Falcon Gold receives TSX-V approval for 1:3 rollback

Executive Summary

• Falcon Gold Corp. is implementing a consolidation of its issued and outstanding common shares on a 1-for-3 basis.
• The TSX Venture Exchange has accepted the filing for the proposed consolidation.
• Post-consolidation trading is expected to commence on or about April 16, 2026, pending final approvals.

Key Details

• Consolidation Ratio: One new common share for every three outstanding common shares.
• Expected Effective Date: On or about April 16, 2026.
• New Identifiers:
  • ISIN: CA3060443064
  • Cusip: 306044306
• Corporate Identity: The company will retain the name Falcon Gold Corp. and the trading symbol "FG".
• Share Count Impact:
  • Pre-consolidation shares outstanding: 177,934,130
  • Expected post-consolidation shares outstanding: Approximately 59,311,377 (subject to rounding).
• Fractional Shares Treatment: No fractional shares will be issued and no cash consideration will be paid. Fractions of one-half or greater will be rounded up; fractions less than one-half will be rounded down.
• Convertible Securities: The exercise price and number of common shares issuable upon exercise or conversion of outstanding convertible securities will be proportionately adjusted.
• Approval Process: The consolidation was approved via resolutions passed by the board of directors in accordance with the Business Corporations Act (British Columbia) and company articles.