FG Falcon Gold Corp

Falcon Gold Corp. (TSX VENTURE: FG) is pleased to announce assay results from the first 13 holes from the recently completed 3,000 metre, 21 hole drilling campaign at its Burton Property. The Burton Property consists of 6 patented mining claims and 16 unpatented mining claims encompassing 22 claim units (356 hectares) and is located in the Swayze Greenstone Belt, Northeastern Ontario, approximately 150 kilometres (km) south of Timmins and 180 km north of Sudbury.

Previous diamond drilling on the Burton Property has intersected gold mineralization at the Shaft Zone, which has been the primary focus of historical exploration, and at the East Zone. The East Zone is interpreted to be located within the same structural zone as the Shaft Zone approximately 450 metres to the east-southeast of the Shaft Zone.

During the fall and winter of 2010/2011 Falcon Gold completed a compilation of historical surface exploration and diamond drilling on the Burton property and commissioned an Induced Polarization Geophysical ("IP") survey over a targeted part of the property. The recently completed diamond drilling program was initiated in May and was designed to test: 1) Targets in and peripheral to the Shaft and East Zones, 2) Chargeability anomalies derived from the IP survey, and 3) Geological targets resulting from the compilation of historical geological and exploration data.

The results of the first 13 holes completed are summarized in the table below.

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Hole ID             From (m)      To (m)  Length (m)    Au (g/t)      Target
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FG-11-001              14.78       24.74        9.96        3.74  Shaft Zone
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incl.                  15.77        20.5        4.73        6.43
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incl.                  16.73        18.9        2.17       10.98
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FG-11-002                     no significant assays               Shaft Zone
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FG-11-003               58.7          64         5.3        0.57   East Zone
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incl.                   60.7       62.05        1.35        1.15
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FG-11-004               94.5       97.72        3.22        0.82   East Zone
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incl.                  96.46       96.99        0.53        1.95
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FG-11-005             120.86      122.36         1.5        4.01     Geology
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FG-11-006              275.2       276.1         0.9        0.97     Geology
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FG-11-007                     no significant assays                  Geology
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FG-11-008              113.5       115.4         1.9        3.02     Geology
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FG-11-009                          not drilled
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FG-11-010                          not drilled
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FG-11-011                          not drilled
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FG-11-012                     no significant assays                       IP
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FG-11-013                     no significant assays                       IP
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FG-11-014                     no significant assays                       IP
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FG-11-015                     no significant assays                       IP
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FG-11-016                     no significant assays                       IP
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Notes:    Length equals intersection length and true widths of
          mineralization are not known g/t equals grams per tonne
          Holes not drilled were planned but not drilled due to current
          access. These holes can be drilled during the winter months

The Burton Property is located in the Swayze Greenstone Belt of Northeastern Ontario which is the target of a number of active exploration programs. The Burton property is located approximately 38 km northwest of the Cote Lake Deposit of Trelawney Mining and Exploration Inc. which has an inferred resource of 4.22 M oz Au (131 M tonnes @ 1.00 g/t)(1) and is approximately 8 km northwest of the past producing Jerome Gold Mine which produced 56,878 ounces gold from 1941 to 1943 (303,966 tonnes @ 6.72 g/t)(2) and has an inferred resource of 1.03 M oz Au (18.7 million tonnes averaging 1.7 g/t)(3).

"We are pleased with these initial results from the Burton Property," said Ed Stringer, Falcon Gold President and CEO. "These results and the pending assays from the balance of the drill program will be integrated into the historical compilation and a strategy for continued evaluation of the property will be formulated. The IP chargeability anomalies that we drill tested, consisted of disseminated sulphides but unfortunately are not gold bearing."

Sampling and QA/QC

Diamond drill core is logged by qualified geological staff on site at the Burton Property. Upon completion of geological and geotechnical logging, the core for sampling and assaying is transported by Company personnel to the Falcon Gold offices in Sudbury Ontario. The core is cut using a diamond saw. One half of the sample is bagged with a sample identification tag. The remaining half sample is returned to the core box with the corresponding sample tag and is archived, in a secure facility, in Sudbury. Samples are delivered by Company personnel to Agat Laboratories in Sudbury.

Upon receipt at Agat Laboratories, the samples are dried, weighed and are crushed to 90% passing 2 mm. A 250 gram riffle split of the crushed sample is pulverized to 85% passing 75 microns. Au concentration is determined on all samples from a 30 gram split of the pulverized sample by Fire Assay with Atomic Absorption finish. All samples with an Au concentration greater than 5 grams per tonne are re-assayed using Fire Assay with a Gravimetric finish.

Falcon Gold uses quality assurance and quality control ("QA/QC") procedures that include the analyses and evaluation of Certified Reference Materials and blank samples as well as the routine analysis of duplicate samples.

Qualified Person

Jamie Lavigne, P.Geo, Vice President of Exploration, and Director of Falcon Gold supervised the diamond drilling exploration program at the Burton Property, is responsible for the verification and quality assurance of the Burton property exploration data, and has reviewed and verified the contents of this news release.

Sources of information referenced in this news release include: 1) Trelawney Mining and Exploration Inc. press release dated March 7, 2011, 2) Ministry of Northern Development and Mines, Ontario, and 3) Augen Gold Corp. press release dated July 18, 2011

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focussed on gold projects in Canada. Its flagship project - the advanced-stage 100% owned Burton Property - is located in the Abitibi Greenstone/Swayze Extension Gold Belt which hosts the world-class mining centres of Kirkland Lake, Timmins, and Val d'Or and is situated approximately 8 km west of Augen Gold's Jerome Mine deposit and 38 km west of Trelawney Mining's Cote Lake deposit.

On Behalf of the Board of Directors

FALCON GOLD CORP.

Edward Stringer, President, CEO and Director

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.

Contacts: Falcon Gold Corp. Timea Carlsen Manager, Corporate Communications 778-998-2473 (BIRD) timea.carlsen@falcongold.ca