Falco Announces Resignation of Board Member

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Company ") announces today that it has received a letter from the Direction de l'évaluation environnementale des projets industriels et minières at the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the " Ministry ") regarding the Horne 5 Project (the " Project ").

This letter includes observations regarding the application of section 197 of the Clean Air Regulations (" CAR "), and identifies certain issues related to the Project further to the analysis of the environmental acceptability of the Project. A comprehensive list of comments, questions and requests for additional technical studies is also attached to the letter.

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce that it has entered into a services agreement (the " Agreement ") with Nettlehurst Capital Advisors Inc. (" NCA ") pursuant to which NCA has agreed to provide certain advisory services to the Corporation, including advice on capital markets, in accordance with Policy 3.4 of the TSX Venture Exchange (the " Exchange ").

Under the engagement, NCA will be paid a fee of $5,000 per month for the services it will render starting on February 5 ^th , 2025, for an initial six-month term, (the " Initial Term "). The Agreement can be extended for subsequent three-month terms following the Initial Term. There are no performance factors contained in the agreement and NCA will not receive common shares or options as compensation.

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce that the Corporation and Osisko Gold Royalties Ltd (" Osisko ") have entered into an amendment to the silver purchase agreement dated February 27, 2019 (the " Silver Stream ") relating to Falco's Horne 5 Project. The amendment postpones certain deadlines granted to Falco to achieve milestones set as conditions precedent to Osisko funding the remaining instalments of the stream deposit and certain other deadlines.

The amendment comprises additional changes to reflect the execution of the operating license and indemnity agreement (" OLIA ") with Glencore in January 2024, including that the funding of the second and third instalment of the stream deposit will be subject to Falco demonstrating that financial assurances in favour of Glencore under the OLIA can be satisfied. The amendment also increases the minimum equity financing required as a condition precedent to funding the second and third instalments to reflect inflation since the initial execution of the Silver Stream as well as a revised provision on the calculation of interest payable to Osisko once production has commenced or should commencement of production be postponed. A copy of the amendment has been filed under Falco's profile at www.sedarplus.ca .

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Company ") acknowledges the press release issued by the Rouyn-Noranda Chamber of Commerce and Industry (" CCIRN ") entitled " BAPE Report The Horne 5 Project: A Lever for the Local Economy and a Commitment to the Community " and thanks the CCIRN for its support.

After reviewing the BAPE report, the CCIRN indicates that, although challenges have been raised, it sees the Horne 5 Project as an exceptional opportunity for Rouyn-Noranda and the Abitibi-Témiscamingue region. The CCIRN is encouraged by Falco's efforts to meet community expectations and maximize local economic impacts. The CCIRN adds that by working together, we can make this project an engine of economic growth and sustainable development that will benefit everyone.

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Company ") welcomes the report of the Bureau d'audiences publiques sur l'environnement (BAPE), in which the commission of inquiry brings to the attention of the relevant decision-making bodies various elements that require commitments, actions or modifications, with a view to issuing government authorizations. This commission examined the Falco Horne 5 mining project (the " Project ") from a sustainable development perspective, and, at this stage of the project's development, it is customary for the commission to request additional studies and analyses in order to clarify certain aspects of the Project. It is important to note that to date, more than 90% of the commission's opinions related to the Project have already been considered, planned or initiated. Falco has summarized its main findings in a summary of highlights .