Falcon Gold Corp.

Falcon Gold Corp.

July 15, 2011 15:00 ET

Falcon Gold Engages Investor Relations Consultant

SUDBURY, ONTARIO--(Marketwire - July 15, 2011) - Falcon Gold Corp. (TSX VENTURE:FG) is pleased to announce the engagement of Ticar Consulting Corp. ("Ticar") to provide strategic corporate communications and investor relations services for the Company. Ticar will focus on raising Falcon Gold's profile in the investment community as well as assisting with the Company's financing objectives. Ticar was engaged on July 1, 2011 for a monthly fee of $5,000 and 100,000 incentive stock options for professional services for an initial period of 6 months, with a provision for one year extension upon the agreement of both parties.

The corporate communications and investor relations services will be conducted by Ms. Timea Carlsen, the founder and President of Ticar Consulting, who has more than fifteen years of experience in the investment industry. Ms. Carlsen previously worked as a registered representative at Canaccord Capital in Vancouver and Yorkton Securities in Toronto and has several years experience providing corporate communications, investor relations, as well as contributing to corporate development and capital raising initiatives to publicly-traded companies in the resource sector. Additionally, she recently held the position of CEO and Director of a Vancouver-based uranium company.

"I am very pleased to announce the engagement of Ticar Consulting and the addition of Timea to the Falcon Gold team," said Ed Stringer, President & CEO of Falcon Gold. "Timea's extensive investment industry experience and communications expertise will greatly enhance our visibility in the marketplace and within her vast network. Timea's financial contacts in North America and internationally make her a valuable asset to our team. I look forward to working with Timea as Falcon Gold continues to advance the Burton Property and adds to its project portfolio."

Neither Ticar Consulting nor Timea Carlsen holds any interest, directly or indirectly, in Falcon Gold Corp., or any right to acquire such an interest. This agreement is subject to acceptance by the TSX Venture Exchange.

The Company also announces that, in accordance with the Company's Stock Option Plan, it has granted to certain consultants incentive stock options to purchase up to 50,000 common shares in addition to the 100,000 incentive stock options granted to Ticar Consulting, exercisable on or before July 13, 2016 at a price of $0.20 per share.

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on gold projects in Canada. Its flagship project – the advanced-stage 100% owned Burton 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 about 38 kms west of Trelawney Mining's Cote Lake deposit.

On Behalf of the Board of Directors,


Edward Stringer, President, CEO and Director

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.

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