Mr. Karim Rayani reports

FALCON GOLD CORP. ANNOUNCES UPDATE ON FILING ANNUAL FINANCIAL STATEMENTS AND EXTENSION TO MANAGEMENT CEASE TRADE ORDER

Falcon Gold Corp. has provided an update to its previously disclosed management cease trade order (MCTO), announced on Oct. 29, 2025, in respect of: (a) the audited financial statements of the company for the fiscal year ended June 30, 2025; (b) the related management discussion and analysis for the fiscal year ended June 30, 2025; and (c) the chief executive officer and chief financial officer certification of filings required under Section 4.1 of National Instrument 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, that were not filed by the required filing deadline of Oct. 28, 2025.

The company has obtained approval from the British Columbia Securities Commission to extend the MCTO until Jan. 9, 2026. As previously disclosed, the 2025 annual filings were not filed by the filing deadline due to the fact that the company experienced a short delay in engaging its auditor, Davidson & Co. LLP, as a result of timing and administrative factors. Both the company and Davidson are working diligently toward the completion and filing of the 2025 annual filings; however, additional audit procedures remain to be conducted and the coming holiday period is also expected to affect scheduling, and therefore the company will not be in a position to file the 2025 annual filings by Dec. 29, 2025. The company intends to file the 2025 annual filings as soon as possible and in any event on or before Jan. 9, 2026. The company expects to proceed with the filing of its interim first quarter financial statements shortly after the 2025 annual filings have been completed and filed.

The company will provide updates as further information relating to the 2025 annual filings becomes available. Until the 2025 annual filings are filed, the MCTO is in effect and the company's management and other insiders are subject to a trading blackout reflecting the principles contained in Section 9 of National Policy 11-207, Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. The company will issue biweekly default status reports in accordance with National Policy 12-203, Management Cease Trade Orders. Additionally, during the period of default and until the filing of the 2025 annual filings, the company intends to satisfy the provisions of the alternative information guidelines as required by NP 12-203. The company is not subject to any insolvency proceedings, and, other than as disclosed in the company's press releases, there has been no material information that has not been disclosed.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring and exploring opportunities in the Americas.

We seek Safe Harbor.