FG.V · 2024-10-29 12:00:00

Falcon GOLD Corp. Announces Delay of Filings

Regulatory & Compliance

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 Fil ings. 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:

Phone: (604) 716-0551