FALCON GOLD CORP - FGLDF STOCK NEWS

Falcon Gold Corp. has released a corporate update, highlighting progress in its mineral exploration ventures. The company holds over 140,000 hectares in Central Newfoundland, positioning it among the top 8% of landholders. Key developments include the Gander North project and the acquisition of the Viernes project in Chile, which is adjacent to a major gold-silver mine. A plan to spin out the Esperanza Gold project into a subsidiary aims to optimize shareholder value. The AGM is set for August 10, 2022.

Falcon Gold Corp. (FGLDF) has announced the acquisition of two battery metals projects in Ontario and Quebec: the Timmins West and Outarde Nickel Project. The Timmins West project includes 5 mining claims over 1,940 hectares, featuring documented nickel-copper-cobalt mineralization. The Outarde property consists of 93 claims covering 5,138 hectares and showcases significant Ni-Cu-Co assays. The acquisition aims to strengthen Falcon's portfolio amid rising demand for green metals, with a cash purchase of $22,500 and share issuances involved per project, alongside a 1% NSR retained by the vendors.

Falcon Gold Corp (OTCQB:FGLDF) has mobilized ground crews for the Gander North Project, marking the start of its first exploration phase, which includes prospecting and soil sampling. The project spans 10,150 hectares and is strategically located near other high-potential mineral claims. Recent soil sampling by nearby Gander Gold returned significant results including 1,432 parts per billion gold. Additionally, Falcon is proceeding with a spin-out of its Latin American subsidiary, Latamark Resources, pending shareholder approval in August 2022, allowing shareholders to receive shares in the new entity.

Falcon Gold Corp. has completed the option requirements for a 100% interest in the Central Canada project in Ontario, fulfilling its 4-year cash and exploration commitments. The company can also purchase half of the 2% NSR for $1 million. While ongoing exploration in Newfoundland is progressing, delays in the Central Canada project have arisen due to increased water levels causing access issues. Furthermore, Falcon holds several other mineral exploration projects across the Americas.

Falcon Gold Corp. announces plans for a spin-out transaction of its Esperanza Project rights into a wholly-owned subsidiary, Latamark Resources Corp. The arrangement, requiring shareholder approval in July 2022, allows Falcon Gold shareholders to receive one common share of Latamark for every 3.5 shares of Falcon Gold held. The move aims to enhance shareholder value by enabling Latamark to focus on its Argentine mineral claims. The company's management believes this strategy will facilitate expansion in South America while preserving Falcon Gold's capitalization.

Falcon Gold Corp. has appointed Glayton Dias as Exploration Manager for its operations in British Columbia and South America. With 12 years of experience, Dias has previously managed projects in notable mining regions, including the Spences Bridge Gold Belt. His expertise in high-grade epithermal and porphyry copper-gold geology will enhance Falcon's operations at their Spitfire-Sunny Boy and Gaspard projects. Falcon Gold continues to focus on generating and exploring mineral opportunities across the Americas, with a flagship project near Agnico Eagle's Hammond Reef Gold Deposit.

Falcon Gold Corp. has announced the acquisition of the Victoria West Property, encompassing 166 claims over 4,150 hectares, located 40 km west of the Valentine gold deposit in Newfoundland. This acquisition positions Falcon strategically adjacent to Marvel Discovery Corp. and Benton Resources. Notable historical sampling from nearby areas indicated high-grade gold and silver concentrations, with grades reaching up to 106.4 g/t Au. Falcon plans to initiate magnetic surveys to further assess the mineral potential of the new property.

Falcon Gold Corp. (FGLDF) announced an increase in its Phase III drill program at the Central Canada Mine Project from 1,000 meters to 2,000 meters due to drill contractor delays. The company has filed an additional drill permit targeting the J.J. Walshe mine trend, with recent samples yielding gold grades up to 79.7 g/t. Since 2020, Falcon has completed 17 diamond drill holes totaling 2,942.5 meters. The upcoming drilling aims to extend the known gold-bearing zones and explore the Monte Zone and No. 2 Vein.

Falcon Gold Corp. has acquired a large land position in the Valentine Lake South Area, comprising 605 claims over 15,300 hectares. This strategic acquisition is adjacent to key players like Marvel Discovery Corp and Matador Mining, and lies near the Valentine gold deposit with 6.8 million ounces of gold. The company plans to initiate high-resolution magnetic surveys pending exploration permit approvals. CEO Karim Rayani emphasized the significance of the location near major gold deposits, positioning Falcon for potential growth in Newfoundland's gold sector.