Falcon Gold Corp

September 12, 2011 10:11 ET

Falcon Gold Receives Final Assay Results from Phase I Drill Program at Burton Gold Property, Ontario

SUDBURY, ONTARIO--(Marketwire - Sept. 12, 2011) - Falcon Gold Corp. (TSX VENTURE:FG) is pleased to announce assay results from the 3,000 metre, 21 hole drill campaign completed at its Burton Property. The Burton Property consists of 6 patented mining claims and 16 unpatented mining claims encompassing 22 claim units (356 hectares) and is located in the Swayze Greenstone Belt, Northeastern Ontario, approximately 150 kilometres (km) south of Timmins and 180 km north of Sudbury.

The diamond drill program at the Burton Property, completed during the spring and summer, was planned to test: 1) Targets associated with historically know gold mineralization, 2) Targets derived from an Induced Polarization ("IP") survey completed by Falcon Gold, and 3) Geological targets resulting from the compilation of historical geological and exploration data. 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 9.53 g/t over an intersection length at the East Zone. On July 27, 2011, Falcon Gold announced the results of the first 13 holes completed in the Burton property drill campaign that included the intersection 3.74 g/t over an intersection length of 9.96 m (including 10.98 g/t gold over 2.17 m) at the Shaft Zone. The results of the last 8 holes completed are summarized in the table below.

Hole ID From (m) To (m) Length (m) Au (g/t) Target
FG-11-017 132.29 132.61 0.32 2.58 IP/Geology
FG-11-018 no significant assays IP
FG-11-019 no significant assays IP
FG-11-020 no significant assays Shaft Zone
FG-11-021 5.00 7.50 2.50 4.78 Shaft Zone
FG-11-022 4.70 6.60 1.90 10.30 Shaft Zone
FG-11-022 13.5 14.85 1.35 2.82 Shaft Zone
FG-11-023 33.70 34.70 1.00 2.20 Shaft Zone
FG-11-024 3.85 14.20 10.35 3.25 Shaft Zone
includes 11.35 14.20 2.85 5.65 Shaft Zone
Note: Length equals intersection length and true widths of mineralization are not known g/t equals grams per tonne

The Burton Property is located in the Swayze Greenstone Belt of Northeastern Ontario which is the target of a number of active exploration programs. The Burton property is located approximately 38 km northwest of the Cote Lake Deposit of Trelawney Mining and Exploration Inc. which has an inferred resource of 4.22 M oz Au (131 M tonnes @ 1.00 g/t)¹ and is approximately 8 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 and has an inferred resource of 1.03 M oz Au (18.7 million tonnes averaging 1.7 g/t)3.

In addition to the significant assays tabulated, the drilling at the Burton Property has intersected sheared and altered volcanic rocks with locally anomalous gold values that include an intercept of 0.24 g/t gold over an intersection length of 1.95 metres located at a vertical depth of approximately 200 metres and approximately 150 metres below the tested vertical limit of the Shaft Zone.

Ed Stringer, Falcon Gold's President and CEO comments, "We are very pleased with the significant results from our first phase diamond drilling program on the Burton Gold Property. The results of this drilling, in conjunction with the compilation of historical data on the Burton Gold Property, will form the basis for further evaluation of the Shaft Zone and targeting potentially gold bearing structures elsewhere on the property".

Sampling and QA/QC

Diamond drill core is logged by qualified geological staff on site at the Burton Property. Upon completion of geological and geotechnical logging, the core for sampling and assaying is transported by Company personnel to the Falcon Gold offices in Sudbury Ontario. The core is cut using a diamond saw. One half of the sample is bagged with a sample identification tag. The remaining half sample is returned to the core box with the corresponding sample tag and is archived, in a secure facility, in Sudbury. Samples are delivered by Company personnel to Agat Laboratories in Sudbury.

Upon receipt at Agat Laboratories, the samples are dried, weighed and are crushed to 90% passing 2 mm. A 250 gram riffle split of the crushed sample is pulverized to 85% passing 75 microns. Au concentration is determined on all samples from a 30 gram split of the pulverized sample by Fire Assay with Atomic Absorption finish. All samples with an Au concentration greater than 5 grams per tonne are re-assayed using Fire Assay with a Gravimetric finish.

Falcon Gold uses quality assurance and quality control ("QA/QC") procedures that include the analyses and evaluation of Certified Reference Materials and blank samples as well as the routine analysis of duplicate samples.

Qualified Person

Jamie Lavigne, P.Geo, Vice President of Exploration, and Director of Falcon Gold supervised the diamond drilling exploration program at the Burton Property, is responsible for the verification and quality assurance of the Burton property exploration data, and has reviewed and verified the contents of this news release.

Sources of information referenced in this news release include: 1) Trelawney Mining and Exploration Inc. press release dated March 7, 2011, 2) Ministry of Northern Development and Mines, Ontario, and 3) Augen Gold Corp. press release dated July 18, 2011.

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. The advanced-stage 100% owned Burton Gold 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 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 of 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.

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