Pinks Falcon Appoints New Chief Financial Officer

FALCON GOLD CORP. 11^th Floor – 1111 Melville Street Vancouver, BC, V6E 3V6

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

www.falcongold.ca [email protected]

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

FALCON APPOINTS NEW CHIEF FINANCIAL OFFICER

Vancouver, B.C., November 04, 2020. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTC PINKS); ("Falcon" or the “Company") is pleased to announce the appointment of Mr. Geoff Balderson as Chief Financial Officer for the Company. Mr. Balderson has over 20 years of capital markets experience having worked in both public and private practice. Mr. Balderson is a senior officer and director of several TSX Venture listed companies and currently runs a private consulting practice Harmony Corporate Services Ltd., providing corporate advisory, accounting, filing and secretarial services to a multitude of publicly traded companies. Prior to his years in private business, Mr. Balderson was an investment advisor at Union Securities and Georgia Pacific Securities and is a University of British Columbia graduate in Marketing and Sales Management.

Mr. Balderson replaces Miss. Sandey Wang as Chief Financial Officer, the company wishes her well in her future endeavors.

About Falcon Gold Corp., The Central Canada Gold Mine Project, and Jack Lake Trend

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;

included 1,829 m of drilling and a vertical shaft to a depth of 45 m with about 42 m of crosscuts and drifts on the 100 m level. In December, 1934 the mine had reportedly outlined approximately 230,000 ounces of gold with an average grade of 9.9 g/t Au.

• 1935 – With the on-going financial crisis of the Great Depression, the Central Canada Mines was unable to fund operations and the mine ceased operations.

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In addition, the Company acquired by staking an additional 7,477 ha of mineral claims consisting of 369 units immediately south and northwest of Agnico Eagle Mines Ltd.’s Hammond Reef property.

The Company also holds 4 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; the Spitfire-Sunny Boy Gold Claims near Merritt, B.C.; and most recently, the Springpole West Property near Red Lake, Ontario.

CONTACT INFORMATION:

Falcon Gold Corp.

“Karim Rayani”

Karim Rayani Chief Executive Officer, Director Telephone: (604) 716-0551 Email: [email protected]

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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