Mr. Karim Rayani reports

FALCON GOLD CORP. ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

Falcon Gold Corp. anticipates a brief delay in the filing of its 2025 annual filings (as defined below), beyond the prescribed filing deadline of Oct. 28, 2025.

The company is required to file, on or before the filing deadline, the following: (a) the audited financial statements of the company for the fiscal year ended June 30, 2025; (b) the related management's discussion and analysis for the fiscal year ended June 30, 2025; and (c) the chief executive officer and chief financial officer certification of filings required under Section 4.1 of National Instrument 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings.

Although the audit process has commenced, the company experienced a short delay in engaging its auditor, Davidson & Company LLP, as a result of timing and administrative factors. The company has since engaged Davidson and has been advised by the auditor that additional audit procedures remain to be conducted, which will not allow the company to file the 2025 annual filings by the prescribed filing deadline. Following discussion with its auditor, the company anticipates being able to file the 2025 annual filings as soon as they are available, but in any event no later than Dec. 28, 2025. The company will issue a news release once the 2025 annual filings have been filed. Management notes that there are no disagreements or major unresolved issues with the auditor on any matter of the audit scope or procedures, accounting principles or policies, or financial statement disclosure.

In connection with the filing default, the company applied to the British Columbia Securities Commission (BCSC) for a management cease trade order (MCTO) that will prohibit the chief executive officer and the chief financial officer of the company from trading in the securities of the company until such time as the 2025 annual filings have been filed. The BCSC granted the MCTO effective Oct. 29, 2025, which will result in the general public being able to continue to trade in the company's listed securities.

During the period of default and until the filing of the 2025 annual filings, the company intends to satisfy the provisions of the alternative information guidelines as required by National Policy 12-203, Management Cease Trade Orders. The company's management and other insiders are subject to a trading blackout reflecting the principles contained in Section 9 of National Policy 11-207, Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, until the 2025 annual filings have been filed.

The company is not subject to any insolvency roceedings, and, other than as disclosed in the company's news releases, there has been no material information that has not been disclosed.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring and exploring opportunities in the Americas.

We seek Safe Harbor.