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Falcon Secures Drill Contractor for Central Canada Project

Apr 14, 2020

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2020) - FALCON GOLD CORP. (TSXV: FG) (FSE: 3FA) ("Falcon" or "the Company") is pleased to announce that it has secured a diamond drill contractor for the company's initial phase of 2020 exploration. The drill program will focus on 1,000 meters of drilling along the Central Canada Mineralized Structure previously identified by Terra-X Minerals (2012) in which surface samples returned values of up to 39.6 g/t gold.

Gold mineralization can be traced across the Central Canada structure with more recent drilling by Interquest Resources Corp. intersecting over 1 meter @ approximately 30 g/t gold in diamond drill core and 23.3 meters @ 0.83 g/t gold and 10.61m @ 1.32 g/t gold in 2012 by Terra-X Minerals. Trenching work in 2011 indicated significant gold mineralization to the south of the historic Sapawe Gold Mine, where the operator sampled up to 6.7 g/t gold along a strongly mineralized shear zone.

Gold prospects in the Central Canada Project are typically associated with metavolcanics and felsic intrusive rocks which are cross-cut by quartz-porphyry dykes and sills with later-stage quartz veining. Economic mineralization has been observed in highly mineralized shear zones and quartz veins.

The largest nearby deposit discovered to date is represented by the Sapawe Gold Mine which milled 33,013 tonnes of ore (producing 4,547oz gold & 1,315 oz silver) with an unclassified resource of 528,614 tonnes @ 0.31 oz/t gold calculated by Sapawe Gold Mines Ltd. in 1995. Significant gold mineralization has also been identified in the halo of the original Sapawe Mine of up to 24 g/t.

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