Vancouver, B.C., July 8, 2020. FALCON GOLD CORP. (FG:TSX-V), (3FA:GR); (“Falcon” or “the Company“) announces that it has fully subscribed its non brokered private placement announced June 26th 2020. The company has received a total of $460,000 in subscriptions.

The company will issue 5,750,000 units with each unit consisting of one common share at a price of $0.08 and one transferable share purchase warrant at deemed price of $0.12 per share. Each warrant has a term of 36 months following the acceptance date. This financing is subject to TSX Venture Exchange approval.

Proceeds will be used for further exploration activities on its Central Canada Gold project and general working capital.

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;

The Company also holds 3 gold focused projects in Red Lake; the Bruce and Camping lake projects, and the Wabunk Bay base metal project. Falcon also owns a 49% interest in the Burton gold property with Iamgold near Sudbury, and the Spitfire and Sunny Boy Gold Claims, Merritt, B.C.

CONTACT INFORMATION:

Falcon Gold Corp.
Karim Rayani
Chief Executive Officer, 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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