Mr. Darin Wagner reports

FALCO PACIFIC ANNOUNCES MANAGEMENT CHANGES

Falco Pacific Resource Group Inc.'s board of directors has appointed Jim Davidson to serve as interim chief executive officer of Falco Pacific. Mr. Davidson's appointment follows the resignation from Falco Pacific and its board of directors of Kelly Klatik, who has chosen to pursue other business opportunities.

Mr. Davidson has served as chief financial officer of Falco Pacific since its inception. Marshall House, Falco Pacific's controller, will assume the duties of the chief financial officer during the transition period. Mr. Klatik will provide certain administrative services to Falco Pacific during a two-month period to aid with a smooth transition.

"Falco Pacific would like to thank Mr. Klatik for his efforts and dedication as a co-founder during the formation and through the early stages of Falco Pacific's development," said Darin Wagner, chairman of Falco Pacific. "While change is never without its challenges, this affords Falco Pacific the opportunity to enhance its technical expertise and experience at the management and board levels as we make the transition from evaluating the scale of opportunity represented by our Rouyn-Noranda project in Quebec to focusing on the enhancement of shareholder value through the exploration and optimization of the future development potential of these assets."

Falco Pacific has engaged the services of PM Search Partners to assist with the recruitment of a new president, chief executive officer and board member(s). Falco Pacific anticipates a timely conclusion to the process.

We seek Safe Harbor.