FAIRCHILD COMPLETES A NEVADA TRINITY WITH THE ACQUISITION OF ADVANCED STAGE CARLIN QUEEN PROJECT

On October 30, 2025, Fairchild Gold Corp. announced it has acquired a 100% interest in the Carlin Queen gold and silver project in Nevada. The project consists of 73 unpatented lode mining claims.

The acquisition terms involve annual cash payments of US$150,000 for three years. Alternatively, Fairchild can make a discounted lump-sum payment of US$375,000 on or before April 30, 2026. The property is subject to a 2% Net Smelter Return (NSR) royalty, which can be fully repurchased by the company for US$4,000,000.

Executive Chairman Nikolas Perrault stated this acquisition completes a "Nevada Trinity" for Fairchild, creating a significant portfolio alongside their other Nevada projects in a district with world-class mines.

The acquisition of the Carlin Queen project is a routine but positive step for Fairchild as it continues to build out its Nevada-focused exploration portfolio. The deal structure is favorable for a junior explorer, allowing staged payments rather than a large upfront cash outlay, which is critical given the company's limited cash position.

However, the materiality of this acquisition is low. It adds a third early-stage project to the company's portfolio, which already includes the Nevada Titan (formerly Copper Chief) and the recently acquired Golden Arrow projects. This will further stretch the company's financial and human resources. While the company raised C$1.1 million in mid-October, these funds will be spread thin across three distinct properties, all of which require significant exploration expenditures.

The acquisition does not add any defined resources or cash flow. It is another "story" that will require capital to advance. The company's history is one of serial dilution through numerous private placements, mostly at C$0.06. While the most recent financing was at a higher price of C$0.09, the addition of another project makes future financings and further dilution a near certainty.

In conclusion, the news is positive as it expands the exploration pipeline on reasonable terms. However, it is routine in nature for an exploration company and increases the company's future capital needs without fundamentally altering its near-term risk profile or financial position.

Fairchild Gold Corp. is a junior exploration company focused on acquiring and advancing a portfolio of precious and base metal projects in Nevada, USA. Over the past year, the company has aggressively assembled a "Nevada Trinity" of projects: 1. Nevada Titan Project (formerly Copper Chief): This appears to be the flagship project, located in the Goodsprings mining district. Exploration has returned high-grade surface samples of copper (up to 34.0%), gold, silver, and other metals, with geology suggesting potential for a large-scale porphyry-skarn system. 2. Golden Arrow Project: Acquired in September 2025, this is an advanced-stage, past-producing gold and silver property on the Walker Lane Shear Zone. It comes with a historical (2018) resource estimate, but also a significant debt obligation. 3. Carlin Queen Project: The most recent acquisition (October 2025), an early-stage gold and silver project located in the Carlin Trend region.

The company also holds the Fairchild Lake Property in Ontario, Canada, but the focus is clearly on Nevada.