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FG.V ·

Falcon Closes Third Tranche of Private Placement

Financings

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NEWS RELEASE FG: TSX-V

3FA: GR

FGLDF: OTCQB

FALCON CLOSES THIRD TRANCHE OF PRIVATE PLACEMENT

Vancouver, BC, July 1 8, 2024 FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF: OTCQB); (the

“Company”) announces that it has closed the third tranche of its previously announced non -brokered

private placement (the “Private Placement”) through the issuance of 600,000 flow-through shares of the

Company (the “FT Shares”) at $0.05 per FT Share for gross proceeds of $30,000 (the “Third Tranche”). The

gross proceeds from the Third Tranche will be used for the exploration and development of the Company's

British Columbia, Ontario, Newfoundland, and Quebec projects to incur Canadian Exploration Expenses

(CEE) and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada).

All securities issued pursuant to the Third Tranche will be subject to a statutory hold period in accordance

with applicable Canadian securities laws. The Private Placement is subject to final acceptance of the TSX

Venture Exchange.

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]