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FG.V ·

Falcon Announces Correction to Warrant Amendment

Share Capital & Compensation

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NEWS RELEASE FG: TSX-V

3FA: GR

FGLDF: OTCQB

FALCON ANNOUNCES CORRECTION TO WARRANT AMENDMENT

Vancouver, BC, October 6, 2023. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB);

(the “Company”) announces that, further to its news release dated September 19, 2023, the

Company wishes to correct the proposed amendment of a total of 2,058,500 share purchase

warrants exercisable at $0.25 per common share expiring on October 9, 2023 (the “Warrants”). The

Company previously announced that it intended to reprice the Warrants to $0.10 per share, the

correct amended exercise price is $0.11 per share. The Warrants will also be extended by an

additional two years to October 9, 2025. All other details in the news release dated September

19, 2023 remain the same. The amendment of the Warrants is subject to acceptance by the TSX

Venture Exchange.

CONTACT INFORMATION:

Falcon Gold Corp.

“Karim Rayani”

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.

This news release may contain forward looking statements including but not limited t o 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. Act ual 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]