Falcon Gold Signs Option Agreement on Fenton Property

Falcon Gold Corp. (TSX VENTURE:FG) is pleased to announce the signing of an
Option Agreement ("Agreement") whereby Falcon can acquire a 100% interest in the
Fenton Twp. Property from Joseph Bardswich ("Bardswich"). The Fenton Property is
located in Fenton Township, within the Porcupine Mining Division, Ontario, and
consists of 2 unpatented claims (32 claim units). The Fenton Twp. Property is
accessible by road, and is situated near the town of Kapuskasing on the Trans-
Canada Highway (Highway 11).


Under the terms of the Agreement, Falcon may earn a 100% interest in the Fenton
Property by making cash payments to Bardswich of $25,000 on signing of the
Agreement, $50,000 on the first anniversary of the signing of the Agreement, and
$75,000 on the second anniversary of the signing of the Agreement. In addition
Falcon will issue to Bardswich 150,000 common shares of Falcon and 150,000
warrants with an exercise price of $0.20 effective on the date of signing of the
Agreement, 200,000 common shares of Falcon and 200,000 warrants with an exercise
price equal to 110% of the average trading price of Falcon shares for the ten
days prior to exercise of the warrants, on the first anniversary of the signing
of the Agreement, and issue to Bardswich 300,000 common shares of Falcon and
300,000 warrants with an exercise price equal to 110% of the average trading
price of Falcon shares for the ten days prior to exercise of the warrants. All
warrants are for a period of 12 months from the date of issue and are subject to
an acceleration clause in the event the closing trading price of Falcon common
shares is equal to or greater than 150% of the exercise price for a period of
twenty consecutive days.


The Agreement to acquire a 100% interest in the Fenton Property is subject to a
2.5% NSR of which Falcon may buy-back 50% or 1.25% at any time for $1,000,000.


The issuance of common shares and warrants of Falcon is subject to approval by
the TSX Venture Exchange


Falcon must incur sufficient exploration expenditures to maintain the property
in good standing with the Ministry of Northern Development, Mines and Forestry.
The cost of maintaining this property in good standing would be $12,800. per
year.


The Ontario Geological Survey, (OGS) carried out a soil sampling program in the
area during the 1990s that identified the property as possibly hosting VMS type
mineralization. Limited work by BRC Development Corp. in 2000 / 2001 identified
Copper mineralization on the property but did not do a recommended follow up
program. Falcon Gold has acquired the property as an early stage exploration
project with the potential to host a VMS type Copper/Gold deposit. A planned
exploration program will commence on the property in the near future.


Qualified Person

Jamie Lavigne, P.Geo, Vice President of Exploration and Director of Falcon Gold
is the Qualified Person under National Instrument 43-101 who has reviewed and
verified the technical contents of this news release. Mr. Lavigne has not yet
visited the Fenton Twp. Property.


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. It's flagship property is the 100% owned Burton Gold Property
which 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

This press release contains forward-looking statements and forward-looking
information (collectively, "forward looking statements") within the meaning of
applicable Canadian and United States securities laws. All statements, other
than statements of historical fact, included herein, including statements
regarding the anticipated content, commencement, duration and cost of
exploration programs, anticipated exploration program results, the discovery and
delineation of mineral deposits/resources/reserves, the timing of the receipt of
assay results, and business and financing plans and trends, are forward-looking
statements. Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and similar
expressions or are those which, by their nature, refer to future events.
Although the Company believes that such statements are reasonable, there can be
no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
statements. The Company cautions investors that any forward- looking statements
by the Company are not guarantees of future performance, and that actual results
may differ materially from those in forward-looking statements. Important
factors that could cause actual events and results to differ materially from the
Company's expectations include those related to weather, equipment and staff
availability; performance of third parties; risks related to the exploration
stage of the Company's projects; market fluctuations in prices for securities of
exploration stage companies and in commodity prices; and uncertainties about the
availability of additional financing; risks related to the Company's ability to
identify one or more economic deposits on the properties, and variations in the
nature, quality and quantity of any mineral deposits that may be located on the
properties; risks related to the Company's ability to obtain any necessary
permits, consents or authorizations required for its activities on the
properties; and risks related to the Company's ability to produce minerals from
the properties successfully or profitably. Trading in the securities of the
Company should be considered highly speculative. All of the Company's public
disclosure filings may be accessed via www.sedar.com and readers are urged to
review these materials, including the latest technical reports filed with
respect to the Company's mineral properties.


This news release may contain information with respect to adjacent or similar
mineral properties in respect of which the Company has no interest or rights to
explore or mine. Readers are cautioned that the Company has no interest in or
right to acquire any interest in any such properties, and that mineral deposits
on adjacent or similar properties are not indicative of mineral deposits on the
Company's properties. This press release is not, and is not to be construed in
any way as, an offer to buy or sell securities in the United States.
Falcon Gold (TSXV:FG)
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