Fairchild Gold Corp. to Acquire Golden Arrow Gold Project in Nevada for US$5 Million

Fairchild Gold Corp. (TSX-V: FAIR) has signed a Memorandum of Understanding to acquire a 100% interest in the Golden Arrow Project, an advanced-stage gold property located along Nevada's Walker Lane Shear Zone. The US$5 million transaction, valued at approximately US$12 per ounce of gold in the ground, represents a strategic expansion for the company as it seeks to strengthen its position in the mining-friendly Nevada jurisdiction. This acquisition will expand Fairchild's total land position by 170% to 64.5 km² through the addition of both the Golden Arrow and Nevada Titan projects.

The Golden Arrow Project hosts a historic resource of 420,000 ounces of gold at an average grade of 0.75 g/t and has undergone extensive exploration totaling more than 61,000 meters of drilling. This substantial exploration history provides a solid foundation for future development and resource expansion. The project's location within Nevada's prolific mining region offers significant potential for additional discoveries and resource growth given the favorable geological setting and established mining infrastructure in the area.

Under the proposed transaction terms, Fairchild will issue 12.5 million shares, a US$3.5 million secured note, and a 0.5% NSR royalty to Emergent Metals Corp. upon completion of the deal. This structured payment approach allows Fairchild to acquire the valuable asset while managing financial commitments. As part of the transaction, Fairchild will appoint veteran mining engineer Guy Lauzier, who brings extensive experience from major mining companies including Barrick, Newmont, and Agnico Eagle, as Technical Director to advance development of the project. Additional details about the acquisition can be found at https://ibn.fm/2cZYB.

The acquisition comes at a time when gold prices remain strong and mining companies are seeking quality assets in stable jurisdictions. Nevada's established mining industry, favorable regulatory environment, and existing infrastructure make it an attractive location for gold exploration and development. The transaction structure, which values the in-ground gold at approximately US$12 per ounce, represents a competitive valuation compared to similar transactions in the mining sector. Fairchild's expanded land position now encompasses multiple projects in Nevada, creating potential operational synergies and exploration opportunities across its portfolio.

This strategic move positions Fairchild Gold Corp. as a growing player in the Nevada mining landscape with a diversified project portfolio and enhanced technical expertise. The combination of the Golden Arrow Project's established resource base with the company's existing assets creates a platform for potential future growth and development. The appointment of an experienced technical director further strengthens the company's ability to advance these projects through the development pipeline, potentially creating value for shareholders through systematic exploration and resource definition.