Falcon's CEO Issues Corporate Update Letter To Shareholders - Seite 3

Falcon in late 2022 initiated a spinout of Latamark Resources Corp., a wholly owned subsidiary to the Company by plan of arrangement. The Arrangement was approved by special resolution at a special meeting of shareholders held on September 8, 2022. The Company obtained a final order approving the Arrangement from the Supreme Court of British Columbia on September 14, 2022, and the Arrangement became effective on November 2, 2022. Due to current market sentiment the company has decided to delay the listing application process to late 2024 early 2025.

Falcon holds Viernes project and Area 51 both located in Chile South America, one of the richest Copper producing regions in the world.

The Viernes project covers 3300 hectares and presents Falcon a tremendous opportunity to explore for potential bonanza-grade with epithermal low to intermediate sulfidation gold-silver, and porphyry copper-moly mineralization in one of south Americas greatest mineral endowed Paleocene-Eocene belts. The project is located within a world class cluster with extensive development by Yamana, BHP-Rio Tinto, Antofagasta Minerals amongst others. The property is highly prospective and is adjacent to the epithermal vein-hosted Gold-Silver producing El-Peñon mine in which the property may host similar geochemical and structural features.

• Since the 1990's this area has produced 30.6 million tons of copper.
• 57 times the annual Canadian production, 9.2 million Ounces of Gold.
• 1.5 Times the Canadian production, 129.3 million ounces of Silver.
• 8.6 times the Canadian annual silver production and has generated multiple discoveries.

"The Viernes Project has the makings of a contender in a world class district, not only is it adjacent to majors such as Yamana's El-Peñon Gold-Silver mine, which produces 160,000 ounces of Gold per year and 5,000,000 million ounces of silver. It's also just 30kms from the Escondida porphyry Copper-Gold-Moly cluster, the largest copper producing hub in the world operated by BHP and Rio Tinto. It's a very competitive area as it's controlled by the majors and almost impossible to get ground of this size," States Karim Rayani Chief Executive Officer.