Falcon has closed a first tranche of the previously announced $600,000 private placement for gross proceeds of $191,225 and issued 2,549,666 Units 
priced at $0.075 per Unit. Each Unit is one common share and 1/2 warrant, priced at $0.10 per share for the first 12 months or at a price of $0.20 per share for the 12 months thereafter.
Proceeds from this financing will be used for exploration and development work on the New York Canyon project and for general corporate purposes.