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FG.V ·

Falcon Announces Warrant Repricing and Extension

Share Capital & Compensation

1 | P a g e

NEWS RELEASE FG: TSX-V

3FA: GR

FGLDF: OTCQB

FALCON ANNOUNCES WARRANT REPRICING AND EXTENSION

Vancouver, BC, December 29 , 2023 . FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF:

OTCQB); (the “Company”) announces that the Company intends to reprice and extend the expiry

date of a total of 6,666,665 share purchase warrants exercisable at $0. 20 per common share

expiring on January 14, 2024 (the "Warrants"). The Warrants were issued pursuant to a private

placement which closed on January 14, 2021. The Company proposes to reprice the Warrants to

$0.12 per share and extend the expiry date by an additional two years to January 14, 2026.

All other terms and conditions of the Warrants remain unchanged. The extension 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 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]