FALCON CLOSES $180,000 PRIVATE PLACEMENT

Vancouver, B.C., June 17, 2021. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTC PINKS); (“Falcon” or the “Company”) has closed its non-brokered private placement previously announced earlier today (The “Offering”). The company has received a total of $180,000.

The company will issue 1,500,000 units at a purchase price of $0.12. Each Unit is priced at $0.12 and will consist of one Falcon common share and one non-transferable warrant.  Each Warrant will entitle the holder to purchase a new common share at a price of $0.20 for a 36 month term following the acceptance date. The shares and warrants are subject to a four-month hold (as per TSX Venture Exchange policy).

Proceeds of the private placement will be used for exploration activities and general working capital.

A Finders’ fees in the amount of $11,700 will be paid in connection with the offering. The Finders’ fee and terms of the Private Placement offering are subject to TSX Venture Exchange approval.

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 Mine, is approximately 20 km south east of Agnico Eagle’s Hammond Reef Gold Deposit.

The Company holds 5 additional projects.  The Camping Lake Gold property and the Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property near Sudbury Ontario; and in BC, the Spitfire-Sunny Boy Gold Claims and the Gaspard property.

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