Mr. Dean Linden reports

FALCO ANNOUNCES RESIGNATION OF CHAIRMAN

Darin Wagner has resigned as Falco Resources Ltd.'s chairman and as a member of the board of directors so that he may focus his efforts on his duties as president and chief executive officer of another exploration company. The board of directors would like to thank Mr. Wagner for his contribution over the years and wish him well in his future endeavours. In addition to serving as chairman, Mr. Wagner was a co-founder of Falco and played a key role in negotiating the acquisition of the Rouyn-Noranda properties. Falco and the board are currently evaluating alternatives with respect to appointing a new chairman, which is expected to form part of a broader board rejuvenation process.

We seek Safe Harbor.