Company Presentation June 2023

Falcon Metals The Opportunity Underexplored world class, high- grade gold province beneath cover 60Moz gold produced since 1850's from outcropping South Bendigo Zone, at an average grade of ~15g/t Au¹ • 90% of mines had a recovered grade of >8.5g/t Au¹ 36°E • 32Moz Au (P50 mid case) of undiscovered gold in the • Northern Bendigo Zone (Vic Govt 'Gold Undercover¹ estimate) Falcon's project covers hundreds of kilometres of strike over the highly prospective Bendigo Zone and Castlemaine Group geology, which is the known host to all major gold deposits in the district e.g. Fosterville, Bendigo, Ballarat • Active regional drill program screening for large high- grade deposits 1 Gold Undercover Report 2 - Assessment of undiscovered mesozonal orogenic gold endowment under cover in the northern part of the Bendigo Zone - Appendix 4, Table A41 2 All gold numbers represent historic production and can be sourced here: - 2003, Bierlein etal., A comparison of orogenic gold mineralisation in central Victoria (AUS), western South Island (NZ) and Nova Scotia (CAN): implications for variations in the endowment of Palaeozoic metamorphic terrains Agnico Eagle website - Resource and Reserve Statement and Fosterville Gold Mine, Victoria, Australia Updated NI 43-101 Technical Report - Apr 1, 2019 7 COMPANY PRESENTATION | June 2023 144°S Murray River (State Border) NEW SOUTH WALES 145°S 36°E VICTORIA Four Eagles Karri Ironbark Murray Basin Cover Stawell Zone Creswick ~2Moz 0 50km Ballarat ~12Moz Projection: MGA Zone 54 (GDA94) victoria 0 0 Bamganie Banksia Wandoo 144°S 00 Murray Basin Cover Fosterville 8.6Moz @ 12g/t Au Bendigo 22Moz @ 15g/t Au Melbourne Zone Bendigo Zone Steiglitz ⑦0 Falcon Tenure (Current) Falcon Tenure (Application) Falcon Prospects Goldfield/Deposit Volcanics Cover Main Au Faults Interpreted Faults Competitor Tenure Kirkland Lake S2R Catalyst JV Newmont Providence Gold Other Falcon Metals

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