FG Falcon Gold Corp

Falcon Gold Corp. (TSX VENTURE:FG) is pleased to announce assay results from the
3,000 metre, 21 hole drill campaign completed 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.


The diamond drill program at the Burton Property, completed during the spring
and summer, was planned to test: 1) Targets associated with historically know
gold mineralization, 2) Targets derived from an Induced Polarization ("IP")
survey completed by Falcon Gold, and 3) Geological targets resulting from the
compilation of historical geological and exploration data. Historical diamond
drill intercepts at the Burton Property include 9.34 grams per ton ("g/t") over
an intersection length of 7.75 metres ("m") at the Shaft Zone and 9.53 g/t over
an intersection length at the East Zone. On July 27, 2011, Falcon Gold announced
the results of the first 13 holes completed in the Burton property drill
campaign that included the intersection 3.74 g/t over an intersection length of
9.96 m (including 10.98 g/t gold over 2.17 m) at the Shaft Zone. The results of
the last 8 holes completed are summarized in the table below.




----------------------------------------------------------------------------
Hole ID         From (m)       To (m)   Length (m)     Au (g/t)       Target
----------------------------------------------------------------------------
FG-11-017         132.29       132.61         0.32         2.58   IP/Geology
----------------------------------------------------------------------------
FG-11-018                  no significant assays                          IP
----------------------------------------------------------------------------
FG-11-019                  no significant assays                          IP
----------------------------------------------------------------------------
FG-11-020                  no significant assays                  Shaft Zone
----------------------------------------------------------------------------
FG-11-021           5.00         7.50         2.50         4.78   Shaft Zone
----------------------------------------------------------------------------
FG-11-022           4.70         6.60         1.90        10.30   Shaft Zone
----------------------------------------------------------------------------
FG-11-022           13.5        14.85         1.35         2.82   Shaft Zone
----------------------------------------------------------------------------
FG-11-023          33.70        34.70         1.00         2.20   Shaft Zone
----------------------------------------------------------------------------
FG-11-024           3.85        14.20        10.35         3.25   Shaft Zone
----------------------------------------------------------------------------
includes           11.35        14.20         2.85         5.65   Shaft Zone
----------------------------------------------------------------------------
                                                                            
Note: Length equals intersection length and true widths of mineralization   
are not known g/t equals grams per tonne                                    



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).


In addition to the significant assays tabulated, the drilling at the Burton
Property has intersected sheared and altered volcanic rocks with locally
anomalous gold values that include an intercept of 0.24 g/t gold over an
intersection length of 1.95 metres located at a vertical depth of approximately
200 metres and approximately 150 metres below the tested vertical limit of the
Shaft Zone.


Ed Stringer, Falcon Gold's President and CEO comments, "We are very pleased with
the significant results from our first phase diamond drilling program on the
Burton Gold Property. The results of this drilling, in conjunction with the
compilation of historical data on the Burton Gold Property, will form the basis
for further evaluation of the Shaft Zone and targeting potentially gold bearing
structures elsewhere on the property".


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 focused on
generating, acquiring, and exploring a quality pipeline of mining opportunities
in the Americas. The advanced-stage 100% owned Burton Gold 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 of FALCON GOLD CORP.

Edward Stringer President, CEO and Director

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, native issues, etc.
Forward looking statements address future events and conditions and therefor,
involve inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements.

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