Falcon's CEO Issues Corporate Update Letter To Shareholders

VANCOUVER, BC / ACCESSWIRE / February 26, 2024 / FALCON GOLD CORP. (TSX-V:FG)(FSE:3FA)(OTCQB:FGLDF) (the "Company") is pleased to report a corporate update letter in an address to shareholders from its Chief Executive Officer Karim Rayani.

Dear Shareholders,

As we reflect on the successes and challenges of 2023, I'm pleased to share with you the progress and objectives for the ensuing year ahead. We are in the midst of what looks like a favorable macroeconomic environment for gold and precious metals including factors such as economic uncertainty, inflationary pressures, and geopolitical tensions. Yet a perplexing disparity persists for companies despite the favorable backdrop as metal prices head higher, market capitalizations continue to struggle creating unprecedented opportunities in the resources sector. Additionally low interest rates can weaken the purchasing power of fiat currencies, making gold relatively more attractive as a store of value, therefore this sets the stage for gold and commodity prices to experience upward momentum. Timing is always paramount.

Falcon's core and long-term philosophy remains the same. Our diverse portfolio in key jurisdictions where sizeable resources are known to occur positions us strategically for future success as demand returns for commodities such as gold copper and battery metals. Despite the fluctuation and uncertainties inherent in the current resource market, Falcon Gold has remained steadfast in its commitment to delivering value to shareholders. Gold prices, while experiencing volatility continues to demonstrate its resilience as a safe haven asset amid economic uncertainties and geopolitical tensions.

In 2023, Falcon has strengthened its value proposition, with a strategic focus on both advancement and acquisition. Notably, acquiring and expanding our holdings at Great Burnt in Central Newfoundland. This area is quickly becoming known for its high-grade copper evidenced by Benton Resources recent results dated 2024-01-30 (https://www.stockwatch.com/News/Item/Z-C!BEX-3507029/C/BEX) where they hit multiple high grade copper zones, and they continue to intersect copper rich massive sulfide intersections. Falcon's land package is located directly along strike of the favorable horizon hosting both gold and copper mineralization at Great Burnt, and with the Airborne Electromagnetic and Magnetic signatures showing numerous priority target areas which have never been explained, explored or drill tested. We are currently awaiting final approval of our drill permit application and plan to announce an immediate drill program plan. Our commitment to finding a new ore horizon remains unwavering.