Falcon Gold Approves Shareholder Rights Plan

FALCON GOLD CORP. 3171 Kingsway, Unit 1 Sudbury, ON, Canada P3B 2G5 (705) 524-3777 www.falcongold.ca [email protected]

FALCON GOLD APPROVES SHAREHOLDER RIGHTS PLAN

Sudbury, ON. October 1, 2012. (FG: TSX-V). The board of directors of Falcon Gold Corp. (“FG”) has approved a shareholder rights plan (“SRP”), to be placed before the shareholders for their consideration, and if thought appropriate, approval, at the next shareholder meeting. The SRP will enable the board to efficiently act in the best interests of FG’s shareholders in the event of an unexpected third party corporate action. The adoption of the SRP will allow the board sufficient time to properly respond to such action, and would allow each shareholder time to fully consider such event.

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focussed on generating, acquiring, and exploring 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 [email protected] 778-998-2473

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.