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FG.V ·

Falcon Closes Private Placement

Financings

NEWS RELEASE

FALCON CLOSES PRIVATE PLACEMENT

Vancouver, B.C., December 28, 2017. FALCON GOLD CORP. (FG: TSX -V) (“Falcon” or the

“Company”) reports that it has closed its previously announced non -brokered private placement

and issued 6,250,000 Units for gross proceeds of $ 250,000. Each Unit is priced at $0.04 and

consists of one common share and one 2-year common purchase warrant. Each warrant will be

exercisable for one common share at $0. 05 for the first year and at $0.08 for the second year

following the closing. The shares will be subject to a 4 month hold period expiring in April 2018.

Finders fees of $9,700 and broker warrants of 386,500 have been paid.

Proceeds from this financing shall be used by the Company as follows: Audit and legal fee s-

$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 fi eldwork-

$41,000; misc.- $9,000.

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]

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.

FALCON GOLD CORP.

520- 470 Granville St.

Vancouver, BC V6C1V5

(604) 683-1991

www.falcongold.ca

[email protected]