Mr. Luc Lessard reports

FALCO APPOINTS RED CLOUD TO PROVIDE PROMOTIONAL SERVICES

Falco Resources Ltd. has entered into a services agreement with Red Cloud Financial Services Inc. (RCFS) pursuant to which RCFS has agreed to provide certain advisory services to the corporation, including advice on marketing and social media activities, in accordance with Policy 3.4 of the TSX Venture Exchange.

Under the engagement, RCFS will be paid a fee of $10,000 per month for the services it will render starting on April 4, 2024, for an initial 12-month term, which may be reduced to six months in certain circumstances. The agreement will transition to a month-to-month basis following the initial term. There are no performance factors contained in the agreement and RCFS will not receive common shares or options as compensation.

RCFS and the corporation are arm's-length parties and RCFS and its principals do not currently own or have any interest, directly or indirectly, in the securities of the corporation. However, RCFS and its clients may acquire an interest in the securities of the corporation in the future.

RCFS is a Toronto-based financial services firm that provides assistance to mineral exploration and mining companies in accessing capital markets and enhancing their corporate profile.

Luc Lessard, president and chief executive officer of Falco, commented: "In the current context of Falco where major milestones are being met, we look forward to RCFS introducing us to a broader investor base and providing a range of corporate advisory and promotional services. RCFS is a seasoned group recognized in the mining sector and we are excited for this collaboration."

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 approximately 67,000 hectares of land in the Noranda mining camp, which represents 67 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.

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