Mr. Luc Lessard reports

FALCO IDENTIFIES SEVERAL PRIORITY TARGETS FOR HELIBORNE MAGNETIC SURVEY IN THE WESTERN NORANDA CAMP

Falco Resources Ltd. has expanded its exploration initiatives through the launch of a high-resolution helicopter-borne magnetic survey (the heli-mag program) over the western portion of its substantial landholdings within the Noranda mining camp, located in the region of Abitibi, Quebec.

Luc Lessard, president and chief executive officer of Falco, commented: "Our initial survey, completed late last year, identified several underexplored areas with strong VMS [volcanogenic massive sulphide] potential. These targets have now been prioritized for further work, and we are excited to launch the heli-mag program to better define these new exploration targets. We expect to receive results this summer and will underpin a comprehensive exploration strategy for the second half of this year as we look to leverage our commanding claim package in the Rouyn-Noranda region."

As previously announced (see press release dated Nov. 5, 2025), the corporation launched an airborne gravity gradiometry survey, a first for the region. The AGG survey identified several felsic domes in the Western camp, consistent with the geophysical signatures observed in the Central camp (within the Noranda mining camp), known for high-grade VMS deposits. The heli-mag program has been recommended as the next phase of exploration in the Western camp.

This heli-mag program is in progress and is carried out by Geo Data Solutions GDS Inc. of Laval, Que. This program covers approximately 180 square kilometres. The parameters of this program include flight lines spaced 50 metres apart.

Upon completion of the heli-mag program, the corporation will undertake an integrated analysis incorporating geological, geochemical and additional ground-based geophysical data. This work is expected to support the design of a potential drill program, which could be initiated in the second half of 2026.

Qualified person

The scientific and technical information in this press release has been reviewed and approved by Francois Goulet, PGeo, an independent consulting geologist and a qualified person as defined under National Instrument 43-101.

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 represents 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 approximate 16-per-cent interest in the corporation.

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