Falcon Gold Corp. announced a non-brokered private placement of up to 9,000,000 flow-through shares at an issue price of CAD 0.05 per share for the gross proceeds of CAD 450,000 and 1,200,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 60,000; aggregate gross proceeds of CAD 510,000 on April 30, 2024. Each unit consists of one non-flow through share and one transferrable share purchase warrant.

Each warrant entitles the holder thereof to acquire an additional common share at an exercise price of CAD 0.07 per warrant share for a period of three years. Finders' fees may be paid in connection with the private placement. All securities issued pursuant to the private placement will be subject to a statutory hold period in accordance with applicable Canadian securities laws.

The private placement is subject to approval of the TSX Venture Exchange.