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Falcon Announces Additional Extension of Private Placement

Financings

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NEWS RELEASE FG: TSX-V

3FA: GR

FGLDF: OTCQB

FALCON ANNOUNCES ADDITIONAL EXTENSION OF PRIVATE PLACEMENT

Vancouver, BC, January 19, 2024 FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the

“Company”) announces that, further to its news releases dated October 17, 2023, November 9, 2023 and

December 20, 2023, it has extended the closing date of its non -brokered private placement of up to

10,000,000 units (“Units”) at $0.03 per Unit for gross proceeds of up to $300,00 0 (the “Private

Placement”).

The Company now expects to close the Private Placement on or before February 18, 2024, subject to final

acceptance of the TSX Venture Exchange. The terms of the Private Placement remain the same as

previously announced.

CONTACT INFORMATION:

Falcon Gold Corp.

“Karim Rayani”

Karim Rayani

Chief Executive Officer, Director

Telephone: (604) 716-1036

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 futur e events and conditions and therefore, involve inherent risks and uncertainties.

Actual results may differ materially from those currently anticipated in such 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 futur e 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 1100 – 1111 Melville St.

Vancouver, BC, V6E 3V6

VANCOUVER TEL: (604) 716-1036

TORONTO TEL: (416) 477-1220

www.falcongold.ca

[email protected]