Falcon Gold Grants Options

FALCON GOLD CORP. 3171 Kingsway, Unit 1 Sudbury, ON, Canada P3B 2G5

(705) 524-3777

www.falcongold.ca [email protected]

FALCON GOLD GRANTS OPTIONS

Sudbury, ON. July 17, 2012. (FG: TSX-V). Falcon Gold Corp. (“Falcon Gold” or “the Company”) announces that in compliance with the Company’s Stock Option plan, the Board of Directors has granted 1,500,000 options exercisable for 5 years at $0.15 to certain directors, officers and consultants of the Company.

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on generating, acquiring, and exploring a quality pipeline of mining opportunities in the Americas.

On Behalf of the Board of Directors

FALCON GOLD CORP.

“Edward Stringer”

Edward Stringer President, CEO and Director

For Further Information:

Timea Carlsen Manager, Corporate Communications [email protected] Toronto Cell: 647-991-2473 (BIRD)

Vancouver Cell: 778-998-2473 (BIRD)

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 therefor, 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.