Vancouver, B.C., June 26, 2020. FALCON GOLD CORP. (FG:TSX-V), (3FA:GR); (“Falcon” or “the Company“) will proceed with a private placement financing for up to $400,000 at a price of $0.08 per common unit.  Each unit will consist of one common share and one purchase warrant at an exercise price of $0.12 for a term of 36 months following the acceptance date. Proceeds will be used for further exploration activities on its Central Canada Gold project and general working capital.

Closing will be subject to TSX Exchange approval, and any shares issued will be subject to a four-month hold period under TSX Venture policy.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas.  Falcon’s flagship project the Central Canada gold project is approximately 20 km south east of Agnico Eagle’s Hammond Reef Gold Deposit which has Measured & Indicated estimated resources of 208 million tonnes containing 4.5 million ounces of gold.  The Hammond Reef gold property lies on the Hammond fault which is a splay off of the Quetico Fault Zone (“QFZ”) and may be the control for the gold deposit.  The Central Gold property lies on a similar major splay of the QFZ.  History of Central Canada gold mine includes;

CONTACT INFORMATION:
Falcon Gold Corp.

Karim Rayani
CEO, Director

Telephone: (604) 716-0551
Email: info@falcongold.ca

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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

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