FALCON GOLD CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Falcon Gold Corp. (TSXV: FG) has announced a non-brokered private placement aimed at raising up to C$350,000 through the issuance of up to 11,666,667 units priced at C$0.03 per unit. Each unit will consist of one common share and one transferable common share purchase warrant, which will allow the holder to acquire an additional common share at an exercise price of C$0.05 for three years. The announcement was made on July 30, 2026, and the completion of the placement is subject to approval from the TSX Venture Exchange and other customary closing conditions.

The funds raised from this private placement are intended to advance Falcon Gold's property portfolio located in Northwestern Ontario, as well as for general working capital purposes. The company’s flagship asset, the Central Canada Gold Project, is strategically positioned within the Quetico Fault Zone, a region known for its significant gold mineralization. This project has a rich exploration history and is located near Agnico Eagle's Hammond Reef Gold Deposit, which underscores its potential value in the competitive mining sector.

Falcon Gold Corp. is focused on the acquisition and exploration of precious and battery metals across the Americas. Beyond its flagship project, the company has a diverse portfolio that includes interests in various exploration-stage properties, such as the Burton Gold Property in partnership with IAMGOLD and several targets in British Columbia and Newfoundland. This diversification strategy positions Falcon to capitalize on different opportunities within the mining sector, which is characterized by fluctuating commodity prices and varying regional demand.

Management participation in the private placement will constitute a related party transaction, and the company expects to rely on exemptions from formal valuation and minority shareholder approval requirements. This aspect of the deal highlights the interconnected nature of management and financing within smaller mining companies, where insider participation can often provide additional confidence to investors.

The broader implications of this fundraising effort for Falcon Gold Corp. may reflect a cautious optimism within the mining sector, particularly in light of ongoing demand for gold and battery metals. As companies seek to bolster their exploration activities and capitalize on favorable market conditions, private placements like this one could become increasingly common. Investors will be closely monitoring Falcon's progress as it utilizes the proceeds to advance its projects, which may ultimately enhance shareholder value in a competitive landscape.