Falcon’s Chief Executive Officer, Issues Corporate Update Letter

VANCOUVER, BC / ACCESSWIRE / January 7, 2022 / FALCON GOLD CORP. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to announce a corporate update letter to shareholders in an address from its Chief Executive Officer Karim Rayani.

Dear Shareholders:

As a new year begins, I would like to share some of our successes over the past year and objectives for the ensuing year. With the world scale pandemic continuing its attack on the globe, it can be sometimes hard to discern the clear road ahead. Despite all that is happening, my commitment remains the same to our Company since the first day I signed on as Chief Executive Officer. My focus is and always has been on creating shareholder value, and it will be no different as we embark on a new year. I'm very pleased with Falcon's progress during 2021, we have a clear roadmap going into 2022 and we are committed to continuing that success.

Central Canada Project

We continue to make great progress at the historic Central Canada gold mine trend in the developing Atikokan camp. This flagship project lies just 20 kms southeast of Agnico Eagles Hammond Reef Deposit which hosts a measured resource of 3.32 million ounces of gold.

Falcon has completed two successful rounds of drilling that complement and validate the historic workings as we work towards our main goal of delineating a resource. In addition to the extensive mapping and sampling of outcrop exposures of the Central Canada mine trend, Falcon has received the reinterpretation of the 2021 heliborne high-resolution magnetic and time-domain electromagnetic survey utilizing artificial intelligent (AI) computer analyses. This type of AI system is an evolving and promising application that may be capable of identifying areas of complex folding and faulting and could accelerate the process of deciphering and modelling the complex structural setting of the property.

Through our past year exploration efforts, we are now pleased to report that the Central Canada Mine trend has been extended to a strike length of over 140m. This mine trend includes the historical J.J. Walshe Shaft. Detailed mapping and sampling across the property also resulted in new discoveries of the Sugar Shear, Monte, Honey, and Hoist Zones. The Sugar Shear returned grab sample results up to 23 g/t Au and has been traced on surface for over 360m and presents a previously undocumented target of high merit for future exploration efforts (Figure 1).

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