Mr. Karim Rayani reports

FALCON ANNOUNCES WARRANT REPRICING AND EXTENSION

Falcon Gold Corp. intends to reprice and extend the expiry date of a total of 6,666,665 share purchase warrants exercisable at 20 cents per common share expiring on Jan. 14, 2024. The warrants were issued pursuant to a private placement which closed on Jan. 14, 2021. The company proposes to reprice the warrants to 12 cents per share and extend the expiry date by an additional two years to Jan. 14, 2026.

All other terms and conditions of the warrants remain unchanged. The extension of the warrants is subject to acceptance by the TSX Venture Exchange.

We seek Safe Harbor.