Mr. Luis Martins reports

FAIRCHILD GOLD CORP ANNOUNCES SUCCESSFUL COMPLETION OF TRANSACTION WITH KOBA RESOURCES LTD.

Fairchild Gold Corp.'s previously announced transaction disclosed on Feb. 11, 2025, with Koba Resources Ltd. has successfully completed on March 12, 2025.

Strategic acquisition completed

Having secured all necessary approvals and with all conditions satisfied, the company's transaction with Koba has been completed. Fairchild has begun the process of integrating the extensive database received through this acquisition, which includes thousands of rock and soil samples as well as geophysical surveys.

"This is a significant acquisition for Fairchild," said Luis Martins, chief executive officer of Fairchild Gold. "The completion of this transaction represents an important milestone in our growth strategy and positions us as the dominant claim holder in the historic Goodsprings mining district. The acquired database which covers most of our enlarged and consolidated claim package will allow the company to collapse the time frame it originally anticipated would be required prior to drilling."

Expanded land position

With the completion of this transaction, Fairchild's Copper Chief project now covers a total of 300-plus claims, spanning approximately 6,150 acres in the Goodsprings mining district of Nevada. This substantial land package consolidates a significant portion of this historically productive region.

Data package

Fairchild Gold received a substantial package of historical geological, geochemical and geophysical data from Koba Resources that were summarized in an analyst's publicly disclosed report by Ian Spence of Peloton Capital Pty. Ltd. dated June 7, 2022. These data were originally acquired from work conducted by Koba's predecessor company New World Resources, starting in 2019. This work was conducted by geologists and geophysicists who were qualified persons as defined by National Instrument 43-101, and Fairchild Gold is confident that this historical work and these historical data and descriptive maps and interpretive summaries are of high quality and are an accurate representation of the work conducted by Koba and New World Resources.

Historic Goodsprings data highlights:

• 1,361 rock samples and 2,653 soil samples;
• Copper assays: up to 25 per cent copper in multiple locations. Confirming Copperside mine anomaly (sample PS0014): top 25 sample average 13.7 per cent;
• Gold assays: up to 151 grams per tonne (sample 2645): top 25 sample average 18.11 ppm (parts per million);
• Silver assays: up to 1,565 g/t (sample 212): top 25 sample average 651.2 ppm;
• Cobalt assays: up to 5.9 per cent (sample PS0004);
• Lead assays: up to 40 per cent (sample RLGS-6);
• Zinc assays: up to 30 per cent (sample 9378);
• Antimony assays: up to 9,104.4 g/t (sample GS09RW-45).

IP/mag surveys:

These data will be carefully analyzed and, in some cases, reprocessed, giving a much more robust basis for preparation of the next exploration steps. Updates will be coming soon.

Next phases of exploration

1. Comprehensive review and integration of the newly acquired database;
2. Detailed geological mapping and innovative geophysical surveys to rank numerous high-priority targets already identified;
3. Targeted drill program.

"We are extremely excited about the potential of the Copper Chief project and the broader Goodsprings district, The historical production in this area only scratched the surface. Modern exploration techniques, combined with our large, consolidated land position and comprehensive database, give us a unique opportunity to unlock substantial value for our shareholders," said Luis Martins (chief executive officer).

The company believes the Goodsprings district has the potential to host a large-scale, district-wide mineral system with multiple deposit types, including:

• High-grade copper-lead-zinc carbonate replacement deposits;
• Structurally controlled precious and PGE (platinum group elements) metal veins;
• Potential for porphyry copper-gold-related mineralization.

Fairchild's strategic position in this historically productive yet underexplored district represents a compelling opportunity to make significant discoveries using modern exploration techniques.

Annual general and special meeting results

The company is also pleased to announce the voting results of its annual general and special meeting of its shareholders held on Feb. 26, 2025. Shareholders holding 17,071,085 shares or 23.15 per cent of the outstanding shares of the company were represented in person or by proxy at the meeting. The shareholders received the financial statements for the years ended Aug. 31, 2024, Aug. 31, 2023, Aug. 31, 2022, and Aug. 31, 2021, together with the auditor's reports. As nominated by the company's management information circular dated Jan. 23, 2025, the shareholders elected Luis Martins, Robert Rosner, Geoffrey Baker and Diane Mann as directors of the company for the ensuing year.

The shareholders also voted to appoint Manning Elliott LLP as auditor of the company to hold office until the close of the next annual general meeting and approved the company's new equity incentive plan. The incentive plan is a 10-per-cent rolling plan in respect of options and a 10-per-cent fixed plan in respect of restricted share units.

Finally, the shareholders approved the resolution to amend the company's name to Fairchild Copper & Gold Corp. as authorized by the board of directors of the company, acceptable to the TSX Venture Exchange and applicable regulatory authorities.

QP statement

Richard R. Redfern, MS, CPG No. 10717, and consulting geologist for Fairchild, is the qualified person as defined by National Instrument 43-101 who has examined the Copper Chief property on the ground numerous times since 2003 and reviewed the geological information available from private and public sources related to the property and is responsible for approving the technical contents of this press release.

About Fairchild Gold Corp.

Fairchild Gold is a mineral exploration company focused on acquiring, exploring and developing high-quality mineral properties in mining-friendly jurisdictions. The company's flagship Copper Chief project is in the historic Goodsprings mining district in Nevada, United States.

We seek Safe Harbor.