Mr. Karim Rayani reports

FALCON GOLD CORP, ENGAGES WARRIOR DRILLING AT ITS GREAT BURNT COPPER - GOLD PROJECT

Falcon Gold Corp. has engaged Warrior Drilling to take over exploration operations at its Great Burnt project in Newfoundland. This decision aligns with Falcon Gold's strategy to accelerate exploration in a district that continues to demonstrate strong potential for high-grade copper and gold mineralization.

The Great Burnt project is located in Newfoundland's Central belt, an area that has been the focus of significant exploration success. Recent discoveries by Benton Resources and other regional explorers have highlighted the potential for high-grade copper and gold mineralization. Based on structural analysis and historical data, Falcon Gold believes that the mineralized structure extends northward through its project area, presenting a compelling exploration opportunity. Benton Resources recently announced 7.47 per cent copper over 22 metres, including 8.0 metres of 11.93 per cent copper at its Great Burnt Main zone (see press release dated Jan. 20, 2025).

The company is currently preparing its exploration camp and mobilizing equipment to begin an initial 10-hole drill program. The program will focus on priority targets identified through geophysics and historical drilling, with the goal of expanding known mineralization and testing new high-potential zones along the interpreted structure.

Chief executive officer Karim Rayani commented: "With the success seen at Benton Resources and others in the area, we are highly encouraged by the potential at Great Burnt. Our geological team believes the mineralized structure extends north into our project, and this drill program will test that theory. We are excited to get drills turning and look forward to sharing results with our shareholders."

Once drilling commences, Falcon Gold expects to release assay results in the coming weeks, providing updates as exploration advances.

Service agreement

The company also notes it has signed a service agreement with Empire Market Ventures LLC, a U.S.-based public relations firm with a focus on digital media to enhance the company's on-line presence and investor outreach. Empire will provide targeted digital marketing services and content creation through social media campaigns, podcasts and e-mail outreach, all with a focus on increasing the company's visibility and engagement. Empire will be engaged for a period of four months and paid a fee of $30,000 (U.S.). The agreement is subject to TSX Venture Exchange approval.

Qualified person

The technical content of this news release has been reviewed and approved by Mike Kilbourne, PGeo, who is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada gold mine, is approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef gold deposit which currently has an estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 gram per tonne gold) mineral reserves and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 gram per tonne gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico fault zone (QFZ) and may be the control for the gold deposit. The Central gold property lies on a similar major northeast-trending splay of the QFZ.

The company holds multiple additional projects: the Viernes gold/silver/copper project in the world-class copper cluster, located in Antofagasta, Chile; the Springpole West property in the world-renowned Red Lake mining camp; a 49-per-cent interest in the Burton gold property with Iamgold near Sudbury, Ont.; the Spitfire-Sunny Boy claims in British Columbia; the Great Burnt copper project in central Newfoundland; and most recently battery metal projects -- the Timmins West nickel-copper-cobalt property in Ontario, the Outarde nickel-copper-cobalt property and the HSP nickel-copper property in Northern Quebec, and the Havre St. Pierre anorthosite complex.

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