Ms. Helene Cartier reports

FALCO HORNE 5: MARKED BY STRENGTHENED COLLABORATION WITH THE COMMUNITY

Falco Resources Ltd.'s advisory committee achieved positive outcomes in 2025 for Falco's flagship Horne 5 project located in Rouyn-Noranda, Que. The past year was marked by strengthened collaboration with the community to ensure harmonious co-existence.

Established in 2019 and renewed in January, 2025, to include citizens representatives from the neighbourhoods bordering the project, the advisory committee plays a central role in supporting the Horne 5 project. It serves as a key forum for dialogue, enabling stakeholders to contribute to the project's continuous improvement while integrating the socioeconomic and environmental realities specific to the Rouyn-Noranda context.

Throughout 2025, the committee -- composed of 26 representatives and seven observers from eight different sectors, including civil society and the socioeconomic, environmental, institutional and scientific spheres -- convened multiple times to address priority issues. These included seismicity and vibrations, air quality, water protection, social and economic benefits, as well as communication and community engagement frameworks.

This work led to the establishment of a subcommittee tasked with developing the integrity program -- residences and infrastructure (IPRI). Built through a collaborative approach, this program aims to ensure the protection of residences and infrastructure, while providing a framework for the management of complaints and claims. A preliminary version of the program, endorsed by committee members, will be submitted to Quebec's Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks.

The committee established a reference framework for the management of community interactions and laid the groundwork for a future good neighbour guide. These tools are intended to structure community engagement and support long-term harmonious coexistence.

"The year 2025 was marked by sustained collaboration with the advisory committee, whose work underscored the importance of structured and ongoing dialogue with the community. Falco sincerely thanks committee members for their active participation in meetings, the quality of their input and their willingness to collaborate. Their commitment is key to strengthening dialogue and advancing the project," said Helene Cartier, vice-president, environment, sustainable development and community relations, at Falco.

Outlook for 2026

In 2026, Falco remains committed to working alongside the committee to maintain and deepen dialogue with the community. Training, employment and housing will remain at the forefront of upcoming discussions.

Committee members will further refine the participatory process, with a focus on improving communication practices and public consultation. This contribution will bolster the transparency of Falco's approach and further foster trust in the project.

Moreover, the joint city of Rouyn-Noranda and Falco working group will continue its efforts to ensure the project's harmonious integration and deliver tangible, lasting social benefits for the community.

Falco will also support the technical committee of experts in developing an action plan aimed at ensuring the long-term safety and sustainability of the activities of the Abitibi-Temiscamingue Integrated Health and Social Services Centre (CISSSAT) -- a plan Falco is fully committed to implementing.

About Falco Resources Ltd.

Falco Resources is a Canadian mining company advancing the Horne 5 project in Quebec's historic Noranda mining camp. This project is one of the most advanced undeveloped polymetallic assets in Canada, supported by established infrastructure, robust economics, and a proven technical and executive team.

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