Mr. Luc Lessard reports

RESIGNATION OF CHIEF FINANCIAL OFFICER

Vincent Metcalfe has resigned from his position of chief financial officer of Falco Resources Ltd. effective immediately.

Luc Lessard, president and chief executive officer, said: "Vincent has played a key role in our company since his appointment in April, 2015, and we would like to express our appreciation for his contribution towards the advancement and development of our company and the Horne 5 project. We wish him the greatest success in his future endeavours."

Anthony Glavac, CPA, CA, Falco's vice-president and corporate controller, will assume the position of chief financial officer on an interim basis.

About Falco Resources Ltd.

Falco Resources is one of the largest mineral claim holders in the province of Quebec, with extensive landholdings in the Abitibi greenstone belt. Falco owns about 67,000 hectares of land in the Rouyn-Noranda mining camp, which represents approximately 70 per cent of the entire camp and includes 13 former gold and base metal mine sites.

Falco's principal asset 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.