Falcon Gold Corp. Announces Increase in Amount of Private Placement

Falcon Gold Corp. (TSX VENTURE:FG), ("Falcon" or the "Company") previously by
press release dated April 19, 2012 announced that it was effecting a private
placement financing of up to $750,000 in connection with its acquisition of the
shares of Templer Gold Corp. which through its wholly owned US subsidiary
controls a 100% interest the Washington Silver Property.


The Company advises that the private placement has been increased in that the
gross proceeds of the private placement will be up to $850,000. The private
placement consists of up to 8,500,000 units at a price per unit of $0.10. Each
unit consists of one common share of the Company and one-half of one share
purchase warrant. Each whole warrant will be exercisable into one common share
at a price of $0.17 for a period of 24 months from the closing of the financing
transaction.


Falcon will use the proceeds for working capital purposes and a first phase
exploration program on the Washington Silver Property project.


The private placement is expected to close in May 2012.

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.

Falcon Gold (TSXV:FG)
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