Mr. Luc Lessard reports

FALCO ANNOUNCES EARLY WARRANT EXERCISE BY OSISKO DEVELOPMENT CORP. AND ADDITIONAL WARRANT EXERCISES TOTALING APPROXIMATELY $1.25 MILLION

Falco Resources Ltd. has received approximately $1.25-million in aggregate proceeds from the exercise of warrants, including $626,500 from the early exercise by Barkerville Gold Mines Ltd., a wholly owned subsidiary of Osisko Development Corp.

Osisko Development exercised 1.79 million warrants to purchase common shares of the corporation at a price of 35 cents per common share. The Osisko warrants were received by Osisko Development in connection with the corporation's December, 2024, private placement and were scheduled to expire in December, 2029. Further to the exercise of the Osisko warrants, Osisko Development's interest in the corporation's common shares increased from 15.6 per cent to 16.0 per cent. The early exercise reflects Osisko Development's continued support of Falco and the advancement of the Horne 5 project.

The corporation also received aggregate proceeds of $622,438 from the exercise of warrants to purchase common shares at a price of 35 cents which were issued in connection with the corporation's June, 2024, private placement. The proceeds from the exercise of the June, 2024, warrants include $61,600 from the exercise of June, 2024, warrants by the corporation's current directors and officers who had received June, 2024, warrants.

The corporation intends to use the proceeds received from the warrant exercises for the advancement of the Horne 5 project and for working capital and general corporate purposes.

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.

We seek Safe Harbor.