Congratulations to Emma Le Ster for her appointment to the Falcon Energy Materials Board of Directors. Emma's Board appointment is the 116th for ACE Graduates. She earned her CDI.D designation from Corporate Directors International, having completed the Board Certification Program at ACE LLC.

ACE LLC Announces the Board Appointment of ACE Graduate, Emma Le Ster to the Falcon Energy Materials Board of Directors.

Abu Dhabi, United Arab Emirates, October 7, 2024 –Falcon Energy Materials plc (TSX-V: FLCN) (“ Falcon” or the “Company”) is pleased to announce the appointment of Mrs. Emma Le Ster to the Company’s Board of Directors (the “Board”) effective today. Additionally. the Company has accepted the resignation of Mr. Olivier Colom from the Board also effective today.

“On behalf of the Board, I would like to express our gratitude to Olivier for his insightful contributions and the meaningful impact he has made at Falcon since his appointment” said Mr. Benoit La Salle, Chairman of Falcon.

“We are pleased to welcome Emma to the Board of Directors” commented Mr. Matthieu Bos, President and CEO. “Emma’s extensive knowledge in the financial and mining sectors will bring valuable new perspectives, and we believe her appointment further strengthens our Board.”

About Falcon Energy Materials

Falcon is focused on developing the Lola Graphite Project located in the Republic of Guinea, West Africa. The Lola Graphite Project has Proven and Probable Reserves of 42Mt at a grade of 4.2% Cg. Falcon aims to develop a fully integrated source of battery anode material to supply the European lithium-ion and fuel cell markets. With attractive operating costs, proximity to European end-markets and strong ESG credentials, the Company is poised to become a reliable supplier while promoting sustainability and supply chain transparency. Falcon is committed to generating sustainable, long-term benefits that are shared with the host countries and communities where it operates.

For additional information, please visit Falcon’s website at www.falconem.net.

Matthieu Bos

President & CEO

Email: m.bos@falconem.net

Matt Johnston

Corporate Development Advisor

Email: m.johnston@falconem.net

Office: +1(604) 443-3835

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

About Emma:

Emma is an accomplished mining finance expert with experience developing financing solutions and deploying equity worldwide. Currently managing more than $250m in projects and $550m financing instruments under the La Mancha $1.5 billion investment umbrella including mining, metals and royalty companies & projects across gold and battery metals. Currently serving on the Board of SRG Mining as observer for La Mancha. Participated in strategic review and funding options review of the ~$600m Horizonte nickel project including serving on the Board as an Observer for La Mancha. Developed tailored financing solutions at Société Générale for resource juniors and majors, funds and streamers on projects in emerging and mature economies, across the commodity spectrum. Strong credentials in gold and battery minerals. Lived and worked on 3 continents. Fluent in English and French. Master of Science in Finance with specialization in mining and strategy.

Congratulations Falcon Energy Materials for appointing Emma Le Ster to your board. We know she will bring value and serve the board, company and stakeholders well.

Emma has her board certification from Corporate Directors International LLC, USA. Her designation, CDI.D, recognizes her as a qualified corporate board candidate for a public or private board.