Falcon Gold Corp. (TSXV:FG) entered into a definitive agreement to acquire 4,000 Hectares of Exploration Claims Located in the Inca Del Oro Mining District.

Falcon Gold Corp. (TSXV:FG) entered into a definitive agreement to acquire 4,000 Hectares of Exploration Claims Located in the Inca Del Oro Mining District on March 30, 2023. Falcon has entered into a definitive agreement to acquire 100% of the Area-51 property.

Consideration for the property and data consists of $0.01 million in cash payable within the following 30 days upon closing of the transaction as well as the issue of 0.2 million shares and 0.2 million warrants. The warrants issuance will be set at a 25% premium to market based on WAP (Weight average price). The property is subject to a 1% NSR, Falcon has the right to purchase the 1% for Falcon's 100% control and interest in the project for a one-time payment of $1.2 Million.