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FG.V ·

Falcon Announces Appointment of New CFO

Management Changes

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NEWS RELEASE FG: TSX-V

3FA: GR

FGLDF: OTCQB

FALCON ANNOUNCES APPOINTMENT OF NEW CFO

March 1st, 2023, Vancouver, B.C. – Falcon Gold Corp. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); ("Falcon"

or the “Company”) is pleased to report the appointment of Mr. Brian Crawford as its Chief Financial Officer

effective immediately. Mr. Crawford replaces Geoff Balderson.

Mr. Crawford is a chartered profess ional accountant (CPA) and has extensive experience as a senior

financial executive in both public and private accounting. He was formerly a partner with national firm of

Chartered Professional Accountants and has been a director, CFO, and founder of several in connection

with founding companies listed on the TSX Venture and Canadian Securities Exchanges.

About Falcon Gold Corp.

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

opportunities in the Americas. Falcon’s flagship project, the Central Canada Gold Mine, is approximately

20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit which has currently estimated 3.32 million

ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reser ves, and 2.3 million ounces of

measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond

Reef gold property lies on the Hammond shear zone, which is a northeast -trending splay off the Quetico

Fault Zone (“QFZ”) and may be the control for the gold deposit. The Central Gold property lies on a similar

major northeast-trending splay of the QFZ.

The Company holds 14 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located

in La Rioja Province, Argentina; The Viernes Gold/Silver/Copper project in Antofagasta Chile; The

Springpole West Property in the world -renowned Red Lake mining camp; a 49% interest in the Burton

Gold property with Iamgold near Sudbury Ontario; in B.C., the Spitfire -Sunny Boy, Gaspard Gold claims;

the Great Burnt, Gander North/South, Valentine Gold South, Victoria West, and Golden Brook acquisitions

adjacent to First Mining, Matador, Benton-Sokoman’s JV, and Marvel Discovery in Central Newfoundland;

and most recently Battery Metals projects in Ontario and Quebec, The Timmins West and Outarde

Property.

CONTACT INFORMATION:

Falcon Gold Corp.

“Karim Rayani”

FALCON GOLD CORP.

Suite 1903 -808 Nelson Street

Vancouver, BC, V6Z 2H1

VANCOUVER TEL: (604) 670-0019

TORONTO TEL: (416) 477-1220

www.falcongold.ca

[email protected]

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Karim Rayani

Chief Executive Officer, Director

Telephone: (604) 716-0551

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.

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.