- Found on a corpse in the Shaded Woods, behind the Flexile Sentry.
- Rare drop from the Falconers found in Things Betwixt in NG+.
- Scholar of the First Sin - Rare drop from the Falconers found on the way to the Shrine of Winter and the ones that populate the Royal Army Campsite in Brightstone Cove Tseldora.
Boasting relatively-high elemental defenses for a very lightweight shield, the Golden Falcon Shield is better-suited to combating mages or other sources of elemental damage, instead of physical trauma or negative status effects. Its stability and physical damage reduction, like most small shields, is mediocre at best, but appreciable.