Mr. Karim Rayani reports

FALCON GOLD CORP. UNVEILS HIGH-RESOLUTION IMAGES OF FIRST TWO DRILL HOLES FROM LATE 2024 EXPLORATION PROGRAM

Falcon Gold Corp. has released high-resolution images from the first two drill holes of its late 2024 exploration program at the Great Burnt copper-gold project in central Newfoundland. The images, now available on the company's website and social media channels, provide an unprecedented visual insight into the early stages of the drilling campaign and the quality of recovery obtained.

"Our release of these high-resolution images marks a significant step forward in our exploration program," said Karim Rayani, chief executive officer of Falcon Gold. "They not only highlight the excellent quality of the core recovery but also provide tangible evidence of the promising geological features we are beginning to uncover at the Great Burnt copper-gold project. It's still early days in our first phase of exploration; however, we believe what we are seeing is evidence of an extensive mineralized system. We look forward to updating shareholders once we have further results."

Key highlights:

• Visual progress: The released images showcase detailed views of the first core recovered from the late 2024 program, illustrating the promising geological characteristics and mineralization encountered in the initial two holes.
• Exploration milestone: This visual documentation supports previous press releases and reinforces the company's robust exploration strategy in the Great Burnt camp, further validating geophysical targets identified during prior surveys and historical drilling.
• Enhanced transparency: By sharing these images, Falcon Gold aims to keep its stakeholders and the broader investor community well informed about the project's progress, underlining its commitment to transparency and open communication.

Qualified person

Victor French, PGeo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the company.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada gold mine, is approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef gold deposit, which currently has an estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 gram per tonne gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico fault zone (QFZ), and may be the control for the gold deposit. The Central gold property lies on a similar major northeast-trending splay of the QFZ.

The company holds multiple additional projects: the Viernes gold/silver/copper project in the world-class copper cluster located in Antofagasta, Chile; the Springpole West property in the world-renowned Red Lake mining camp; a 49-per-cent interest in the Burton gold property with Iamgold near Sudbury, Ont.; the Spitfire-Sunny Boy claims in British Columbia; the Great Burnt copper project in central Newfoundland; and, most recently, battery metals projects, Timmins West nickel-copper-cobalt property in Ontario, Outarde nickel-copper-cobalt property, HSP nickel-copper property in northern Quebec, and the Havre St. Pierre anorthosite complex, respectively.

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