Mr. Giovanni Gasbarro reports

FALCONSTAR VENTURES INC. CLOSES INITIAL PUBLIC OFFERING

Further to the final prospectus dated July 10, 2026, in connection with an initial public offering, Falconstar Ventures Inc. has completed the offering of three million common shares in the capital of the company issued at a price of 10 cents per offered share, resulting in gross proceeds to the company of $300,000.

Haywood Securities Inc. acted as agent for the offering. The agent received a cash commission equal to 10 per cent of the gross proceeds of the offering, a corporate finance fee of $13,125 (inclusive of applicable taxes) and 300,000 non-transferable warrants, each entitling the agent to purchase one common share of the company at a price of 10 cents per share for a period of 60 months from the date the company's common shares are listed on the TSX Venture Exchange.

Following completion of the offering, the company has 7.25 million common shares issued and outstanding, of which 4.25 million common shares held by the directors and officers of the company are subject to escrow restrictions in accordance with the company's capital pool company escrow agreement.

Concurrent with the closing of the offering on July 27, 2026, the company granted an aggregate of 700,000 CPC stock options to its directors and officers, each entitling the holder to acquire one common share of the company at a price of 10 cents per share for a period of 10 years from the date of grant.

The company is a capital pool company within the meaning of the policies of the TSX-V, has not commenced commercial operations and has no assets other than cash. The net proceeds of the offering, together with the company's existing working capital, will be used to identify and evaluate businesses or assets with a view to completing a qualifying transaction in accordance with the TSX-V's CPC policy.

The company's directors and officers are: Giovanni Gasbarro, chief executive officer, chairman, director and promoter; Bruno Gasbarro, chief financial officer, secretary and director; Nousheen Huq, director; Christopher Strongman, director; Kyle Guay, director; Gary McDonald, director; and Luigi Petrollini, director.

The company's common shares were listed on the TSX-V on July 27, 2026, and are currently halted, and are expected to commence trading on the TSX-V under the trading symbol FSTV.P, effective on or about July 29, 2026, following the issuance by the TSX-V of its bulletin confirming the resumption of trading.

Additional information relating to the company and the offering can be found in the company's long-form prospectus dated July 10, 2026, as filed on SEDAR+, available under the company's issuer profile on SEDAR+. The Cusip number assigned to the company's common shares is 306132101, and the ISIN is CA3061321012.

An electronic or paper copy of the prospectus may be obtained, without charge, from the agent by e-mail at ecm@haywood.com by providing the agent with an e-mail address or address, as applicable.

About Falconstar Ventures Inc.

Falconstar is a CPC pursuant to Policy 2.4 of the TSX-V. The company has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated by the TSX-V's capital pool company policy, until completion of its qualifying transaction, the company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a qualifying transaction.