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)
has closed the first tranche of the private placement announced on April 3,
2013. A total of 13,768,333 units (the "Units") have been completed for gross
proceeds of CDN $826,100.


Each Unit consists of one common share and one-half of one non-transferable
common share purchase warrant (the "Warrants"). Each whole 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 20-day volume-weighted average
trading price (VWAP) of $0.15 cents 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 Company.


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


Eagle Plains Resources Ltd. ("Eagle Plains") through its wholly owned subsidiary
TerraLogic Exploration Inc. ("TerraLogic") has subscribed for CDN $500,000 or
8,333,333 Units. Northern Freegold and Eagle Plains have certain directors
and/or executive officers in common. These individuals abstained from voting on
the transaction.


A total of CDN $5,964 was paid in finders' fees in connection with the first
tranche of the financing. Finders' fees were not paid for the TerraLogic portion
of the private placement.


All of the securities issued in connection with the private placement are
subject to a hold period expiring August 6, 2013. The private placement is
subject to the approval of the TSX Venture Exchange.


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
604.893.8757 or 1.877.893.8757
604.893.8758 (FAX)
andy@northernfreegold.com
www.northernfreegold.com
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