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FG.V ·

Falcon Announces $250,000 Private Placement; Receives Approval FOR Pricing Waiver

Financings

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NEWS RELEASE

FALCON ANNOUNCES $250,000 PRIVATE PLACEMENT; RECEIVES

APPROVAL FOR PRICING WAIVER

Vancouver, B.C., December 05 , 2017. FALCON GOLD CORP. (FG: TSX -V) (“Falcon” or the “Company”)

announces the Company has received approval from the TSX Ven ture Exchange for a pricing waiver to

enable it to proceed with a non-brokered private placement for up to $ 250,000 priced at $.0 4/Unit.

Each Unit consist s of one common share and one 2 -year common share purchase warrant exercisable

for 2 years and priced at $.05 for the first 12 months and $0.08 for the second 12 months.

The Company contemplates that various exemptions will be utilized pursuant to this financing and it

may rely upon the suitability advice exemption (B.C. Instrument 45 -536) as well as the existing

shareholder exemption (CSA notice 45-313) which allows for an investment of up to $15,000 within a ny

12-month period. There is no material fact or material change that has not been generally disclosed.

Closing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-

month hold period. Proceeds from this financing shall be used by the Company as follows:

Audit and legal fees - $35,000; Accounting-$12,000; geological services- $45,000; rent, office overhead -

$28,000; shareholder and investor communications -$18,000; travel -$22,500; management and

administration- $30,000; regulatory filing fees -$9500; property maintenance and fieldwork -$41,000;

misc.- $9,000.

The Company will not proceed with the $0.05/Unit financing announced October 10, 2017.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring

opportunities in the Americas. For information on the Company, please visit our website:

www.falcongold.ca.

CONTACT INFORMATION

Falcon Gold Corp.

David Tafel

Chairman

Stephen Wilkinson

CEO & Director

Telephone: 604-683-1991

Email: [email protected]

FALCON GOLD CORP.

520- 470 Granville St.

Vancouver, BC V6C1V5

+1 604-683-1991

+1 604 683-8544

www.falcongold.ca

[email protected]

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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 lo oking 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 Servic es Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.