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Falco Resources Ltd
Symbol FPC
Shares Issued 99,730,657
Close 2015-11-24 C$ 0.26
Market Cap C$ 25,929,971
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Falco Resources shareholders elect 7 directors at AGM

2015-11-25 16:05 ET - News Release

Mr. Vincent Metcalfe reports

FALCO ANNOUNCES ELECTION OF DIRECTORS, APPOINTMENT OF LEAD DIRCTOR AND GRANTING OF STOCK OPTIONS

The seven nominees listed in Falco Resources Ltd.'s management information circular dated Oct. 27, 2015, were elected as directors of the company.

Detailed results of the vote for the election of directors held at the annual meeting of shareholders on Nov. 24, 2015, are set out in the attached table.

Nominee                                 Votes        %       Votes          %     
                                          for      for    withheld   withheld 

Mario Caron                        36,982,988   99.97%      10,000      0.03%
Helene Cartier                     36,979,988   99.96%      13,000      0.04%
James Davidson                     35,039,288   94.72%   1,953,700      5.28%
Claude Ferron                      34,401,788   93.00%   2,591,200      7.00%
Paul-Henri Girard                  35,039,288   94.72%   1,953,700      5.28%
Luc Lessard                        36,992,988  100.00%           0      0.00%
Sean Roosen                        35,039,288   94.72%   1,953,700      5.28%

The appointment of PricewaterhouseCoopers LLP also as provided for in the management information circular was approved.

Lead director

The board of directors is pleased to announce the appointment of Mario Caron, newly elected director of the corporation, as lead director of the board.

Mr. Caron holds a bachelor of engineering in mining from McGill University and is a member of the Quebec Order of Engineers and the Association of Professional Engineers of Ontario. He is a mining executive with over 35 years of experience in the mining industry, including board and management expertise in operations, development, exploration and capital markets, as well as government relations with companies having projects in the Americas, Africa and Southeast Asia.

Long-term incentive grants

Following the election of directors, the board of directors approved the grants of incentive stock options to the newly elected directors to purchase up to a total of 734,521 common shares in the share capital of the company. Grants to directors are subject to a two-year vesting period and a three-year term at an exercise price of 26 cents per share.

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