Falcon Gold Advances Sunny Boy- Spitfire Project, Files Notice of Work for Inaugural Drill Program, B.C.
FALCON GOLD CORP.
Suite 200 – 3310 South Service Road
Burlington, Ontario, L7N 3M6
TEL: (604) 909-2070
www.falcongold.ca
NEWS RELEASE FG: TSXV
3FA: FRA
FOR IMMEDIATE RELEASE
Falcon Gold Advances Sunny Boy- Spitfire Project, Files Notice of Work for Inaugural Drill
Program, B.C.
Toronto, Ontario (Newsfile Corp. – October 29th, 2025) - FALCON GOLD CORP. (TSXV: FG), (FSE: 3FA)
(U.S – Pinks: FGLDF) ("Falcon" or the "Company") is pleased to announce a Notice of Work (“NoW”)
Permit has been field on the Sunny Boy - Spitfire project near Merrit British Columbia. The permit allows
Falcon to resume an aggressive exploration program including trenching, diamond drilling, geophysical
surveys, and site preparation to test high grade structures and expand the known gold system.
“The Merritt area has a rich history of gold exploration, where past operators focused primarily on
narrow high-grade veins — overlooking the broader geological frameworks that support larger mining
widths. As new results continue to arrive, our confidence in the district’s potential only grows. Our field
team has built on Falcon’s early success, advancing structural and geochemical work to define high-
priority targets. We are now preparing an aggressive 25-hole program designed to test surface
mineralization along the Master Zone ahead of our inaugural drill campaign. We believe the Nicola Lake
region has all the hallmarks of emerging into B.C.’s next significant gold camp,” commented Karim
Rayani, Chief Executive Officer of Falcon.
Falcons previous work program dated August 2020 mapped and channel sampled the Master Vein in a
blasted trench and along strike. The highlight sample averaged 59.8 g/t Au (1.74 oz/ton Au) over 2.2 m
which included a 1 m interval assaying 122 g/t (3.56 oz/ton) Au. Approximately 125 m southeast along
strike, another channel sample of the Master Vein returned a second strong assay of the vein that
reported 11.4 g/t Au over 1 meter. A new potential vein structure, the Cliff Vein, was discovered down
slope from the Master Vein, approximately 25 meters lower in elevation. A grab sample of the Cliff vein
assayed up to 22.8 g/t Au.
Table of selected assay results from the Spitfire & Sunny Boy Claims 2020 sampling program.
Station
ID
Sample # Sample
Type
Width(m) Assay(g/t
Au)
Assay(oz/t
Au)
Location
CH20-
01-01
467712 Channel 1.0 122.00 3.56 Master
Vein
CH20-
01-02
467713 Channel 1.2 7.99 0.23 Quartz
stringers
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CH20-
02-01
467714 Channel 1.0 11.40 0.33 Master
Vein
Cliff
Vein
467716 Grab n/a 22.80 0.67 Cliff Vein
The Spitfire & Sunny Boy Project
The first recorded discoveries were made on the Sunny Boy & Spitfire claims in 1908, which is currently
located in the northeast portion of the property claim block. Most of the early exploration focused on
quartz veins that hosted gold, copper and silver. High grade gold values have been reported at 124 to
127 g/t Au and 309 to 514 g/t silver ("Ag") in quartz vein material from underground workings
by Quilchena Mining and Development Company Ltd. The high-grade veins have been trenched, pitted,
blasted, and drilled but have never been commercially mined. The main showing, Master Vein, boasts
high-grade gold mineralization up to 50.53 oz/t as sampled by Ken Sanders, P. Eng in 1974. To the south-
west of the Sunny Boy Zone in an area referred to as the "AL" showing soil geochemistry, geophysics
(magnetometer/VLF), trenching, sampling and diamond drilling have been performed on the mineralized
veins. The best drill result was reportedly 3.77 g/t Au, 0.24 % copper, and 32.9 g/t Ag over 13.4 meters.
The Sunny Boy & Spitfire discovery has been referred to as an epithermal gold deposit by past
operators. The gold zones are hosted within the Quesnellia terrane, characterized by submarine volcanic
and volcaniclastic rocks of the Nicola group to the south and the Takla group in the north. The gold
mineralization and geological setting of the project bear strong similarities to other developed projects
in the region such as the epithermal gold deposits, Prospect Valley and Shovelnose, currently being
explored by Westhaven Ventures Inc.
Falcon's due-diligence work in 2019 confirmed the presence of gold mineralization along the Master
Vein over a 300-meter strike length with samples ranging from 0.33 to 2.74 ounces per ton ("oz/t") Au.
Based on the sporadic past exploration, the Company has identified EM and IP geophysics, structural
mapping, and excavating large surface blast pits to expose insitu bedrock as the best approach for
identifying new mineralized structures for both gold and base metals discoveries. Falcon’s next steps are
to confirm the extent of gold mineralization at depth. The discovery of 7.99 g/t Au in the silicified
wallrock could open significant new zones for our pending drill program. Furthermore, the recent
acquisition of new claims adding 500 meters of strike length (Previously announced June 4th, 2020) will
further add to the exploration potential as we continue to press along strike and to depth.
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P. G e o . , who
is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Grab samples are selected samples and may not necessarily be representative of the mineralization hosted
on the property. The QP and the Company ha ve not completed sufficient work to verify the historic
information on the propert y particularly regarding historical exploration, neighboring companies, and
geological government work.
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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 De posit 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 o f the QFZ. The neighboring properties results do not
necessarily apply to the current project or property being disclosed
The Company holds multiple additional projects: a 49% interest in the Burton Gold property with Iamgold
near Sudbury Ontario; Spitfire -Sunny Boy, claims in B.C.; Great Burnt Copper- Gold Project in Central
Newfoundland, and most recently battery metals projects, Timmins West Nickel-Copper-Cobalt Property
Ontario, Outarde Nickel-Copper-Cobalt Property, and the Nickel North property in Quebec.
CONTACT INFORMATION:
Falcon Gold Corp.
“Karim Rayani”
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 909-2070
Email: [email protected]
Website: www.falcongold.ca
Twitter: @FalconGoldCorp
Facebook: @FalconGoldCorp
LinkedIn: @FalconGoldCorp
Instagram: @FalconGoldCorp
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.
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.
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