Mr. Nikolas Perrault reports

FAIRCHILD GOLD IDENTIFIES TWO ADDITIONAL LARGE GOLD-SILVER TARGET AREAS AT GOLDEN ARROW AS HYPERSPECTRAL SURVEY HIGHLIGHTS DISTRICT-SCALE AU-AG-RELATED ALTERATION SYSTEM

Fairchild Gold Corp. has released the results of the recently completed hyperspectral satellite survey conducted by TerraEye, which covered the company's Golden Arrow gold-silver project area, 65 kilometres east of Tonopah, Nev. The survey led to the identification of 31 spectral alteration occurrences and delineated several gold-silver exploration areas. Five Au-Ag target areas are rated as high priority by Fairchild.

Of particular significance, Fairchild's interpretation of the survey and new mapping, together with historical geological data and remote-sensing studies, has led to the hypothesis that several of the individual targets could be part of one larger, structurally controlled Au-Ag hydrothermal system. The company will conduct field mapping, sampling and ground-based spectral work in these new Au-Ag target areas in the coming weeks to investigate alteration continuity and mineralized structures to potentially expand the Au-Ag ore systems documented at Gold Coin and Hidden Hill, and to delineate new Au-Ag target areas to test by drilling.

Survey highlights:

• 31 spectral alteration occurrences: 25 muscovite-illite (phyllic/sericitic), four kaolinite (argillic) and two chlorite-epidote-calcite (propylitic);
• 18 occurrences classified as high priority, seven medium and six low; 30 of 31 carry high confidence for spectral mineral identification;
• Nine integrated spectral Au-Ag exploration targets;
• Priority Au-Ag targets reflect convergence among alteration zones, spectral similarity, and documented historical mine and prospect workings.

A much larger system? The exploration thesis

The alteration patterns at Golden Arrow are noteworthy because the alterations are present over a much larger area than previously explored. Much of the previous modern evaluation work was conducted only on the Gold Coin and Hidden Hill targets, and much of the historic drilling was only to very shallow depths. Its new work expands the area of targeting interest to more than 20 square kilometres, which is interpreted to potentially host a new multimillion-ounce Au-Ag target system at Golden Arrow.

The Terra Eye data are indicative of quartz-adularia veining, clay-pyrite alteration, kaolinite indicative of shallower argillic or steam-heated conditions, and propylitic minerals such as chlorite may delineate more peripheral alteration. These associations provide geological vectors to Au-Ag mineralization that will aid Fairchild Gold in its exploration at Golden Arrow.

How interpretation of TerraEye data led to the new targets

TerraEye-processed multispectral data from Sentinel-2 and Aster together with hyperspectral data from EMIT and EnMAP, supplemented by digital elevation/structural interpretation. Interpretation of TerraEye data applied spectral classification, feature fitting and similarity techniques, and then considered the spatial coincidence of surface mineral signatures, training area spectral responses and documented historical mines to select the new Au-Ag targets.

Existing resource provides a parallel development pathway

Golden Arrow already hosts open-pit-constrained National Instrument 43-101 (Standards of Disclosure for Mineral Projects) mineral resources at Gold Coin and Hidden Hill. Respec's 2026 technical report, using a $3,000 (U.S.)-per-ounce gold base case, reports measured and indicated resources of 296,000 ounces of gold and 4,362,000 ounces of silver, plus inferred resources of 60,000 ounces of gold and 2,322,000 ounces of silver.

Fairchild intends to advance the established Au-Ag resource and Au-Ag mineralization in peripheral target areas toward a preliminary economic assessment while also evaluating resource expansions including possible underground mining, satellite near-surface prospects and deeper structural targets.

Planned verification and follow-up:

• Conduct targeted field visits over the high-priority spectral targets, followed by selected medium-priority areas, with geological mapping, outcrop sampling, and portable XRF and SWIR spectrometer checks;
• Overlay the nine targets against historical mine workings, fault interpretations, assay/geochemical records and existing resource footprints in a single 3-D GIS model;
• Evaluate whether alteration signatures and Au-Ag mineralized structures can be followed between individual target areas, prioritize ground evidence over image-based inference;
• Assess geophysical methods, including magnetics and electrical methods such as induced polarization, where alluvial cover prevents surface spectral detection; and refine targets for follow-up drilling.

Management commentary

"Golden Arrow is particularly compelling because Fairchild Gold is pursuing two distinct opportunities in parallel: (1) advancing an established gold-silver resource toward mining; and (2) applying modern exploration tools to evaluation of a much larger historically mined gold-silver district," said Nikolas Perrault, CFA, executive chairman of Fairchild Gold. "TerraEye has now given us a ranked set of 10 exploration targets. Our working hypothesis is that several of these may be connected parts of a broader Au-Ag-bearing hydrothermal system, rather than 10 isolated occurrences. The next step is to test that idea systematically in the field. If supported by geology and assays, it could materially change the scale and focus of our Au-Ag exploration program."

Qualified person and technical disclosure

Richard R. Redfern, MS, CPG No. 10717, an independent consulting geologist for Fairchild, a qualified person as defined in NI 43-101, has reviewed and approved the scientific and technical information in this news release. TerraEye's remotely sensed occurrences and targets have not been independently validated by Fairchild through the proposed field program, and spectral confidence refers to mineral identification quality and should not be interpreted as confirmation of gold-silver mineralization. Technical interpretations of the proposed connected-systems model are preliminary.

The mineral resource figures are taken from Respec's "2026 Updated Technical Report on the Golden Arrow Project, Nye County, Nevada, USA" (effective March 24, 2026; report date April 23, 2026). The TerraEye results are summarized from its Golden Arrow executive report and technical report (AOI 3108). The 2006 comparison is based on an internal analysis of historical Perry remote sensing work and is subject to further technical verification.

About Fairchild Gold Corp.

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

Nevada Titan is Fairchild's flagship high-impact porphyry 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 adjacent to the Hollister Au-Ag mine of Helcal Mining Company.

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.