FALCON GOLD CORP. - CORPORATE AND EXPLORATION UPDATE

Falcon Gold Corp. announced a corporate restructuring to optimize its capital structure and strengthen market positioning. The company is refocusing its strategy on its northwestern Ontario portfolio, particularly the Central Canada Gold Project in the Atikokan gold camp, where it plans to conduct up to 20 diamond drill holes. The company abandoned its proposed acquisition of Newfoundland claims and entered a CAD $100,000 marketing agreement with AGORACOM. Management believes current macroeconomic conditions and strengthening gold prices support junior gold exploration companies in Tier-1 jurisdictions.