NFR Northern Freegold Resources Ltd

Northern Freegold Resources Ltd. (TSX VENTURE:NFR)(OTCQX:NFRGF)(FRANKFURT:8N6).
The Board of Directors of Northern Freegold Resources Ltd. ("Northern Freegold"
or the "Company") has adopted a new shareholder rights plan, effective March 23,
2012. The shareholder rights plan has been adopted following the expiry of the
Company's previous shareholder rights plan. The Shareholder Rights Plan is
subject to regulatory acceptance and the Company intends to present the plan for
ratification by the shareholders at a general meeting of the Company to be held
no later than September 23, 2012.


The Shareholder Rights Plan has been adopted to ensure the fair treatment of all
shareholders with respect to any takeover bid for the common shares of Northern
Freegold. It is designed to provide shareholders with sufficient time to
properly consider a takeover bid without undue time constraints. It will also
provide the board with additional time for review and consideration of an
unsolicited takeover bid and, if necessary, for the consideration of
alternatives. 


The Shareholder Rights Plan is not being adopted in response to any proposal to
acquire control of the Company.


About Northern Freegold

Northern Freegold Resources Ltd. (TSX VENTURE:NFR)(OTCQX:NFRGF) trades in the
United States on OTCQX under the symbol "NFRGF", and in Canada on the TSX
Venture Exchange under the symbol "NFR". Northern Freegold is a rapidly
advancing Canadian-based precious metals exploration and development company.
Northern Freegold brings wide-ranging expertise and strong management to focus
on the development of its district-scale Freegold Mountain gold and copper
project in the Yukon and the Burro Creek gold and silver property in Arizona. 


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 terms and expected closing date of the proposed private
placement and the company's use of the proceeds of the proposed private
placement, 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, changes in market conditions or regulatory requirements
applicable to the private placement, inability of the Company to complete the
proposed private placement due to inability to obtain regulatory approvals
required to complete the proposed private placement or otherwise, 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 obtain all approvals required
for the completion, and to complete, the proposed private placement and that the
Company's planned exploration of its Freegold Mountain property will proceed as
anticipated. The Company does not assume any responsibility for updating
forward-looking information, except as required by law.

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