Hayasa Metals - FRERF STOCK NEWS

Fremont Gold (TSXV: FRE) (OTCQB: FRERF) announced its name change to Hayasa Metals Inc, effective November 6, 2024, with the new stock symbol 'HAY'. The TSXV-approved change reflects the company's focus on Armenian properties Vardenis and Urasar. The name change doesn't affect share structure or shareholder rights, and no share certificate exchange is required. At the October 22 AGM, shareholders re-elected five directors and approved a new omnibus equity compensation plan, allowing for stock options up to 10% of issued shares and performance-based awards up to 5,818,809 shares.

Fremont Gold (TSXV: FRE) (OTCQB: FRERF) has commenced its maiden 1,600m drill program at the Urasar Copper-Gold Project in Armenia. The program, expected to be completed within 8 weeks, targets nine priority drill sites identified at the Copper Creek, Black River, and Brick House prospects. Fremont has contracted AT Group, a Yerevan-based drilling company, using an Atlas Copco CS14 drill rig capable of reaching depths up to 1,200 meters.

CEO Joel Sutherland expressed optimism about the program's potential to demonstrate that surface mineralization continues at depth. He believes Urasar could develop into a district-scale series of mineralized systems, with the possibility of discovering one or more tier-one epithermal gold and/or copper porphyry deposits. The company expects additional priority targets to emerge as results from recently-collected geochemical surface samples are processed.

Fremont Gold (TSXV: FRE) (OTCQB: FRERF) has announced a debt settlement agreement to resolve outstanding debts totaling $499,333 owed to two current and one former management team members. The debts, accumulated since mid-2021, relate to unpaid remuneration and unreimbursed expenses. The settlement includes:

• Issuing 2,097,762 common shares at $0.10 per share, totaling $209,776
• Immediate payment of $100,000
• Deferred payment of $109,777 following the next equity financing

Additionally, two current management members agreed to forgive $79,780 in debt. The transaction is subject to TSX Venture Exchange approval and shares will have a four-month hold period.

Fremont Gold (TSXV: FRE) (OTCQB: FRERF) has announced the results of detailed geological and structural mapping, along with an expanded geochemical soil survey at its Urasar Mineral District exploration permit in northern Armenia. Key findings include:

1. The Yellow River Area hosts high sulfidation alteration extending over 4 km, potentially overlying a porphyry copper system.

2. The Black River Area is identified as an epithermal precious metal system.

3. The Brick House Zone hosts gold and base metal soil anomalies, possibly an intermediate-sulfidation epithermal vein system.

4. An expanded geochemical soil survey collected 691 additional samples, bringing the total to 1,435 across the 15 km-long district.

5. Copper anomalies correlate with gold anomalies, exhibiting a coherent distribution across three distinct zones.

6. A newly identified eastern gold-base metal anomaly covers a 2.5 by 2 km area, presenting a fresh exploration target.

Fremont is preparing for a follow-up drill program to test priority targets, scheduled to commence in early October.

Fremont Gold (TSXV: FRE) (OTCQB: FRERF) has completed a ground magnetic survey over its 100% owned Urasar Mineral District exploration permit in Armenia. The survey, covering 240 line kilometers, revealed a 14 km long magnetic low associated with surface mineralized zones, suggesting a large epithermal gold-silver system with potential copper porphyry mineralization at depth.

Key highlights include:

• Eight drill-ready targets identified in the southern portion
• Golden Vein area returned up to 12.0 g/t Au from a 5m channel sample
• Structural setting similar to the world-class Sotk gold deposit
• Additional IP survey conducted at Oxide Basin-Copper Creek and Black River areas

The survey results have exceeded expectations, delineating underlying geological domains and structural framework. This data will assist Fremont in establishing drill targets through the end of 2025.

Fremont Gold (TSXV: FRE) (FSE: FR20) (OTCQB: FRERF) has appointed Joel Sutherland as its new Chief Executive Officer and director. Sutherland brings over 20 years of capital markets experience, including roles at Merrill Lynch, BMO Capital Markets, and CIBC World Markets. He succeeds Dennis Moore, who will continue as President and director, focusing on advancing Fremont's Armenian copper and gold projects.

Sutherland's compensation package includes annual cash compensation of US$125,000, 600,000 stock options at C$0.095 per share, and 580,000 common shares to be issued over two years, subject to TSXV approval. This leadership change aims to leverage Sutherland's expertise in building Fremont's brand, securing financing, and managing operations, while allowing Moore to concentrate on resource discovery and project development.

Fremont Gold has announced updates on its 2024 exploration program at the Urasar Project in northern Armenia. The company has identified seven key target areas for drill testing within a large epithermal gold-silver district. Initial geological mapping and rock chip sampling have been completed, highlighting gold and copper anomalies over a 15 km strike extent. Key targets include Golden Vein, with gold samples up to 12.0 g/t Au, and Oxide Basin, featuring a 100m+ wide mineralized zone. Ongoing activities include a ground magnetometer survey (35% complete) and grid-based soil sampling (50% complete).

Fremont Gold has started its 2024 exploration program at the Vardenis Project in Armenia. The project is a large mineralized system with copper-molybdenum-gold deposits. The company plans to conduct mapping, sampling, trenching, geophysical surveys, and drilling to delineate drill targets for testing later in the year. Additionally, Fremont has signed an MOU with Yerevan State University to collaborate on field exploration training for geology students.