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Falcon Provides Update on Burton Property
SUDBURY, ONTARIO--(Marketwire - March 27, 2013) - Falcon Gold Corp. (TSX VENTURE:FG) ("Falcon" or the "Company") announces that Trelawney Mining and Exploration ("Trelawney"), wholly owned by IAMGOLD Corporation ("IAMGOLD"), have completed $600,000 in exploration expenditures (Phase 1) and having completed all other obligations pursuant to the option agreement have earned a 51% interest in the Burton Gold Property ("Property"). Under the terms of the earn-in option agreement between Trelawney and Falcon, IAMGOLD may earn an additional 24% interest in the Property by incurring an additional $600,000 in exploration expenditures on the Property on or before February 16, 2014 (Phase 2).
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