot drill program at its
Golden Summit project outside Fairbanks, Alaska. Gold production from the
processing of an initial 10,000-ton bulk sample collected in the fall of 2006,
along with additional bulk sampling/processing of additional areas containing
surface high grade gold mineralization will commence shortly. Drilling to
outline larger, lower grade bulk tonnage targets on the property will continue
throughout the year. In addition to its Vinasale project, Freegold has also
commenced exploration on its Rob property in east-central Alaska, and has just
completed drilling on the first two high-grade gold targets.

    On behalf of the Board of Directors

    "Steve Manz"

    Steve Manz
    President and C.E.O.

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


    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,

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