Northern Freegold Announces Increase in Private Placement

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)
(the "Company") has increased its previously announced non-brokered private
placement (see news releases dated April 3, 2013 and April 5, 2013) due to
investor demand. The Company will now offer up to 25,000,000 units (the "Units")
at $0.06 for total gross proceeds of up to $1,500,000.


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.


The Company has received a subscription agreement from Sino-Canada Natural
Resources Fund I to make an equity investment of $500,000. Under the terms of
the agreement Sino-Canada has subscribed for 8,333,333 Units of the Company at a
price of $0.06. Mr. Thomas Lau, Managing Partner of Sino-Canada Natural Fund
said, "We believe Northern Freegold's projects and management team are world
class and this investment fits within our long term investment strategy in the
Canadian Natural Resources sector to support companies with high potential
resource assets to reach milestones. We look forward to working with the
executive team led by Mr. John Burges on growing the value of Northern Freegold
and we are excited about future project developments."


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


The Company may pay commissions and finders fees of 7% in connection with the
financing. All securities issued in connection with the private placement will
be subject to a four-month hold period from the date of closing. The private
placement is subject to the approval of the TSX Venture Exchange.


About Northern Freegold

Northern Freegold Resources Ltd. (TSX.V: NFR; OTCQX: NFRGF) trades in Canada on
the TSX Venture Exchange under the symbol "NFR" and in the United States on the
OTCQX under the symbol "NFRGF". Northern Freegold is a growth oriented
Canadian-based precious metals exploration and development company. Northern
Freegold is focused on creating value through the advancement of the
district-scale Freegold Mountain project, which hosts one of the largest
undeveloped gold and copper resources in the Yukon. For maps and more
information, please visit our website www.northernfreegold.com.


About Sino-Canada Natural Resources Fund I

Sino-Canada Natural Resources Fund I is a Cayman Islands registered private
equity fund focused on investments in Canadian listed and private companies that
develop and operate natural resource projects (mining, oil & gas, forestry)
worldwide. Sino-Canada Fund is managed in Hong Kong on behalf of private
investors from China.


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
+1 (604) 893-8757 or Toll Free: 877.893.8757
+1 (604) 893-8758 (FAX)
andy@northernfreegold.com
www.northernfreegold.com
Northern Freegold Resour... (TSXV:NFR)
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