FALCON GOLD CORP - FGLDF STOCK NEWS

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.

Falcon Gold Corp. has completed a technical report on the Esperanza Gold Project in Argentina, covering 10,303 hectares. High-grade gold mineralization was first discovered in the late 19th century, with significant historical data pointing to promising results, including assays of up to 50.12 g/t Au. A spin-out of its Argentina Gold Asset to Latamark Resources Corp. is underway but contingent on several conditions including regulatory approvals and market conditions. The project remains accessible and continues to show potential for gold exploration.

Falcon Gold Corp (TSXV:FG)(FRA:3FA)(OTCQB:FGLDF) has expanded its Gaspard Property land position in British Columbia from 3,955 hectares to 7,969 hectares. This area is geopolitically significant, covering geology similar to the Spences Bridge Gold Belt, home to prominent gold projects. Recent heavy mineral concentrate results indicate gold anomalies extend over 5km. CEO Karim Rayani emphasizes the potential of the newly acquired land. Falcon has chosen not to pursue an option agreement for the McCaul Hutchinson property in Ontario.

Falcon Gold Corp. (FGLDF) announces a Phase III drill program for March 2022 on its Central Canada Gold Project in Ontario, following 26 completed diamond drill holes. This phase will include 3 holes, totaling around 1,000m, targeting depths of 200 to 300m to extend gold zones beyond 160m. Previous highlights include gold assays of 1.35 g/t Au over 4.1m and 1.57 g/t Au over 14.8m. CEO Karim Rayani expressed eagerness to explore deeper, potentially uncovering high-grade domains.

Falcon Gold Corp. (TSXV:FG)(FRA:3FA)(OTCQB:FGLDF) reported promising results from its 2022 field program on the Gaspard Gold Claims in central BC. Stream sediment samples revealed gold grades of 0.236 g/t, 1.097 g/t, and 0.525 g/t Au, indicating a potential gold source across a 5 km anomaly. The Gaspard Property spans 3,955 hectares in the Clinton Mining District, showcasing geology similar to other productive areas. CEO Karim Rayani expressed excitement about the results and plans for further exploration in 2022.

Falcon Gold Corp (FGLDF) announced the appointment of Michelle Suzuki to its board of directors, bringing over 25 years of experience in publishing and media relations. Previously associated with Stockhouse.com, Suzuki has managed investor communication campaigns for numerous prominent companies across various sectors. CEO Karim Rayani expressed enthusiasm about her joining, highlighting her extensive industry experience. The announcement also includes the resignation of John Bossio from the board, with Suzuki filling the resulting vacancy, potentially signaling a strategic shift in Falcon's governance.

Falcon Gold Corp. has received final approval from TSX Venture to proceed with its acquisition of the Viernes project in Chile, located 122 km southeast of Antofagasta City. The project spans 3,300 hectares and is adjacent to Yamana Gold's El-Peñón mine. Falcon plans to invest US $250,000 over four years, providing share payments totaling 500,000 shares and warrants. Upon completion, Falcon will hold an 80% interest and can acquire the remaining 20% for US $1.5 million. The region is known for its rich mineral endowment, including significant copper and gold resources.