Mr. Luc Lessard reports

FALCO ANNOUNCES ELECTION OF DIRECTORS

The six nominees listed in the management information circular dated Dec. 11, 2023, have been elected as directors of Falco Resources Ltd.

Detailed results of the vote for the election of directors held at the annual meeting of shareholders on Jan. 24, 2024, are set out in an attached table.

Appointment and remuneration of auditor

PricewaterhouseCoopers LLP was appointed as independent auditor of the corporation for the ensuing year (see an attached table).

Long-term incentive plan resolution

Shareholders approved the ordinary resolution with respect to the approval of the corporation's existing rolling 10-per-cent long-term incentive plan. The results are provided in an attached table.

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 more than 67,000 hectares of land in the 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 asset is the Horne 5 project, located under 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 Development Corp. is Falco's largest shareholder, owning a 17.3-per-cent interest in the corporation.

We seek Safe Harbor.