Vancouver, B.C., August 14, 2020. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTC); (“Falcon” or the “Company”) is pleased to report it has received final TSX Venture approval on the Bruce Lake assignment with Portofino Resources Inc.  Portofino has issued 650,000 common shares to Falcon under the assignment agreement dated June 20th2020.  Falcon retains a 0.5% Net Smelter Royalty on the Bruce Lake project.

Furthermore, 13,926,000 warrants have been exercised since May 6th, 2020 for total proceeds of $818,800.

Karim Rayani Chief Executive Officer states:   “I am very pleased with the progress Falcon has made in a short period of time,  Falcon is seeing great results from its Ontario and B.C projects and we are laying the frame work for further  equity holdings and a portfolio of  Net Smelter Royalties (NSR).

Falcon Current Equity Holdings:

PORTOFINO RESOURCES CORP.$0.20650,000$130,000

About Falcon Gold Corp. & the Central Canada Gold Mine Project

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 Mine, 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 additional projects.  The Camping Lake Gold property in the world-renowned Red Lake mining camp, a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario, and the Spitfire and Sunny Boy Gold Claims near Merritt, B.C.


Falcon Gold Corp.
“Karim Rayani”
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551

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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