FG Falcon Gold Corp

Chesstown Capital Inc. (TSX VENTURE: FG) reports that pursuant to the Annual and Special Shareholder Meeting, which was held at the Company's corporate office in Burlington ON, on July 15, 2011, shareholders have voted in favour of all management resolutions proposed in the Management Information Circular including the approval of the Company's Stock Option Plan, the name change of the Corporation to Falcon Gold Corp., the election of directors and the approval of Grant Thornton LLP as the Company's auditors. The five members elected to the Board of Directors include: Edward Stringer, President & CEO, Brian Crawford, CFO, Jamie Lavigne, VP Exploration, David Beilhartz, and Peter Clausi.

About Chesstown Capital Inc.

Chesstown Capital Inc. is a Canadian mineral exploration company focussed on gold projects in Canada. Its flagship project - the advanced-stage 100% owned Burton Property - is located in the Abitibi Greenstone/Swayze Extension Gold Belt which hosts the world-class mining centres of Kirkland Lake, Timmins, and Val d'Or.

On Behalf of the Board of Directors

CHESSTOWN CAPITAL INC.

Edward Stringer, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Falcon Gold Corp. Timea Carlsen 778-998-2473 timea.carlsen@falcongold.ca