Falcon Gold Provides Corporate and Strategic Update on Canadian Portfolio

Core Insights - Falcon Gold Corp. is advancing its permitting processes and exploring expansion opportunities across its Canadian assets, particularly in Central Canada, Central Newfoundland, and British Columbia [1][12]. Permitting Updates and Portfolio Optimization - The company is implementing an aggressive permitting strategy to prevent future bottlenecks and ensure timely advancement of key assets as market conditions improve [2]. - Permit advancements are in progress for the Central Canada Gold Project in Ontario, the 17,000-hectare Central Newfoundland land package (Stoney Lake Claims), and the Sunny Boy–Spitfire Project in British Columbia [3][10]. Central Canada Gold Project - The Central Canada Gold Project is located approximately 20 km southeast of Agnico Eagle's Hammond Reef Deposit within the Shebandowan Greenstone Belt [5]. - Historical drilling results indicate potential tonnage of 500,000 to 1,200,000 tons with grades ranging from 8 to 12 g/t Au [8]. Central Newfoundland Expansion - Falcon has staked approximately 17,000 hectares of land in Central Newfoundland, securing a district-scale position in a highly prospective corridor within the Victoria Lake Shear Zone [10]. - Groundwork is underway to define priority drill targets, and the permitting process for exploration activities in 2026 has begun [10]. British Columbia – Sunny Boy–Spitfire Project - Updated permits support the inaugural drill campaign targeting high-grade surface mineralization zones at the Sunny Boy–Spitfire Project, with channel samples returning values up to 122 g/t Au [11]. Market Outlook and Strategic Positioning - Gold prices have recently surpassed US$4,100/oz, reflecting its resilience amid macroeconomic uncertainties and inflationary pressures [12]. - Companies like Falcon, with high-quality Canadian projects and near-term catalysts, are well-positioned to capture value in the current market environment [13].