Insider Holding Clarification Karim Rayani
FALCON GOLD CORP.
Suite 200 – 3310 South Service Road
Burlington, Ontario, L7N 3M6
TEL: (604) 716-0551
www.falcongold.ca
NEWS RELEASE FG: TSXV
3FA: FRA
FOR IMMEDIATE RELEASE
Insider Holding Clarification Karim Rayani
Toronto, Ontario — February 2, 2026 — Falcon Gold Corp . (TSX-V: FG; FSE: 3FA; OTC -Pinks: FGLDF)
(“Falcon” or the “Company) reports as a result of a review by the British Columbia Securities Commission,
the Company is issuing the following press release to clarify disclosure in management information
circulars filed February 24, 2020, July 8, 2022 and July 29, 2024 (collectively, the “Circulars”) with regards
to beneficial ownership of common shares reported for Karim Rayani. Mr. R ayani’s reported holdings in
the Circulars did not match his actual holdings. As of the date of this press release Mr. Rayani’s filings on
the System for Electronic Disclosure by Insiders (“SEDI”) are now current and he holds 4,056,000 common
shares of the Company directly and 12,708,500 common shares of the Company indirectly.
The Company states that all represented Shareholdings for Mr. Rayani are accurate and that filings for
insiders and officers of the Company are available on www.sedi.ca.
For further information, please contact:
Falcon Gold Corp.
On Behalf of the Board of Directors
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: [email protected]
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
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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 in 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 futur e 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.