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FALCON GOLD CORP.

Suite 200 - 3310 South Service Road

Burlington, Ontario, L7N 3M6

TEL: (437) 836-1046

www.falcongold.ca

info@falcongold.ca

NEWS RELEASE FG: TSXV

3FA: FRA

Falcon Gold Intersects Broad Sulphide and Alteration Zones at Great Burnt; Completes First Half of Drill Program with Expanded Depth Targeting

April 22, 2025 - Burlington, Ontario - Falcon Gold Corp. (TSX V: FG | OTC-Pinks: FGLDF | FSE: 3FA) ("Falcon" or the "Company") is pleased to report the successful completion of the first five (5) drill holes at its Great Burnt Project in southern Newfoundland. Representing 50% of the planned drill program, these initial holes were designed to test prominent magnetic (MAG) and electromagnetic (EM) anomalies-and even at this very early stage, the emerging data has significantly boosted our confidence. Drilling paused during spring break and will resume shortly.

The five completed holes-totaling 730metres of NQ core-tested a 400 metre strike along a 6,000 metre long anomaly corridor. Encouraged by robust sulphide intersections and intense alteration-along with promising EM responses-the Company not only deepened each of these first five holes but also expanded the permit footprint to allow up to 3,000metres of additional drilling.

Key observations include:

Robust Sulphide Mineralization: Predominantly pyrite and pyrrhotite with minor chalcopyrite, appearing as disseminations, clots, and stringers in both sedimentary and volcanic units.

Significant Quartz Veining: Well developed quartz stockwork-occasionally exceeding 50% quartz-indicative of vigorous hydrothermal fluid flow.

Intense Alteration: Core exhibits silica, chlorite, epidote, carbonate, and iron carbonate-hallmarks of a substantial mineralizing event.

The Great Burnt Project lies within a prolific sulphide corridor, flanked to the south by Benton Resources and to the north by FirstAtlantic, both of which have recently delivered compelling drill results. This regional success further underscores the prospectivity of Falcon's targets.

"While exploration is still in its infancy, the vectoring markers we are seeing-the sulphide textures, veining intensity and alteration halo-suggest we are very close to zeroing in on a discovery," stated Karim Rayani Chief Executive Officer. "With half our holes complete, deeper drilling underway and a 3,000metre permit secured, we're poised to accelerate and advance toward a significant sulphide system."

Falcon Gold will continue to update shareholders as the expanded drill program progresses and assay results are received and logged.

Figure 1: Historical Airborne EM Coverage of the Great Burnt Property Showing Falcon Claims in Yellow and Drilling in Blue

Figure 2: Pyritic sulphide mineralization in quartz veins.

Figure 3: Clot of massive pyrite - pyrrhotite mineralization in intense silica -chlorite alteration zone

Figure 4: Section of drill core with well developed quartz veins containing sulphide mineralization.

Figure 5: Thick section of intense silicification cut by white quartz veins confirming multiple episodes of alteration.

Qualified Person

Victor French, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20 km southeast of Agnico Eagle's Hammond Reef Gold Deposit which currently has an estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). Ref: https://www.agnicoeagle.com/English/exploration/exploration-projects/Hammond-Reef/default.aspx The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ. The neighboring properties results do not necessarily apply to the current project or property being disclosed

The Company holds multiple additional projects: the Viernes Gold/Silver/Copper project in the world-class copper cluster located in Antofagasta, Chile; the Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; the Spitfire-Sunny Boy, claims in B.C.; the Great Burnt Copper Project Central Newfoundland, and most recently battery metals projects, Timmins West Nickel-Copper-Cobalt Property Ontario, Outarde Nickel-Copper-Cobalt Property, HSP Nickel-Copper property in northern Quebec and the Havre St. Pierre Anorthosite Complex respectively.

CONTACT INFORMATION:

Karim Rayani

Chief Executive Officer, Director

Telephone: (604) 716-0551

Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.