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FG.V ·

Falcon Grants Incentive Stock Options and Rsus

Share Capital & Compensation

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NEWS RELEASE FG: TSX-V

3FA: GR

FGLDF: OTCQB

FALCON GRANTS INCENTIVE STOCK OPTIONS AND RSUs

Vancouver, B.C., September 15th, 2023. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB);

(the “Company”) announces that pursuant to its security -based compensation plan , the Company has

granted to directors, officers, and consultants of the Company incentive stock options to acquire up to

3,000,000 common shares of the Company at an exercise price of $0.05 per share for period of five years

from the date of grant . In addition, the Company has granted a total of 2,000,000 restricted share units

(“RSUs”) to certain directors and officers which hold a 3-year vesting period. Each RSU entitles the holder

to acquire one common share of the Company or a cash payment equal to the equivalent of one common

share on vesting.

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]