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FREEHILL MINING LIMITED. Capital/Financing Update 2021

May 5, 2021

64918_rns_2021-05-05_6e0042cf-61f9-48f5-a5be-cddccb64a00e.pdf

Capital/Financing Update

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ASX Release

6 May 2021

Release from Escrow

Freehill Mining Limited (ASX:FHS) (‘Freehill’) advises in accordance with ASX Listing Rule 3.10A that the following securities subject to voluntary escrow will be released from escrow with effect from 14 May 2021:

Security	Number	Release Date
Fully paid ordinary shares	75,000,000	14 May 2021

This announcement has been authorised for release by Freehill’s CEO.

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About Freehill Mining Limited

Freehill Mining Limited (ASX: FHS) is a mineral exploration company focused on the development of its 100%-owned Yerbas Buenas magnetite project in Chile. Freehill has defined two inferred magnetite resources (JORC 2012) at Yerbas Buenas as well as identifying gold and copper mineralisation in the northern part of the property. The Company has also identified copper and gold mineralisation at the recently acquired El Dorado tenements immediately to the north of Yerbas Buenas where a diamond drill hole in 2020 intersected intense alteration and chalcopyrite mineralisation. An Induced Polarisation geophysical survey was completed in late 2020 at El Dorado which identified a very large potential copper structure with a high intensity footprint of 1km x 0.5km. Freehill is planning to test the IP anomaly and other targets identified by mapping and surface rock chip sampling with a drill program in 2021.