Falcon Gold Corp. — Capital/Financing Update 2021

Aug 10, 2021

FALCON GOLD CORP. 110 – 175 Victory Ship Way North Vancouver, BC, V7L 0B2

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VANCOUVER TEL: (604) 670-0019 TORONTO TEL: (416) 477-1220

www.falcongold.ca info@falcongold.ca

NEWS RELEASE

FG: TSX-V 3FA: GR FGLDF: OTC PINKS

FALCON GRANTS INCENTIVE STOCK OPTIONS

Vancouver, B.C., August 5, 2021. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTC PINKS); ("Falcon" or the “Company") announces that the board of directors, in compliance with the company's stock option plan, has granted 1,800,000 incentive stock options exercisable for up to 5 years at a price of $ 0.10 cents a unit to directors, officers, and consultants of the company.

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.

CONTACT INFORMATION:

Falcon Gold Corp.

“Karim Rayani”

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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