Falcon Gold Extends Payment Terms for Fenton Property

Falcon Gold (TSX VENTURE:FG) is pleased to announce the extension of payment
terms with respect to its Fenton Property. The option agreement dated September
6, 2011 originally announced in a press release on September 7, 2011 under which
Falcon Gold can earn up to a 100% interest in the Fenton Property called for a
cash payment and the issuance of shares and warrants of Falcon Gold on the first
anniversary and the second anniversary of the option agreement.


Falcon Gold has negotiated an extension of the payment terms so that the cash
payment, issuance of shares and warrants of Falcon Gold will now occur on the
second anniversary and the third anniversary of the date of the option
agreement. As consideration for the extension of payment terms, Falcon Gold will
issue to the optionor 25,000 common shares of Falcon Gold


The transaction is subject to TSXV approval.

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focussed 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