Falcon Gold Drills 511.57 g/t Silver and 0.83 g/t Gold Over 9.14 Metres at Silver Bell

Falcon Gold Corp. (TSX VENTURE:FG) ("Falcon Gold" or "the Company") is pleased
to announce it has received partial diamond drill hole assay results from its
summer exploration program at its 100% owned Washington Silver project. A
highlight of the results to date is an intersection of 511.57 grams per tonne
(g/t) Silver (Ag) (16.45 ounces per ton) and 0.83 g/t Gold (Au), over an
intersection length of 9.14 metres (m) (30 feet) contained within a 36.5m
intersection of 167g/t Ag in hole SB12-01.


Falcon Gold has completed a summer exploration program on the Washington Silver
Property that included property wide geological mapping and sampling, detailed
geological mapping and sampling in the Silver Bell open pit, and diamond
drilling in the area of the Silver Bell open pit. The results of sampling in the
Silver Bell pit previously released (August 23, 2012) include a grab sample
containing 2700 g/t Ag and 5.58 g/t Au. The results reported here include assays
from 3 diamond drill holes completed at the Silver Bell pit as well as the
results of outcrop mapping and sampling. Collectively, the Silver Bell and the
mapped altered and brecciated volcanic rocks with associated mineralization form
a potential trend of mineralization approximately 1.5 km long.


Diamond Drilling

Falcon Gold recently completed 678 m (2224 ft) of drilling in 6 holes in the
area of the Silver Bell pit. Assay results from the first 3 holes have been
received and significant intersections are contained in the table below. Assays
from the remaining holes will be reported when received.




TABLE OF SIGNIFICANT INTERCEPTS, SILVER BELL OPEN PIT DRILLING

                 From       To   Length   Length       Au       Ag       Ag
Hole ID           (ft)     (ft)     (ft)      (m)    (gpt)    (gpt)    (opt)
---------------------------------------------------------------------------
SB12-01             0      120      120    36.58     0.28   167.15     5.37
  includes         75      105       30     9.14     0.83   511.57    16.45
SB12-02             5       40       35    10.67     0.31   121.01     3.89
SB12-02             5       25       20      6.1     0.03   203.18     6.53
SB12-02           180      250       70    21.33     0.03    15.84     0.51
  includes        225      250       25     7.62     0.06    24.63     0.79
SB12-02           340      345        5     1.52     0.38      135     4.34
SB12-03           250      260       10     3.05     0.04       20     0.64

Note: True widths of mineralization are not known.



Rock types found in the Silver Bell pit, and intersected in the Silver Bell
drilling, consist of tuffaceous felsic volcanic. They range from weakly to
strongly silicified and host quartz stockworks, quartz+sulphide stockworks, and
zones of well developed hydrothermal breccia. Mineralization is hosted by
silicified quartz+sulphide stock work rocks and the best developed Silver-Gold
mineralization occurs within strongly silicified and sulphide mineralized
breccia.


Geological Mapping and Outcrop Sampling

Falcon also completed an initial property wide geological mapping program which
identified outcrops of strongly altered and locally strongly brecciated volcanic
rocks. Grab samples of outcrops returned assay grades up to 559 g/t Ag and 0.90
g/t Au (map can be viewed here: http://www.falcongold.ca/i/maps/testopen.jpg).
The three highest grade samples collected form a north-northeast oriented trend
projecting north-northeast from the Silver Bell Pit.


The orientation of the potential 1.5km long trend of mineralization is
consistent with regional and property scale structural trends. Preliminary
interpretation based on the drilling and other observations is a plunge of
mineralization to the north-northwest within the north-northeast trending
corridor.


The Washington Silver Project

The Washington Silver property encompasses approximately 880 acres, consisting
of the Silver Bell Mining Lease (80 acres) and adjacent exploration claims (800
acres), and is located in the Ferry and Okanogan Counties in north central
Washington State, approximately 14 kilometres (km) northwest of the town of
Republic and 50 km south of the Canada-USA border.


The district has been an active precious metal mining region for over 100 years.
A number of past producing silver and gold mines collectively represent an
Epithermal Ag-Au district which extends from Northern Washington into British
Columbia. Hecla Mining operated the Knob Hill Mine near Republic, which produced
an estimated 2.4 million ounces of gold before closing, and current projects in
the region include Midway Gold's Golden Eagle deposit (discovered by Hecla
Mining in 1988) and Kinross Gold Corporation's Buckhorn Gold deposit and K1/K2
deposit. Kinross' 1,800 tpd capacity Kettle River Mill is located approximately
8 km from the Washington Silver Property. Silver was first discovered in the
area of the Washington Silver Property in 1897 and the property has had a
sporadic production history including 1907, 1940, and 1980-1983. During the
period 1980-1983 production came from the Silver Bell Open Pit located on the
Silver Bell Mining Lease. The property contains a number of Au and Ag showings
consisting of veins, vein stocks works, and siliceous breccias consistent with
the district style of epithermal mineralization.


Qualified Person

Jamie Lavigne, P.Geo., Vice President Exploration and Director of Falcon Gold
supervised the diamond drilling and geological mapping programs on the
Washington Silver Property and has reviewed and approved the technical contents
in this press release.


Analytical and QA/QC

Assays were completed at ALS Minerals in Reno, Nevada. All samples received are
crushed to 70% of the sample less than 2mm diameter. A 1 kg split of the crushed
sample is pulverized to 85% less than 75 microns. Gold is analyzed by Fire Assay
on a 30 gram split of the pulverized sample with an AAS finish (ALS method
Au-AA23). Silver is analyzed by a multi-acid digestion followed by hydrochloric
acid leach and AAS analysis (ALS method Ag-AA61). Samples with Silver
concentrations greater than 5 g/t were re-analyzed using fire assay on a 30 gram
split followed by gravimetric finish (ALS method Ag-GRA21). QA and QC measures
implemented by Falcon Gold include the use of Certified Reference Materials,
sample blanks, and analyses at a check laboratory.


About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on
generating, acquiring, and exploring quality 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, 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.


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