Falcon Mourns the Passing of R. Stuart "Tookie" Angus an Advisor to the Company

Rhea-AI Summary

Falcon Gold Corp. announced the passing of R. Stuart "Tookie" Angus, a respected business advisor and significant shareholder. Tookie served as a strategic advisor to the company since early 2019, bringing extensive experience from his legal and mining career, including past roles at Fasken, Endeavour Financial, and various mining companies. Falcon Gold, focused on mineral exploration in the Americas, holds several projects including the Central Canada Gold Mine, located near a significant gold deposit. CEO Karim Rayani expressed deep condolences for Tookie’s loss, emphasizing his invaluable contributions and legacy.

Positive

• Tookie Angus was a significant shareholder and strategic advisor since 2019.
• Falcon Gold Corp. has a diversified portfolio including the Central Canada Gold Mine, enhancing its market position.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / March 29, 2023 / Falcon Gold Corp. (TSX-V:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") announces the passing of R. Stuart "Tookie" Angus. A highly respected business advisor to the mining industry, Tookie was a significant shareholder and served as a strategic advisor to the Company since early 2019.

Mr. Angus's extensive legal and mining career included leading Fasken's global mining group and serving as managing director of mergers and acquisitions for Endeavour Financial. He was also previously chairman of the board of B.C. Sugar Refinery Ltd., a director of First Quantum Minerals Ltd., a director of Canico Resource Corp. until its takeover by Brazil's CVRD in 2005, a director of Bema Gold Corp. until its takeover by Kinross Gold Corp. in 2007, a director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011 and a director of Plutonic Power Corp. until its merger with Magma Energy Corp. in 2011. He resigned as chair of Nevsun Resources Ltd. following its acquisition of Reservoir Minerals in 2017.

Karim Rayani, Chief Executive Officer, commented, "It was an honor to work with Tookie, his counsel and business acumen will be long missed. We mourn his loss and extend our deepest condolences and prayers to his family. The legacy he leaves behind will always be remembered".

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 14 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina; The Viernes Gold/Silver/Copper project in Antofagasta Chile; The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; the Great Burnt, Gander North/South, Valentine Gold South, Victoria West, and Golden Brook acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland; and most recently Battery Metals projects in Ontario and Quebec, The Timmins West and Outarde Property.

CONTACT INFORMATION:

Falcon Gold Corp.
"Karim Rayani"
Karim Rayani
Chief Executive Officer, Director

Telephone: (604) 716-0551
Email: k@r7.capital

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.

SOURCE: Falcon Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/746507/Falcon-Mourns-the-Passing-of-R-Stuart-Tookie-Angus-an-Advisor-to-the-Company

FAQ

What is the significance of Tookie Angus to Falcon Gold Corp.?

Tookie Angus was a significant shareholder and strategic advisor to Falcon Gold Corp. since early 2019, providing valuable industry insight.

What projects does Falcon Gold Corp. operate?

Falcon Gold Corp. operates several projects, including the Central Canada Gold Mine and 14 additional mineral exploration projects across the Americas.

What was Tookie Angus's role in the mining industry?

Tookie Angus had a prominent career in the mining industry, advising and holding significant positions at various mining companies.

How does the passing of Tookie Angus affect Falcon Gold Corp.?

The passing of Tookie Angus is a loss for Falcon Gold Corp. as he was a key strategic advisor and a respected figure in the mining sector.