Fairchild Adopts Semi-Annual Financial Reporting

Rhea-AI Summary

Fairchild Gold Corp (OTCQB: FCHDF) will move from quarterly to semi-annual financial reporting under Coordinated Blanket Order 51-933.

Fairchild will not file interim reports for Q1 (ending Jan 31, 2026) and Q3 (ending Jul 31, 2026). Annual audited statements remain due within 120 days of Oct 31, 2026; six-month interim reports due within 60 days of Apr 30, 2026.

The company says it meets eligibility criteria, including annual revenues under $10 million and a clean 12-month continuous disclosure record.

Positive

• Reduces interim reporting burden by exempting Q1 and Q3 interim filings
• Maintains audited annual statements due within 120 days of fiscal year end
• Retains six-month interim report requirement due within 60 days of April 30, 2026

Negative

• Less frequent interim disclosure could reduce near-term transparency for investors
• Quarterly financial detail for Q1 and Q3 will not be available under SAR

Vancouver, British Columbia and Las Vegas, Nevada--(Newsfile Corp. - March 30, 2026) - Fairchild Gold Corp. (TSXV: FAIR) (FSE: Y4Y) (OTCQB: FCHDF) ("Fairchild" or the "Company"), announces that it has elected to rely on Coordinated Blanket Order 51-933 and move to semi-annual financial reporting ("SAR").

Coordinated Blanket Order 51-93 allows eligible venture issuers listed on the TSX Venture Exchange (the "TSXV") to voluntarily move from a quarterly to a semi-annual financial reporting framework. Fairchild's fiscal year ends on October 31. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management's Discussion & Analysis (MD&A) for its first and third quarters:

• Interim Period: The Company will not file an interim report for the first quarter (Q1) ending January 31, 2026 and the third quarter (Q3) ending July 31, 2026; and
• Ongoing Reporting: Fairchild will continue to file audited annual financial statements (due within 120 days of October 31, 2026) and six-month interim financial reports (due within 60 days of April 30, 2026).

Fairchild confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record.

This news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

On behalf of the Board of Directors

Nikolas Perrault, CFA
Executive Chairman
Fairchild Gold Corp.
info@fairchildgold.com; nikolas@fairchildgold.com
(866) 497-0284
www.fairchildgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website, https://fairchildgold.com/. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290586

FAQ

What change did Fairchild (FCHDF) announce on March 31, 2026 about reporting frequency?

Fairchild elected to adopt semi-annual reporting, dropping quarterly interim filings for Q1 and Q3. According to the company, this uses Coordinated Blanket Order 51-933 and applies because it meets the pilot eligibility criteria.

Which interim reports will Fairchild (FCHDF) stop filing in 2026 under SAR?

Fairchild will not file interim reports for Q1 ending January 31, 2026 and Q3 ending July 31, 2026. According to the company, those interim filings are exempt under the SAR pilot program.

When will Fairchild (FCHDF) file its audited annual and six-month reports after changing to SAR?

Fairchild will file audited annual statements within 120 days of October 31, 2026 and six-month interim reports within 60 days of April 30, 2026. According to the company, those deadlines remain in force.

Why is Fairchild (FCHDF) eligible to move to semi-annual reporting under Order 51-933?

Fairchild says it meets eligibility by being a venture issuer with annual revenues under $10 million and a clean 12-month continuous disclosure record. According to the company, these are the pilot criteria.

How might Fairchild's (FCHDF) move to SAR affect investors' access to financial information?

Investors will receive fewer interim updates because Q1 and Q3 interim reports are exempted under SAR. According to the company, six-month and annual filings remain, preserving key periodic disclosures.