Mr. Darin Wagner reports

FALCO PACIFIC APPOINTS PRESIDENT AND CHIEF EXECUTIVE OFFICER

Falco Pacific Resource Group Inc. has appointed Trent Mell as president, chief executive officer and director effective July 2, 2014.

Prior to joining Falco, Mr. Mell was an executive vice-president at AuRico Gold, which recently declared commercial production at its Young-Davidson underground gold mine in Kirkland Lake, Ont. He has also held senior leadership roles at Barrick Gold, Sherritt International and North American Palladium. Mr. Mell is a Quebec native and was a securities and mergers and acquisitions lawyer with Stikeman Elliott LLP prior to entering the mining industry. He holds a BA, BCL and LLB from McGill University, an LLM from Osgoode Hall and an executive MBA from the Schulich School of Business and Kellogg School of Management. "This has already been a successful year for Falco with the release of a maiden mineral resource estimate at the Horne mine complex and the commencement of an ambitious field exploration program on our landholdings in the Rouyn-Noranda camp in Quebec," said Darin Wagner, chairman of Falco. "With Trent's wealth of capital markets experience and strong track record, the board is confident that he will be able to guide Falco through its next phase of growth."

Mr. Mell commented: "I am honoured to be joining a strong and dedicated team of professionals that has achieved impressive results in a short time. We are fortunate to own an extensive land package encompassing 14 former producing mines, including the Horne gold-silver-copper-zinc mine, which has been largely overlooked for 35 years. Our focus will be on executing a methodical strategy to create shareholder value by advancing our understanding of the Horne mine complex and several other targets within the land package."

The board of directors wishes to thank Jim Davidson for serving as interim chief executive officer. With Mr. Mell's appointment, Mr. Davidson will be resuming his role as chief financial officer.

Dean Linden has been appointed to the position of senior vice-president of business development and will be responsible for Falco's marketing activities.

Mr. Mell has been granted incentive stock options to purchase 1.1 million common shares of Falco, subject to a three-year vesting period and a five-year term, at an exercise price of 57 cents per share.

In connection with this appointment, Falco will be opening a Toronto office.

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