Falcon Gold Corp. Announces Delay of Filings

Vancouver, British Columbia, Canada – October 29, 2024 – Falcon Gold Corp. (the “Issuer” or the “Company”) (TSXV: FG), announces that it anticipates a brief delay in filing its financial statements for the period ended June 30, 2024 as well as the related management’s discussion and analysis and CEO and CFO certifications (collectively, the “Required Filings”), which were required to be filed on or before October 28, 2024.

This is due to unexpected delays the Company’s new auditors, Davidson & Company LLP (“Davidson”), have experienced in receiving certain documents and information requested from the Company’s previous auditors. The Company and Davidson are working diligently to resolve this as soon as possible but acknowledge that there will be a brief delay in making the Required Filings. Accordingly, the Company applied to the British Columbia Securities Commission (“BCSC”), the Company’s principal securities regulator in Canada, for the issuance of a management cease trade order (“MCTO”) under the provisions of National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) in connection with the late filing of the Required Filings, so as to permit the continued trading in the Company's common shares by persons other than the Company's Chief Executive Officer, Chief Financial Officer and such other directors, officers and persons as determined by the applicable regulatory authorities. The BCSC has granted the MCTO as of October 29, 2024 and the Company expects to file the Annual Filings on or before November 30, 2024.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in 10 of NP 12-203 and issue biweekly default status reports for so long as it remains in default of the requirement to file the Required Filings. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information to release to the public. The Company has made the foregoing representations in accordance with the requirements of applicable securities laws.

ON BEHALF OF THE BOARD OF DIRECTORS

Karim Rayani Chief Executive Officer and Director

For further information please contact:

Email: [email protected] Phone: (604) 716-0551