Mr. Luc Lessard reports

FALCO COMMENCES BROAD EXPLORATION PROGRAM ACROSS THE NORANDA CAMP

Falco Resources Ltd. will begin a major exploration initiative across its significant holdings within the world-class Noranda mining camp, which is located in the region of Abitibi, Quebec, starting with an airborne gravity gradiometry (AGG) survey over the next month. The survey, a first for the region, will be utilized to identify new near-surface, VMS-type (volcanogenic massive sulphide) deposits. Falco is the largest claim holder in the Noranda camp, where over 19.0 million ounces of gold equivalent were previously mined.

Luc Lessard, president and chief executive officer of Falco, commented: "While the Horne 5 project remains the corporation's primary focus, Falco is unique among peers as few, if any, gold exploration companies hold such a significant position in a world-class mining camp. With this modern exploration technology, we believe this survey offers an unprecedented opportunity to generate new discoveries in the Noranda camp. The scale of the Noranda camp and the prevalence of favourable geological formations to VMS mineralization was historically overwhelming for previous operators. Combining this new exploration approach with our extensive compilation of historical data, the potential to identify more VMS-type deposits in the periphery of the Horne 5 project complex is very compelling."

The survey will be operated by Xcalibur MPH (Canada) Ltd. using its Falcon system, known as Falcon fixed-wing AGG, with a high-density grid of 100-metre line spacing providing exceptional resolution for detailed mapping. The survey will be flown over 280 square kilometres across the majority of the corporation's land package, including the Noranda camp, which includes 13 former mining sites for gold and base metals.

AGG surveys measure the change in density between the lighter host rock and denser sulphide mineralization. This sharp density contrast should be well identified by the survey. Importantly, the majority of the rhyolitic units remain untested due to the scale of the property. Combined with the high-density contrast and expected shallow depths of mineralization, the survey will provide an unprecedented opportunity to identify new VMS-type targets at the Noranda camp.

Results from the survey are expected to be received for analysis in December, 2025, and will complement the mining camp-scale digital compilation and geological reinterpretation of historical data. The integration of high-precision topographic data from the government-managed lidar survey will help define the structural controls associated with the distribution of high-grade mineralization. Consequently, the corporation will define priority exploration targets in brownfield sites, with potential drilling to be determined based on the merit of the identified targets.

Stock option grant

The corporation's board of directors approved the grant of incentive stock options to key employees, officers, special advisers and directors to purchase up to an aggregate of 9.95 million common shares of the corporation. The options are subject to a three-year vesting period and a five-year term. The options are exercisable at an exercise price of 33 cents per common share, being the closing price of the common shares on the TSX Venture Exchange on Nov. 4, 2025.

Qualified person

The scientific and technical information related to this press release has been reviewed and approved by Francois Goulet, independent consultant geologist. He is a professional geologist registered in Quebec.

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 63,000 hectares of land in the Noranda camp, which represent 63 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. Osisko Development Corp. is Falco's largest shareholder, with an approximately 16-per-cent interest in the Corporation.

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