Falcon’s Chief Executive Officer, Issues Corporate Update Letter - Seite 3

Falcon's Baie Verte project consisting of 13,700 hectares is located along the Baie Verte Brompton Line (BVBL) of the central Newfoundland gold belt. The BVBL is a major crustal scale structural feature and through the Baie Verte peninsula and currently hosts all of Newfoundland's gold production. Current producing mines include Anaconda Mining Inc.'s Point Rousse gold mine and Rambler Metals Mining operations. Former producing mines include the Terra Nova mine and deposits of the Rambler mining camp. All these current gold mines and former producers are in close proximity to the Baie Verte Brompton line. Additionally, there are more than 100 gold prospects along the BVBL, and Falcon has taken advantage of this key structural corridor having acquired ground over a 70 km strike length.

On November 17th Falcon announced a strategic partnership with Marvel Discovery in the Hope Brook camp of the central Newfoundland gold belt. Called the Golden Brook, this strategic alliance covers additional ground along the Baie Verte Brompton Line. The 50-50 joint venture between Falcon and Marvel now brings total landholdings to 115,000 hectares. This alliance provides numerous upside potential to both companies including synergies of shared capital and administration costs while collectively targeting those areas of high merit for a Tier 1 gold discovery that is not hampered by property boundaries.

The newly formed JV also controls strategic ground 13 kilometers (km) southwest of the Glover Island (GI) trend. The GI trend is an 11km mineralized corridor host to 17 base metal, polymetallic mineral prospects and numerous gold showings and anomalies. The GI trend hosts the Lunch Pond South deposit with inferred resources of 120,000 ounces of gold. Not only known for its base and precious metals, the GI Trend and BVBL corridor contains the Four Corners project which hosts an apparent large iron-titanium-vanadium bearing deposit owned by Triple Nine Resources. This deposit has thus far been outlined for over 3km in length with widths of up to 200m and to a depth of 600m. The Falcon-Marvel JV is well positioned along this important mineralized corridor and by combining exploration strategies and synergies is well poised for success.

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