Vancouver, B.C., November 1, 2019. FALCON GOLD CORP. (FG: TSX-V), (3FA:GR); (“Falcon” or the “Company”) announces that it has received TSX Venture Exchange approval to settle US$40,125 in outstanding debt owed to a creditor by issuing 300,000 Common Shares valued at $0.05 per Share. The shares have been issued and the debt has now been extinguished. The shares are subject to a four-month escrow hold period expiring in March 2020.

About Falcon Gold Corp.

Falcon is a Canadian, mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Its Ontario, Canada projects include; the Central Canada gold and copper projects in Atikokan; the Bruce and Camping lake projects in Red lake; the Wabunk Bay base metal project in Red Lake and an interest in the Burton gold property located near Sudbury. Falcon also has an agreement to acquire the Esperanza gold, copper project located within the Sierra de Las Minas District, Argentina.

CONTACT INFORMATION:

Falcon Gold Corp.

Karim Rayani CEO, Director

Telephone: 604-683-1991 Email: info@falcongold.ca

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 future 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.