File: '\\swfile\EmailIn\20261014 152730 Attachment FG Sept PP amends warrant terms to 5 yr.docx'

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FALCON GOLD CORP.

220 - 145 Chadwick Ct.

North Vancouver, BC, V7M 3K1

Tel: +1 604 716 0551

www.falcongold.ca

info@falcongold.ca

NEWS RELEASE FG: TSX-V

FALCON GOLD, AMENDS TERMS OF NON-BROKERED PRIVATE PLACEMENT

VANCOUVER, British Columbia -October 14, 2026, - Falcon Gold Corp. (TSX-V: FG) (FSE: 3FA) (OTC-Pink: FGLDF) ("Falcon" or the "Company") announces that, further to its news releases dated July 30, 2026, and August 10, 2026, it 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.

ON BEHALF OF THE BOARD OF DIRECTORS

FALCON GOLD CORP.

"Karim Rayani"

Karim Rayani

Chief Executive Officer and Director

For further information, please contact:

Falcon Gold Corp.

Telephone: (604) 716-0551

info@falcongold.ca

www.falcongold.ca

About Falcon Gold Corp.

Falcon Gold Corp. 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% interest in the Burton Gold Property in partnership with IAMGOLD near Sudbury, Ontario, exploration-stage gold targets in British Columbia through the Spitfire and Sunny Boy claims, and the Great Burnt Copper-Gold Project in central Newfoundland.

Cautionary Language and Forward-Looking Statements

This news release may contain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws, including but not limited to statements relating to the timing and content of future work programs, including planned drilling programs, geological interpretations, receipt of property titles, and other corporate and technical matters. Forward-looking statements are based on assumptions, expectations, estimates, and projections as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied herein. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "intend," "expect," "plan," "anticipate," "believe," "estimate," "project," "potential," or "continue," or the negative of these terms, or other comparable terminology. Forward-looking statements in this news release may include, but are not limited to, statements regarding planned drilling activities on the Central Canada Gold Project, which is currently permitted for up to 20 drill holes, and the interpretation and potential extension of mineralization along structural trends within the project area. There can be no assurance that the Company's exploration programs will proceed as currently contemplated or that they will achieve their intended objectives. Forward-looking statements are inherently subject to significant business, economic, competitive, and geological uncertainties and contingencies. Actual results may differ materially from those currently anticipated. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that plans, assumptions, or expectations will prove to be accurate.

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.