FG.V · 2025-11-21 12:00:00

Falcon Gold Provides Corporate and Strategic Update on Canadian Portfolio FG: TSXV 3FA: FRA Update covers permitting progress, project expansions, portfolio optimization, and strategic outlook across Falcon's Canadian assets.

Permits & Approvals Shareholder Letters & Outlook

Falcon Gold Provides Corporate and Strategic Update on

Canadian Portfolio

FG: TSXV

3FA: FRA

Update covers permitting progress, project expansions, portfolio optimization, and strategic outlook across Falcon's Canadian assets.

TORONTO

Nov. 21, 2025

/CNW/ -

Falcon Gold Corp.

(TSXV: FG) (FSE: 3FA) (OTC-Pinks: FGLDF) ("Falcon" or the "Company") is

pleased to provide a corporate update highlighting permitting progress, strategic portfolio developments, and expansion opportunities in

Central Canada

Central Newfoundland

, and

British Columbia

Permitting Updates and Portfolio Optimization

Falcon continues to operate with the discipline of a mid-tier and the agility of a junior. The Company has adopted an aggressive

permitting strategy across its portfolio to eliminate future bottlenecks and ensure all key assets are positioned for timely advancement

as market conditions improve.

Permit advancement is underway at Falcon's Central Canada Gold Project (

Ontario

), its 17,000-hectare

Central Newfoundland

land

package (Stoney Lake Claims), and its Sunny Boy–Spitfire Project in

British Columbia

, where updated field permits now support

Falcon's inaugural drill campaign.

At Stoney Lake, the land is directly tied to Sokoman and Benton recent acquisitions. This area is quickly becoming

Newfoundland's

most exciting new exploration camp. Field crews are being mobilized, and groundwork is underway to define priority drill targets.

Central Canada Gold Project –

Ontario

(Updated)

Falcon's 100%-owned Central Canada Gold Project is located approximately 20 km southeast of Agnico Eagle's Hammond Reef

Deposit within the Shebandowan Greenstone Belt.

Cautionary note regarding adjacent properties:

Mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on Falcon's property.

Central Canada Project History

1901–1907: Shaft constructed to 12 m depth; 27 oz gold recovered from 18 t ore. (MNDM Assessment File 41J06NE0019)

1930–1934: Central Canada Mines Ltd. installed a 75 t/day gold mill; 1,829 m of drilling, vertical shaft to 45 m, and 42 m of

crosscuts/drifts. Operations ceased due to the Great Depression.

1965: Anjamin Mines drilled multiple holes; key results:

Hole S2: 2 ft @ 37 g/t Au

Hole S3: 7 ft @ 44 g/t Au

(Source: Ontario MNDM Assessment File 41J06NE0019; Ontario Mineral Deposit Inventory MDI52B14SW00034)

1985: Interquest Resources drilled 13 diamond holes totaling 1,840 m; notable intercepts included 3.8 ft @ 30 g/t Au.

2010–2012: TerraX Minerals completed line cutting, geological surveys, and drilled 363 m. (Source: TerraX Minerals Assessment

File 20000009230)

2020–2021 (Falcon): Completed ~1,055 m of drilling, confirming visible gold and high-grade intercepts along strike and at depth.

(Source: Falcon Gold Assessment File 20000020989; News Releases

July 2020

February 2021

)

Exploration Target (Conceptual)

Based on verified drilling by Anjamin Mines, Interquest Resources, TerraX Minerals, and Falcon's 2020–2021 programs, Falcon has

identified a conceptual target zone along the main shear structure of the Central Canada Gold Project.

Potential tonnage: 500,000 – 1,200,000 t

Potential grade: 8 – 12 g/t Au

Cautionary Statement:

The potential quantity and grade are conceptual in nature. Further exploration, including drilling, is required to confirm the extent,

tonnage, and grade of mineralization. There is no guarantee that future results will match historical observations or achieve a mineral

resource.

Important: Falcon has not verified this estimate, and it is not treated as a current or historical NI 43-101-compliant resource. This figure

is provided solely as context for the property's potential.

Central Newfoundland Expansion

Falcon has expanded its footprint in a proven exploration belt by staking approximately 17,000 hectares of prospective ground directly

north of its Great Burnt Copper-Gold Project known as the Stoney Lake Claims. The claims secure a district-scale land position across

a highly prospective corridor within the Victoria Lake Shear Zone. The Company is conducting groundwork to define priority drill targets

and has begun the permitting process to support exploration activities in 2026. Field crews are being mobilized.

British Columbia

– Sunny Boy–Spitfire Project

Falcon has updated its permits to support the Company's inaugural drill campaign targeting high-grade surface mineralization zones at

the Sunny Boy–Spitfire Project. During its 2020 program, Falcon collected channel samples returning values up to 122 g/t Au. Channel

and grab samples are selective by nature and may not represent the overall mineralization on the property. For results from Falcon's

November 3, 2021

– "Backpack Drill Program at Sunny Boy", please visit the Company's website.

CEO

Karim Rayani

commented:

"Falcon's portfolio is positioned to advance assets with the greatest near-term potential while maintaining exposure to high-quality

opportunities across our broader land position. With permits being updated and new exploration targeting underway, we are focused on

projects where we can deliver meaningful results and long-term shareholder value."

Market Outlook and Strategic Positioning

Gold recently reached over

US$4,100

/oz, up from around

US$1,800

/oz a few years ago, highlighting its resilience amid macroeconomic

uncertainty and inflationary pressures driven by global monetary expansion. Persistent money printing, central bank interventions, and

geopolitical tensions continue to fuel investor demand for tangible assets like gold, reinforcing its role as a hedge against currency

devaluation and rising inflation.

In this environment, companies like Falcon, with high-quality Canadian projects and near-term catalysts, are well-positioned to capture

value. Falcon's projects are in some of the most exploration-rich regions in

Canada

, including the Central Canada Gold Project,

Central

Newfoundland

acquisitions, and the Sunny Boy–Spitfire Project in B.C. The portfolio benefits from aggressive permitting, systematic

exploration, and a focus on advancing its most prospective assets. These attributes provide a clear vector for attracting institutional and

strategic investment, while Falcon remains open to advanced-stage acquisitions to accelerate growth.

References

Agnico Eagle Mines – Hammond Reef Project (adjacent property; not necessarily indicative).

https://www.agnicoeagle.com/English/operations-and-projects/exploration-projects/hammond-reef/default.aspx

Ontario Mineral Deposit Inventory

http://www.geologyontario.mines.gov.on.ca/mineral-inventory/MDI52B14SW00034

Ontario Ministry of Northern Development and Mines (MNDM) Assessment File 41J06NE0019

Falcon Gold Assessment File 20000020989 (2020–2021 drilling)

Historic mining journals and Fort William Daily Times Journal (1930–1934)

Falcon Gold news releases (2020–2021)

Reference Gold Spot Price

www.apmex.com

This press release may include forward-looking information regarding Falcon Gold's exploration programs, permitting, and project

plans. Such statements are based on current expectations and available information and are subject to risks and uncertainties that

could cause actual results to differ. Readers should interpret these statements in the context of the uncertainties inherent in early-stage

exploration.

Qualified Person

The technical content of this release has been reviewed and approved by Mike Kilbourne, P.Geo., a Qualified Person as defined by

National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Kilbourne is Independent of the Company.

On Behalf of the Board of Directors

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

Deposit 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 of 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

Quebec

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.

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.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/falcon-gold-provides-corporate-and-strategic-update-on-canadian-portfolio-302623376.html

SOURCE

Falcon Gold Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/November2025/21/c5441.html

%SEDAR: 00025821E

For further information:

Karim Rayani, Chief Executive Officer, Director, Telephone: (604) 909-2070, Email: [email protected]

CO: Falcon Gold Corp.

CNW 11:41e 21-NOV-25

← Back to feed