Falcon Gold outlines permits, expansions

Executive Summary

• Falcon Gold Corp. provided a strategic update highlighting permitting progress and exploration activities across its Canadian portfolio, specifically in Central Canada (Ontario), Central Newfoundland, and British Columbia.
• The company has secured updated field permits for its Sunny Boy-Spitfire project in British Columbia, enabling an inaugural drill campaign targeting high-grade surface mineralization.
• Falcon has expanded its land position in Newfoundland by staking 17,000 hectares (Stoney Lake claims) adjacent to recent acquisitions, with field crews mobilizing to define drill targets and permitting underway for 2026 activities.

Key Details

• Central Canada Gold Project (Ontario):
  • Located ~20 km southeast of Agnico Eagle’s Hammond Reef deposit in the Shebandowan greenstone belt.
  • Falcon holds 100% ownership.
  • Historical Drilling Highlights:
    • 1965 (Anjamin Mines): Hole S2 returned 2 ft at 37 g/t Au; Hole S3 returned 7 ft at 44 g/t Au.
    • 1985 (Interquest Resources): Notable intercept of 3.8 ft at 30 g/t Au.
    • 2020-2021 (Falcon): Completed ~1,055 m of drilling, confirming visible gold and high-grade intercepts along strike and at depth.
  • Conceptual Target: Identified a potential zone along the main shear structure with estimated tonnage of 500,000 to 1.2 million tonnes at a grade of 8 to 12 g/t Au. (Note: This is conceptual, not NI 43-101 compliant, and requires further verification).
• Central Newfoundland Expansion:
  • Staked approximately 17,000 hectares of prospective ground known as the Stoney Lake claims, located directly north of the Great Burnt copper-gold project.
  • Land is tied to recent Sokoman and Benton acquisitions, forming a district-scale position in the Victoria Lake shear zone.
  • Field crews are mobilized to define priority drill targets; groundwork is underway.
  • Permitting process initiated to support exploration activities in 2026.
• British Columbia – Sunny Boy-Spitfire Project:
  • Updated permits now support the company's inaugural drill campaign.
  • Targeting high-grade surface mineralization zones.
  • Previous 2020 program channel samples returned values up to 122 g/t Au (selective samples).
• Strategic Context:
  • CEO Karim Rayani emphasized an aggressive permitting strategy to eliminate bottlenecks and position assets for timely advancement as market conditions improve.
  • Company notes gold prices have risen from ~$1,800/oz to over $4,100/oz, reinforcing the strategic value of its Canadian assets.
  • Falcon remains open to advanced-stage acquisitions to accelerate growth.

Notable Quotes

• "Falcon's portfolio is positioned to advance assets with the greatest near-term potential while maintaining exposure to high-quality opportunities across our broader land position. With permits being updated and new exploration targeting under way, we are focused on projects where we can deliver meaningful results and long-term shareholder value." — Karim Rayani, CEO