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Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") announces that the five (5) nominees listed in the management information circular dated November 4, 2024, were elected as directors of Falco.

Detailed results of the vote for the election of directors held at the annual and special meeting of shareholders on December 10, 2024, are set out below:

Falco Resources Ltd. (TSX.V:FPC) (" Falco " or the " Corporation ") is pleased to provide a corporate update on its flagship Horne 5 Project located in Rouyn-Noranda, Québec (the " Falco Horne 5 Project " or the " Project "). Following the completion of the public hearing process with the Office of Public Hearings on the Environment (" BAPE "), Falco continues to file documentation and provide responses to the BAPE, in view of the completion of its report, which is due for submission to the Minister of the Environment, the Fight Against Climate Change, Wildlife and Parks by December 26, 2024. Also, with the continued strength in gold and copper, Falco will work towards updating the 2021 Feasibility Study, which utilized a gold price of US$1,600 and a copper price of US$3.25lb, with targeted completion for H1-2025.

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce that the Corporation has entered into binding agreements (i) with Osisko Gold Royalties Ltd (" Osisko ") in order to extend the maturity date of the Corporation's existing convertible secured senior loan (the " Osisko Loan ") from December 31, 2024 to December 31, 2025; and (ii) with Glencore Canada Corporation (" Glencore ") in order to extend the maturity date of the Corporation's existing senior secured convertible debenture (the " Glencore Debenture ") from December 31, 2024 to December 31, 2025.

Luc Lessard, President and Chief Executive Officer of the Corporation commented: " The concurrent extensions of the Corporation's senior debts demonstrate the strong relationship and long-standing support of Osisko and Glencore to Falco and the development of the Horne 5 Project. Such extensions provide the Corporation with additional flexibility to pursue the permitting and development of this project".

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce the creation and establishment of Technical and Strategic Committees (collectively the " Committees "), as contemplated by the terms of the Operating Licence and Indemnity Agreement (" OLIA ") concluded with Glencore Canada Corporation (" Glencore ") on January 23, 2024.

The creation of the Committees confirms the parties' recognition that the successful development, construction, operation and closure of the Falco Horne 5 Project in a manner that ensures the safety and operational integrity of the Horne Smelter operations, requires coordination and communication between Falco and Glencore at multiple levels.

Falco Resources Ltd. (TSX-V: FPC) ( "Falco" or the " Corporation" ) is pleased to announce that the Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, Benoit Charette, has given the mandate to the Office of Public Hearings on the Environment ( "BAPE" ) to hold an inquiry and a public hearing concerning Falco's Horne 5 project (the "Falco Horne 5 Project" or the " Project "). This mandate will begin on August 26 and will have a maximum duration of four months.

Falco is pleased with this decision which marks an important milestone for the Falco Horne 5 Project. Falco's team will be supported by expert resources, including the firms A2GC, Sanexen, SoftdB, BGC and WSP in order to respond to questions and requests from the population and the BAPE during the hearings. The inquiry commission will be composed of Joseph Zayed, who will act as President, as well as Martin Lessard and Geneviève Meloche, who will act as commissioners. The curricula vitae of the commissioners can be consulted on the BAPE website.