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Falcon Gold Corp & Int. Montoro Mobilize To The Camping Lake Property, Red Lake District

Corporate Updates

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NEWS RELEASE FG: TSX-V

Falcon Gold Corp & Int. Montoro Mobilize To The Camping Lake Property, Red

Lake District

Vancouver, B.C., February 19, 2020. FALCON GOLD CORP. (FG: TSX-V) (“Falcon” or the “Company”)

reports its joint venture partner, International Montoro Resources, has secured an exploration crew to

mobilize on its Camping Lake property.

The Camping Lake pro perty is located along the Pakwash / Longlegged Fault deformation zone and is

approximately 20 kilometers south of Great Bear’s Dixie Project and 8 kilometers south of BTU Metals

Corp’s TNT basemetals Target.

The first phase of the Camping Lake 2020 explor ation program consists of approximately 20 -line

kilometers (“km”) of ground VLF/EM geophysics and soil geochemistry surveys. The program’s objective

is to delineate mineralized structures related to past gold and base metal discoveries in the region and

outline targets for follow-up trenching and drilling.

The 2,200 -hectare Camping Lake property is contained within the Birch -Uchi-Confederation Lake

greenstone belt, which hosts the world-renowned Red Lake gold deposits and includes the Dixie project,

currently being drilled by Great Bear Resources Ltd. (“GBR”). GBR has recently reported exciting drill

results with mineralized intersections commonly returning bonanza gold grades in association with coarse

visible gold grains. Most recently GBR reported drill hole BR-068 intersecting 10.58 grams per tonne gold

over 21.00 metres, including 48.98 g/t gold over 3.25 metres (see February 13, 2020 news release for

further highlights of current results). BTU Metals Corp (“BTU”) has also recently announced additional

drilling on their TNT-target following up on prior work which boasts significant intercepts of mineralization

including an assay highlight of 44.3 m of 1.14% CuEq with intervals containing as much as 5.56% Cu, 99.6

g/t Ag, and 2 g/t Au.

From 2010 to 2013, the Camping Lake property area was subjected to work programs completed by

Laurentian Goldfields Ltd. which included: petrographic studies; diamond drilling, rock, soil and sediment

samples; along with airborne and ground geophysics. Various anomalies wer e identified in the

aforementioned programs including gold and zinc anomalies which are present along a significant >1 km

highly magnetic trend through the northern portion of the property. This trend represents the initial target

area for the 2020 winter work program.

Qualified Person

The technical content of this news release has been reviewed and approved by Mr. Alex Pleson, P. Geo.,

who is a Qualified Person as defined by National Instrument 43 -101, Standards of Disclosure for Mineral

Projects.

FALCON GOLD CORP.

1100 – 1111 Melville St

Vancouver, BC, V6E 3V6

+1 604-683-1991

www.falcongold.ca

[email protected]

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About Falcon Gold Corp.

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

opportunities in the Americas. Its Ontario, Canada, projects include the Central Canada gold and copper

projects in Atikokan, the Wabunk Bay gold/base metals project in Red Lake, Bruce and Camping Lake gold

projects in Red Lake, and a 49 -per-cent interest in the Burton gold property with Iamgold located near

Sudbury, Ont.

CONTACT INFORMATION:

Falcon Gold Corp.

Karim Rayani

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 looking statements address future events and conditions and therefore,

involve inherent risks and uncertainties. Actual results may differ materially f rom 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.