Falcon Gold Corp.
TSX VENTURE : FG

Falcon Gold Corp.

April 19, 2012 14:57 ET

Falcon Gold Corp. Continues to Move Toward Previously Announced Acquisition of Templer Gold Corp. and Its Silver Bell Mine Property

SUDBURY, ONTARIO--(Marketwire - April 19, 2012) - Falcon Gold Corp. (TSX VENTURE:FG), ("Falcon" or the "Company") previously by press release dated February 29, 2012 announced that it had entered into a Letter of Intent ("LOI") with Templer Gold Corp. ("Templer"), a private British Columbia company, which through its wholly owned US subsidiary controls a 100% interest in the Washington Silver Property. The Washington Silver Property consists of the Silver Bell mining lease and 51 unpatented mining claims located in Washington State.

The Company also announced in the same press release that it was effecting a private placement financing of up to $750,000. Use of proceeds will be for working capital purposes, and a first phase exploration program on the Washington Silver Property project. The private placement is expected to close contemporaneously with the acquisition of the shares of Templer.

Falcon advises that the transactions continue to move forward expects to close on the acquisition of Templer and the private placement.

These transactions are subject to the completion of definitive agreements, Templer shareholder approval and TSX Venture Exchange approval.

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.

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.

Contact Information

  • Falcon Gold Corp.
    Timea Carlsen
    Manager, Corporate Communications
    Toronto Cell: 647-991-2473 (BIRD)
    Vancouver Cell: 778-998-2473 (BIRD)
    timea.carlsen@falcongold.ca