Mr. Vincent Metcalfe reports

FALCO ANNOUNCES ACCELERATION OF OUTSTANDING WARRANTS FOR PROCEEDS UP TO C$1.2M

Falco Resources Ltd. has elected to accelerate to July 17, 2016, the expiry date of 2,312,500 warrants issued as part of the July 22, 2015, private placement completed with strategic Quebec funds and Osisko Gold Royalties Ltd., and which were originally set to expire on July 22, 2017. Each warrant may be exercised to acquire one common share of Falco at 52 cents, for gross proceeds to Falco of up to $1.2-million, assuming all warrants are exercised.

Under the terms of the warrants, Falco is permitted to accelerate their expiry date if the volume-weighted average trading price of the company's common shares listed on the TSX Venture Exchange is at or above 65 cents for 20 consecutive trading days. Falco has confirmed that an acceleration event occurred as of June 16, 2016. Accordingly, Falco has chosen to accelerate the expiry date of the warrants to July 17, 2016.

We seek Safe Harbor.