Technical geological report for the Vardenis property: Armenia / Технический геологический отчет по объекту недвижимости в Варденисе, Армения

This report is a Geological Report, as that term is defined in the policies of the TSX Venture Exchange and has been prepared in connection with a fundamental acquisition filing pursuant to Policy 5.3 of the Exchange. Fremont Gold Ltd. has executed an option on the Vardenis Property, a gold, silver and potential copper porphyry prospect, located in Central Armenia, about 20km south of Lake Sevan, dated May 2023. The property is held by an Armenian company, Mendia Resources, LLC, who hold the 9399 hectare geological exploration permit, number EHT-29/370 “Vardenis”, Vayots Dzor region, Armenia, issued by the Ministry of Territorial Administration and Infrastructure, (MTAI), dated April 10th, 2003, valid for three years, renewable. Fremont has an exclusive option to earn 100% of this property, which occurs in stages over 3 years. <...>