Mr. Karim Rayani reports

INSIDER HOLDING CLARIFICATION KARIM RAYANI

As a result of a review by the British Columbia Securities Commission, Falcon Gold Corp. has issued the following press release to clarify disclosure in management information circulars filed Feb. 24, 2020, July 8, 2022, and July 29, 2024, with regard to beneficial ownership of common shares reported for Karim Rayani. Mr. Rayani's reported holdings in the circulars did not match his actual holdings. As of the date of this press release, Mr. Rayani's filings on the System for Electronic Disclosure by Insiders (SEDI) are now current and he holds 4,056,000 common shares of the company directly and 12,708,500 common shares of the company indirectly.

The company states that all represented shareholdings for Mr. Rayani are accurate and that filings for insiders and officers of the company are available on SEDI.

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 kilometres 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 gram per tonne gold) mineral reserves and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 gram per tonne gold). 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 neighbouring properties results do not necessarily apply to the current project or property being disclosed.

The company holds multiple additional projects: a 49-per-cent interest in the Burton gold property with Iamgold near Sudbury, Ont.; the Spitfire-Sunny Boy claims in British Columbia; the Great Burnt copper-gold project in central Newfoundland; and, most recently, battery metals projects -- the Timmins West nickel-copper-cobalt property in Ontario and the Outarde nickel-copper-cobalt property and the Nickel North property in Quebec.

We seek Safe Harbor.