Mr. Nikolas Perrault reports

FAIRCHILD GOLD ADVANCES TOWARD DRILLING AT NEVADA TITAN AS GEOPHYSICS SHARPENS PORPHYRY TARGETING

Fairchild Gold Corp. has provided an exploration update on its Nevada Titan project in the historic Goodsprings mining district of southern Nevada, where independent geophysical interpretation has materially advanced the company's drill-targeting strategy and identified five priority exploration targets for further refinement prior to drill testing.

The recently completed integrated interpretation, prepared for Fairchild by independent geophysical consultant Wave Geophysics LLC, combined multiple geological, geochemical and geophysical data sets, including regional geology, soil and rock geochemistry, high-resolution UAV (unmanned aerial vehicle) magnetics, CSAMT (controlled-source audio-frequency magnetotelluric) resistivity, legacy Titan-24 induced polarization/resistivity data, and regional gravity and magnetic information.

The work represents an important step in Fairchild's continuing effort to answer what management believes is the central geological question at Nevada Titan: What was the source of the extensive high-grade copper and polymetallic mineralization historically mined across the Goodsprings district?

Fairchild's exploration model is that the numerous historical mines, workings and mineralized occurrences observed across the district may represent near-surface expressions of a much larger concealed mineralizing system.

The latest independent geophysical work provides additional technical support for that hypothesis.

Three-dimensional magnetic susceptibility modelling has identified a large, deep, low-susceptibility body interpreted as a possible porphyritic intrusion, while integrated resistivity, chargeability and geochemical data sets have defined several areas where multiple independent exploration indicators overlap.

Five priority targets have now been identified, with targets 1 and 2 emerging as the highest-priority areas for continued refinement and potential phase 1 drilling.

Data integration and geophysical results

The interpretation incorporated multiple complementary data sets:

• Regional geological compilations;
• Soil and rock geochemistry;
• Mineral occurrence databases;
• UAV magnetic survey;
• CSAMT survey;
• Legacy Titan-24 induced polarization/resistivity survey;
• Regional gravity and magnetic data sets.

The UAV magnetic survey provided significantly higher-resolution information than available regional data sets. Three-dimensional magnetic susceptibility modelling identified a large, deep, low-susceptibility body interpreted as a possible porphyritic intrusion. This feature represents one of the most significant exploration indicators identified during the study.

Two-dimensional CSAMT section models and 2-D induced polarization/resistivity plan horizontal depth slices were gridded into 3-D volumes that characterize resistivity and chargeability patterns within the survey areas. These physical-property volumes reveal several zones where elevated resistivity and chargeability coincide spatially with anomalous geochemistry and favourable geological settings. Such relationships are commonly associated with mineralized hydrothermal systems and provide an effective framework for exploration targeting.

Priority exploration targets

Target 1:

• Elevated copper values in both soil and rock samples;
• Strong and coincident chargeability and resistivity anomalies;
• A position directly above the large low-susceptibility body interpreted as a possible intrusive centre.

Target 2:

• Elevated copper values in rock samples, including exoskarn;
• Coincident chargeability and resistivity anomalies;
• A position above what has been interpreted as a possible intrusive apophysis extending from the larger concealed intrusive body.

Three additional priority targets have also been identified.

Targets 3 and 4 are principally defined by strong chargeability and resistivity responses and will require additional geological refinement, while Target 5 is supported by anomalous copper geochemistry in both soils and rocks.

Careful target selection before drilling

Fairchild believes that the importance of disciplined drill-target selection cannot be overstated at Nevada Titan.

The exploration objective is not to test a single isolated anomaly or historical mine. The company is attempting to understand a large and geologically complex mineralized district and to determine whether the widespread historical copper mineralization may ultimately be related to a much larger concealed intrusive or porphyry-related system.

As a result, management intends to continue refining the highest-priority targets before committing the company to its first drill campaign.

Current recommendations include additional geological mapping within the identified target areas, acquisition and integration of historical Fugro airborne magnetic, radiometric and electromagnetic data where available, retrieval of the original Titan-24 data sets from Quantec Geoscience, and further integration of these data sets into a comprehensive three-dimensional exploration model.

The objective is to rank and position the initial drill holes so that they test the most compelling combinations of geology, copper geochemistry and geophysical response.

The Nevada Titan exploration thesis

Nevada Titan is located approximately 35 kilometres southwest of Las Vegas in Nevada's historic Goodsprings mining district, an area with a long history of copper and polymetallic mining and excellent infrastructure, including road access, nearby power and available water sources.

The district is characterized by extensive carbonate host rocks cut by intrusive granitic plutons, dikes and sills, with widespread dolomitization, marble and skarn development.

Historical mineralization across the district includes copper, gold, silver, zinc and lead.

While no major porphyry system has yet been formally identified at Nevada Titan, the spatial relationship between intrusive rocks, alteration and historically skarnified, mineralized areas has long suggested the possibility of a genetic relationship between the known mineral occurrences and a concealed intrusive centre.

The new integrated interpretation materially strengthens this exploration model by identifying a large deep intrusive feature and multiple overlapping geochemical and geophysical anomalies above and around it.

Wave Geophysics concluded that the integrated data sets provide compelling evidence for a large concealed intrusive system capable of generating multiple styles of mineralization and that the project now contains multiple drill-worthy targets.

Management commentary

"At Nevada Titan, we are not simply looking for another small occurrence of the mineralization that was mined historically across the district. We are trying to understand what created it," said Nikolas Perrault, CFA, executive chairman of Fairchild Gold.

"For more than a century, miners exploited numerous high-grade copper and polymetallic occurrences at or near surface throughout the Goodsprings district. Our exploration thesis is that these occurrences may represent the peripheral or upper-level expression of a much larger mineralizing system at depth."

"The identification through independent geophysical modelling of a large concealed body interpreted as a possible porphyritic intrusion, together with coincident copper geochemistry, chargeability and resistivity anomalies, is exactly the type of convergence we have been working toward," said Luis Martins, president and chief executive officer of Fairchild Gold. "This is also why we believe careful drill targeting is so important. A project with this type of potential deserves a disciplined approach. Our objective is to integrate every available piece of geological and geophysical information before positioning the initial drill holes. If the geological model proves correct, the prize we are pursuing is not simply another historical style mine, but the potentially much larger mineralizing system that may have generated the district's widespread high-grade copper mineralization."

Advancing toward phase 1 drilling

Fairchild will now continue working with its geological and geophysical advisers to further refine the five identified targets and establish a final priority ranking.

Fairchild will focus particular attention on targets 1 and 2, where the convergence of copper geochemistry, chargeability, resistivity and interpreted intrusive features currently provides the strongest technical basis for initial drill testing.

The company expects this work will lead to the final design of a phase 1 drill program at Nevada Titan.

Additional information regarding the target-selection process, final drill priorities and proposed drilling program will be communicated as the work progresses.

Qualified person statement

Richard R. Redfern, MS, CPG (No. 10717), an independent consulting geologist for Fairchild and a qualified person as defined in National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

About Fairchild Gold Corp.

Fairchild Gold is a Nevada-focused mineral exploration and development company with a portfolio of three complementary assets: Nevada Titan, Golden Arrow and Carlin Queen.

Nevada Titan is Fairchild's flagship high-impact copper-gold exploration project in the historic Goodsprings mining district of southern Nevada.

Golden Arrow provides Fairchild with an established open-pit gold-silver resource within the prolific Walker Lane mineral belt, while Carlin Queen provides additional gold-silver exploration exposure near the intersection of the Carlin and Midas-Hollister mineral trends.

Fairchild's strategy is to build a significant Nevada-focused exploration and development platform combining established resources with opportunities for major new discoveries.

We seek Safe Harbor.