Falcon Gold Announces Commencement of Work Under Trelawney Option Agreement and Provides Clarification of Finders Fee for Tem...

Falcon Gold Corp. (TSX VENTURE:FG), ("Falcon" or the "Company") is pleased to
announce the commencement of work on the Burton Gold Property in connection with
Phase 1 of the Option Agreement with Trelawney Mining and Exploration Inc. (TSX
VENTURE:TRR) ("Trelawney") previously announced on February 22, 2012, and to
provide clarification regarding the finder's fee with respect to the acquisition
of Templer Gold Corp. ("Templer") as originally announced on February 29, 2012.


Commencement of Work on Burton Property

Falcon Gold has begun line cutting which will be followed-up with an I.P. survey
and a soil sampling survey over the entire property. It is anticipated that
these surveys will take approximately two to three months to complete and will
be followed by diamond drilling of selected targets identified. Upon the
completion of the diamond drilling program, Falcon Gold will have fulfilled its
Phase 1 responsibilities under the Burton Gold Property option agreement with
Trelawney.


About The Burton Property

The Burton Gold Property is located in the Swayze Greenstone Belt, Northeastern
Ontario, approximately 150 kilometres (km) south of Timmins and 180 km north of
Sudbury. The property is well-positioned in a very actively explored geological
belt and is approximately 38 kms northwest of Trelawney's Cote Lake Deposit
which has an indicated resource of 35 million tonnes averaging 0.82 g/t for
contained gold of 0.93 million ounces and an inferred resource of 204 million
tonnes averaging 0.91 g/t for 5.94 million ounces of contained gold(1) and The
Property is also located approximately 10 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).


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 12.47 g/t over an intersection length of 3.13 metres at the East Zone.
Diamond drilling completed by Falcon Gold during 2011 included 3.74 g/t Au over
an intersection length of 9.96 m (including 10.98 g/t Au over 2.17 m) and 3.25
g/t Au over an intersection length of 10.35 m (including 5.65 g/t Au over 2.85
m) at the Shaft Zone (Press Releases of July 27/2011 and September 12/2011.)


The Burton Gold Property is road accessible and consists of 6 patented mining
claims and 16 unpatented mining claims encompassing 22 claim units (356
hectares) located in Esther Township, Porcupine Mining Division, Ontario.




(1) Data from Trelawney Mining and Exploration Inc. press release dated     
February 24, 2012                                                           
(2) Data from Ontario Ministry of Northern Development and Mines, 1988      



Qualified Person and NI 43-101 Disclosure

Jamie Lavigne, P.Geo. VP Exploration and Director for Falcon Gold is the
Qualified Person, as defined in National Instrument 43-101, who has reviewed and
approved this press release and is responsible for the technical information
reported herein.


Finders Fee for Templer Gold Corp.

The Company will pay a finder's fee with respect to the acquisition of the
shares of Templer. The finder's fee is payable to an individual, complies with
the policies of the TSXV, and will be satisfied by the Company issuing 379,239
common shares to the individual at the date of closing of the transaction.


About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on
generating, acquiring, and exploring mining opportunities in the Americas.


On Behalf of the Board of Directors

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.