Mr. Karim Rayani reports

FALCON GOLD, AMENDS TERMS OF NON-BROKERED PRIVATE PLACEMENT

Falcon Gold Corp., further to its news releases dated July 30, 2026, and Aug. 10, 2026, intends to amend the terms of its previously announced non-brokered private placement by extending the term of the common share purchase warrants from three years to five years from the date of issuance.

The company intends to issue up to 11,666,667 units at a price of three cents per unit for gross proceeds of up to $350,000.

Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of five cents per share for a period of five years from the date of issuance.

Insiders of the company may participate in the private placement. Any such participation will constitute a related-party transaction under Multilateral Instrument 61-101 and will be subject to applicable regulatory requirements.

All other terms of the private placement remain unchanged. The amendment is subject to acceptance by the TSX Venture Exchange.

About Falcon Gold Corp.

Falcon Gold is a Canadian mineral exploration company focused on the acquisition, exploration and advancement of precious and battery metals 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.

We seek Safe Harbor.