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FG.V ·

Falcon Issues Shares FOR Debt

Share Capital & Compensation

1 | P a g e

NEWS RELEASE FG: TSX-V

FALCON ISSUES SHARES FOR DEBT

Vancouver, B.C., November 1 , 2019. FALCON GOLD CORP. (FG: TSX -V), (3FA:GR) ; ("Falcon" or the

"Company") announces that it has received TSX Venture Exchange approval to settle US$40,125 in

outstanding debt owed to a creditor by issuing 300,000 Common Shares valued at $0. 05 per Share. The

shares have been issued and the debt has now been extinguished. The shares are subject to a four-month

escrow hold period expiring in March 2020.

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 Bruce and Camping lake projects in Red lake; the Wabunk Bay base metal project

in Red Lake and an interest in the Burton gold property located near Sudbury. Falcon also has an

agreement to acquire the Esperanza gold, copper project located within the Sierra de Las Minas District,

Argentina.

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 p rograms, 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.

FALCON GOLD CORP.

Suite 520 – 470 Granville Street

Vancouver, BC, V6C 1V5

TEL: (604) 683-1991

FAX: (604) 683-8544

www.falcongold.ca

[email protected]