Mr. Luc Lessard reports

SEAN ROOSEN AND JOHN BURZYNSKI JOIN FALCO AS SPECIAL ADVISORS

Falco Resources Ltd. has appointed Sean Roosen and John Burzynski as special advisers to Falco's management and board of directors in respect of marketing, financing and project development strategies. Since 2014, both have been closely involved with Falco's flagship Horne 5 project, located in Rouyn-Noranda, Que., through its various roles within the Osisko group of companies. They also bring a long-standing working relationship of more than a decade with Luc Lessard, president and chief executive officer of Falco. Under their leadership, the Osisko group of companies successfully raised over $5.0-billion in capital to advance mining assets across the development spectrum.

The Horne 5 project is a world-class deposit with an estimated annual production of approximately 220,000 ounces Au (gold) (330,000 oz AuEq (gold equivalent)) over a 15-year life of mine, based on a feasibility study, effective March 18, 2021 (the 2021 FS). The project also has meaningful critical and strategic minerals exposure: Falco will be one of the largest producers of copper (247 Mlb (million pounds)) and zinc (1,190 Mlb) in the province of Quebec, over the life of mine. In addition, Falco has significant high-potential exploration upside with rights to 67,000-plus hectares of land around the project.

Special advisers

Mr. Roosen and Mr. Burzynski are both founding members of Osisko Mining Corp. (Osisko MC), together with Robert Wares, where they spearheaded the discovery, financing, development and operation of the Canadian Malartic mine, which achieved commercial production in May, 2011. In 2014, Osisko MC was acquired by an Agnico Eagle Mines Ltd. and Yamana Gold Inc. partnership for $4.3-billion, reaching annual gold production of over 500,000 oz Au at the time. A concurrent spinout transaction also resulted in the creation of Osisko Gold Royalties (today more than a $9-billion company). Canadian Malartic remains one of Canada's largest gold-producing mines and among the top globally, averaging over 640,000 oz Au of annual production over the 2022 to 2024 period.

Mr. Roosen currently serves as executive chair and chief executive officer of Osisko Development Corp. (ODV). He is also the founder, former executive chair and CEO of Osisko Gold Royalties from its inception in 2014 until 2023. Mr. Roosen has over 44 years of experience in the mining industry, and served as president, CEO and director of Osisko MC, where he was responsible for developing the strategic plan for the discovery, financing and development of the Canadian Malartic mine. He also led the efforts for the maximization of shareholders' value in the sale of Osisko MC. He was recognized as Mines and Money Americas "Best CEO in North America" (2017) and one of the "Top 20 Most Influential Individuals in Global Mining." In prior years, he has been recognized by several organizations for his entrepreneurial successes, contributions to the mining industry and his leadership in innovative sustainability practices. Mr. Roosen is a graduate of the Haileybury School of Mines.

Mr. Burzynski is currently executive chair at Osisko Metals Inc. and most recently served as the chair, CEO and director of Osisko Mining, where he led his team in the discovery, development and sale of the Windfall gold project to Gold Fields Ltd. for $2.2-billion. Mr. Burzynski has over 35 years of experience as a professional geologist on international mining and development projects. Mr. Burzynski was one of the three original founders of Osisko MC who developed and ultimately sold the Canadian Malartic mine. Among a number of other awards, Mr. Burzynski was co-winner together with partners Mr. Roosen and Mr. Wares of the Prospectors and Developers Association of Canada's (PDAC) Prospector of the Year Award for 2007 and the Northern Miner's Mining Man of the Year for 2009; and was again named the Prospector of the Year Award for 2024 for the Windfall deposit. Mr. Burzynski holds a bachelor of science (honours) degree in geology from Mount Allison University, and a master of science in exploration and mineral economics (MINEX) degree from Queen's University.

Luc Lessard, president and chief executive officer of Falco, commented: "We are excited to welcome Sean and John as special advisers to Falco's management and board of directors. They have deep understanding of the Horne 5 project and bring a wealth of industry knowledge, marketing and financial expertise and strategic insight across the gold mining sector."

Qualified person

Mr. Lessard, president and chief executive officer (PEng), is the qualified person for this release as defined by National Instrument 43-101 and has reviewed and verified the technical information contained in this news release.

About Falco Resources Ltd.

Falco is one of the largest mineral claim holders in the province of Quebec, with an extensive portfolio of properties in the Abitibi-Temiscamingue greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda mining camp, which represents 67 per cent of the camp as a whole and includes 13 former gold and base metal mining sites. Falco's main asset is the Horne 5 project located beneath the former 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. ODV is Falco's largest shareholder, with a 16-per-cent interest in the corporation.

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