Mr. Vincent Metcalfe reports

FALCO APPOINTS MS. CHANTAL SOREL TO BOARD OF DIRECTORS

Falco Resources Ltd. has appointed Chantal Sorel, managing director, capital, at SNC-Lavalin, to the board of directors of the company. Helene Cartier, who was appointed as vice-president, environment and sustainable development of the company, on March 15, 2017, has resigned as a member of the board of directors.

Ms. Sorel is managing director, capital, at SNC-Lavalin. She is responsible for the investment and asset management business capability of SNC-Lavalin, which invests capital in projects and manages the company's multibillion-dollar portfolio of infrastructure investments. Previously, Ms. Sorel was senior vice-president, business development, of SNC-Lavalin's infrastructure sector. Until late 2014, she held the position of vice-president and project manager in charge of the McGill University Health Centre (MUHC) Glen Site project.

Ms. Sorel has a degree in architecture from Universite de Montreal and a master's degree in project management from Universite du Quebec a Montreal. She also has a project management professional certification from the Project Management Institute and completed the director education program jointly offered by the Institute of Corporate Directors, the McGill Executive Institute and the Rotman School of Management at the University of Toronto.

Luc Lessard, president and chief executive officer of Falco, noted: "We are delighted to welcome Chantal to the board of Falco. Chantal brings depth of knowledge and experience in project management, strategy and financing. Chantal will be a valuable addition to the company as we continue to advance the Horne 5 project."

About Falco Resources Ltd.

Falco is one of the largest mineral claim holders in the province of Quebec, with extensive landholdings in the Abitibi greenstone belt. Falco owns 67,000 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 5 project located in the former Horne mine that was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Gold Royalties Ltd. is the largest shareholder of the company and currently owns 13.5 per cent of the outstanding shares of the company.