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FALCON GOLD CORP.

Suite 220, 145 Chadwick Ct.

North Vancouver, B.C, V7M 3K1

TEL: (604) 716-0551

www.falcongold.ca

info@falcongold.ca

NEWS RELEASE FG: TSXV

3FA: FRA

FALCON GOLD CORP. PROVIDES UPDATE ON PROPOSED SHARE CONSOLIDATION

Vancouver, British Columbia, Canada - April 13TH, 2026 - Falcon Gold Corp. (the "Company") (TSXV: FG), is pleased to announce that, further to its news releases dated January 23, 2026 and January 27, 2026, the TSX Venture Exchange ("TSXV") has accepted for filing the proposed consolidation of the Company's issued and outstanding common shares (the "Common Shares") on the basis of one (1) new Common Share for every three (3) outstanding Common Shares (the "Consolidation").

The Common Shares are expected to commence trading on a post-Consolidation basis on or about April 16, 2026 (the "Record Date"), subject to receipt of all required approvals, including final approval of the TSXV. The new ISIN and CUSIP numbers for the post-Consolidation Common Shares will be CA3060443064 and 306044306, respectively. The Company will retain its current name, "Falcon Gold Corp.", and trading symbol, "FG".

As of the date hereof, the Company has 177,934,130 Common Shares issued and outstanding. Following completion of the Consolidation, the Company expects to have approximately 59,311,377 Common Shares issued and outstanding, subject to adjustments for rounding. No fractional Common Shares will be issued in connection with the Consolidation. Any fractional interest arising from the Consolidation will be rounded to the nearest whole Common Share, with fractions of one-half (0.5) or greater rounded up and fractions of less than one-half (0.5) rounded down. No cash consideration will be paid in respect of fractional shares. The exercise price and number of Common Shares issuable upon the exercise or conversion of the Company's outstanding convertible securities will be proportionately adjusted in accordance with their respective terms.

Registered shareholders as of the Record Date will receive a letter of transmittal with instructions for exchanging their pre-Consolidation share certificates for post-Consolidation share certificates. Beneficial shareholders holding shares through a broker or other intermediary will not be required to take any action, as their holdings will be adjusted electronically.

Pursuant to the provisions of the Business Corporations Act (British Columbia) and the Articles of the Company, the Consolidation was approved by way of resolutions passed by the board of directors of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

Karim Rayani

Chief Executive Officer and Director

For further information please contact:

Email: k@r7.capital

Phone: (604) 716-0551

About Falcon Gold Corp.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Language and Forward-Looking Statements

This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws, including, but not limited to statements regarding the expected timing for TSXV approval and commencement of trading on a post-Consolidation basis; the total number of outstanding Common Shares following completion of the Consolidation; and the Company's future plans and expectations. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business plans and financial performance and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend,", statements that an action or event "may," "might," "could," "should," "would" or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in the completion of the audit resulting from factors that management is currently unaware of, or that management believes are not likely to occur. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.