Mr. Karim Rayani reports

FALCON GOLD ACQUIRES WEST HAMMOND CONTACT PROPERTY, EXPANDING ITS STRATEGIC POSITION IN THE ATIKOKAN-HAMMOND REEF GOLD DISTRICT

Falcon Gold Corp. has entered into an option agreement to acquire a 100-per-cent interest in the West Hammond contact property, consisting of 156 mining claims (140 single-cell claims and 16 boundary claims) covering 3,067.918 hectares, located within the prospective Atikokan-Hammond Reef gold district of Northwestern Ontario.

"This acquisition represents another important milestone in Falcon's strategy of building a district-scale gold exploration portfolio in Northwestern Ontario. Through our Central Canada gold project and the newly acquired 3,067.918-hectare West Hammond contact property, Falcon now controls a significant strategic land position across multiple structural corridors associated with the broader Atikokan-Hammond Reef gold district. As major mining companies and governments continue investing in the region, we believe Falcon is well positioned to unlock value through systematic exploration, strategic land consolidation and new discoveries," stated Karim Rayani, chief executive officer and director.

Covering 3,067.918 hectares, the West Hammond contact property significantly expands Falcon's strategic land position within one of Northwestern Ontario's most prospective emerging gold districts and complements the company's flagship Central Canada gold project.

Strategically located within the Atikokan-Hammond Reef gold district, the property covers a significant portion of the prospective Finlayson greenstone belt and associated regional structural corridors. According to Agnico Eagle's public disclosure, the Hammond Reef gold deposit hosts approximately 3.3 million ounces of probable gold reserves and an additional 2.3 million ounces of measured and indicated gold resources.

Management believes the significance of the Hammond Reef gold deposit highlights the prospectivity of the broader district. The West Hammond contact property occupies a favourable geological setting within the same regional gold-bearing environment and covers interpreted extensions of key structural corridors, including portions of the Marmion shear zone. While no assurance can be given that mineralization similar to Hammond Reef exists on the property, management believes these geological characteristics support the potential for the discovery of additional gold-bearing systems within the district.

Historical exploration has identified numerous gold occurrences, geochemical anomalies and favourable lithological contacts across the property. The company has also identified several priority target areas for follow-up exploration, including geophysical targets recommended for future induced polarization surveys.

As outlined in Falcon's corporate and exploration update, the company has refined its strategic focus toward Northwestern Ontario and district-scale gold opportunities. The acquisition of the West Hammond contact property is consistent with this strategy and further strengthens Falcon's position within the district.

Recent investments by major mining companies and government stakeholders throughout Northwestern Ontario continue to highlight the region's long-term potential. Falcon believes these developments support its strategy of assembling a district-scale land position within the Atikokan-Hammond Reef gold district. By strategically consolidating highly prospective ground along key regional structural corridors, the company aims to enhance exploration opportunities while creating long-term shareholder value through disciplined exploration and new discoveries.

Planned exploration

Upon acceptance of the option agreement by the TSX Venture Exchange, Falcon intends to commence prospecting, geological mapping, rock and soil sampling, and the advancement of priority targets identified through historical exploration and recent geological interpretation.

The company believes the West Hammond contact property represents a compelling exploration opportunity within the Atikokan-Hammond Reef gold district and intends to systematically evaluate the property through an initial exploration program.

Option agreement terms

Under the terms of the option agreement, Falcon may acquire a 100-per-cent interest in the West Hammond contact property by making aggregate cash payments of $135,000, issuing an aggregate of one million common shares and incurring $600,000 in exploration expenditures on the property over the four-year option period, subject to acceptance by the TSX Venture Exchange.

In addition to the cash and share consideration, Falcon shall incur a minimum of $600,000 in exploration expenditures on the property during the four-year option period.

Upon Falcon earning a 100-per-cent interest in the property, the vendor will retain a 2.0-per-cent net smelter return royalty.

Following the exercise of the option, Falcon shall make an advance royalty payment of $5,000 to the vendor on each anniversary. Such advance royalty payments shall be credited against future royalty payments payable under the 2.0-per-cent net smelter return royalty.

Falcon shall have the right, at any time, to purchase 50 per cent of the NSR royalty (being a 1.0-per-cent NSR) for $1-million pursuant to the terms of the option agreement.

All cash payments, share issuances, exploration expenditure commitments and royalty provisions are subject to the terms of the option agreement and the acceptance of the TSX Venture Exchange, where applicable.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Mike Kilbourne, PGeo, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Kilbourne is an independent consulting geologist and is at arm's length to the company.

About Falcon Gold Corp.

Falcon Gold is a Canadian mineral exploration company focused on the acquisition, exploration and advancement of precious and battery metal opportunities across the Americas, with a portfolio spanning established mining camps and emerging exploration districts. Its flagship asset, the Central Canada gold project, is located approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef gold deposit in Northwestern Ontario. The project lies within the highly prospective Quetico fault zone, a major regional structural corridor interpreted as a key control on gold mineralization in the district. The Hammond Reef deposit is associated with a northeast-trending structural system linked to this broader regional framework, highlighting the significance of the geological setting. The Central Canada property has a documented exploration and development history spanning more than a century. Early work between 1901 and 1907 included shallow shaft development and small-scale production from high-grade material processed through stamp milling. Between 1930 and 1935, Central Canada Mines Ltd. further advanced the project with deeper underground development, crosscutting and the installation of a small-scale gold mill. Subsequent exploration programs have included diamond drilling campaigns that returned multiple high-grade gold intercepts, supporting the presence of significant mineralization within the system. Beyond its flagship project, Falcon Gold maintains a diversified portfolio of Canadian exploration assets. This includes a 49-per-cent interest in the Burton gold property in partnership with Iamgold near Sudbury, Ont., exploration-stage gold targets in British Columbia through the Spitfire and Sunny Boy claims, and the Great Burnt copper-gold project in central Newfoundland.

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