Mr. Trent Mell reports

FALCO APPOINTS SEAN ROOSEN AS CHAIRMAN

Falco Resources Ltd. has appointed Sean Roosen as a director and chairman of the board. The appointment follows an announcement by Osisko Gold Royalties Ltd. on Aug. 29 that it intends to increase its ownership interest in Falco to 14.99 per cent.

"Sean made an enormous contribution to the gold mining industry in the province of Quebec during his tenure as president and CEO of Osisko Mining Corp.," said Trent Mell, president and chief executive officer. "Falco stands to benefit from a stronger relationship with its largest shareholder in three ways: access to capital, technical bench strength and first-in-class sustainability practices. I have known Sean for several years and I am looking forward to working with him."

"We know the Abitibi and I believe our expertise can help Falco advance its strategic objectives," said Sean Roosen, chairman and CEO of Osisko Gold Royalties Ltd. "Falco controls the last of the large Abitibi camps that is not owned by a major gold producer and, as their largest shareholder, we want to help them succeed."

Mr. Roosen has been chairman of the board and CEO of Osisko Gold Royalties since June, 2014. Prior to this, he was president and CEO of Osisko Mining Corp., which he co-founded. He was a guiding force in transforming Osisko Mining from a junior exploration company to a leading intermediate gold producer. Over that period, he was responsible for developing the permitting and financing strategy to bring the $1-billion Canadian Malartic mine into production. Mr. Roosen's other directorships include Condor Petroleum Inc., Dalradian Resources Inc. and NioGold Mining Corp. A graduate of the Haileybury School of Mines, Mr. Roosen has held numerous roles in the mining industry both domestically and internationally.