Falcon Gold Corp. announced the company has received assay results from the late spring, early summer 2023 exploration program conducted over the Moose Mountain project located in Southern Newfoundland. The project covers the eastern portion of the Golden Brook Property, and is located approximately 140 kilometers south of Deer Lake.

Samples from the first pass reconnaissance program have identified multiple anomalies from rock samples, including: Copper-anomaly; Anomalous Gold-Arsenic; Multiple Tungsten and Molybdenite anomalies; Multiple Critical and Rare Element anomalies including Antimony, Beryllium, Cerium, Lanthanum, Lithium, Niobium, Tantalum, Vanadium and Zirconium. Prospecting surveys were completed by the company in late May and early June 2023 over predetermined target locations within the largely unexplored Moose Mountain project, as part of the company's second quarter 2023 Reconnaissance Program. In Springdale, Newfoundland, an ISO 17025 Certified Analytical Testing Facility, for 34 Element ICP Analysis, and 4 Element ICP-OES analysis that includes Li, Nb, Sn and Ta.

Sample collection included float, chip and grab samples from locations deemed of interest by the in-field personnel. Preliminary results from the Moose Mountain project have identified anomalous results for multiple critical and rare earth metals, and the highlights from this sampling include the following: 22.1% of results deemed anomalous for Lithium, with highest Lithium returning 215ppm; 20.8% of results deemed anomalous For Lanthanum, with highest Lanthanum returning 98ppm; 34.2% of results deemed anomalousfor Cerium, with highest Cerium returning 149ppm; 10.7% of results deemed anomalous to Tantalum, with highest Tantalum returning 123ppm; 9.4% of results deemed anomalous in the public domain from the areas in which the samples were collected. The newly identified anomalies are under further review by the company to better determine their significance, and to develop an exploration program for further follow up.specting surveys were completed by the Company in late May and early June 2020 over predetermined target locations within the relatively unexplored Moose Mountain project, As part of the company's Second Quarter 2023 Reconnaissance Program.