Mr. Vincent Metcalfe reports

FALCO SECURES OWNERSHIP OF THE HORNE 5 PROJECT

Falco Resources Ltd. has retained full ownership of the Horne 5 project.

"We are pleased to have confirmed the full ownership of the project, which is located in the prolific Rouyn-Noranda mining camp. We look forward to bringing this world-class deposit back into production after more than a 40-year dormant phase subsequent to having previously produced over 11 million ounces of gold and 2.5 billion pounds of copper," said Sean Roosen, Falco's chair of the board.

Luc Lessard, Falco's president and chief executive officer, commented, "We are excited about reaching this major milestone and look forward to aggressively pursuing the development of the project for all stakeholders."

The previous owner of the project, Glencore Canada Corp., retained a back-in right when it sold the project in 2011. Glencore has elected not to exercise this back-in right. As a result, Glencore retains a 2-per-cent net smelter return royalty on all metals produced from the Horne 5 project. Glencore also has rights of first refusal with respect to purchase or toll process of the concentrates from the Horne 5 project.

About Falco

Falco owns 74,000 hectares of land in the Rouyn-Noranda mining camp, which represents 70 per cent of the entire camp and includes 13 former gold and base metal mine sites. Falco's principal property is the Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper.

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