Falco Pacific Completes $5.1 Million Equity Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2013) -

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Falco Pacific Resource Group Inc. (the "Company") (TSX VENTURE:FPC) is pleased to announce that is has closed its previously announced (NR 13-11 dated October 21, 2013) non-brokered private placement (the "Offering") of an aggregate of 12,045,999 units of the Company at a price of $0.30 per unit ("Unit") and 4,142,770 flow through common shares at a price of $0.36 ("FT Shares") for total gross proceeds of $5,105,197.

Each Unit shall consist of one non-flow-through common share in the capital of the Company (a "Common Share") and one half of one transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant shall be exercisable into one additional Common Share of the Company for 24 months from the closing date of the Offering at an exercise price of $0.60 per Common Share.

The Warrants shall be callable such that should the daily volume weighted average trading price of the Common Shares of the Company on the TSX Venture Exchange exceed $1.00 for a period of 20 consecutive trading days, during the period following 4 months from the closing date of the Offering until the expiry date of the Warrants, the Company may give notice in writing to the Warrant holders that the Warrants shall expire on that day which is 30 days following the notice date unless exercised by the holders prior to such date.

All securities issued pursuant to the offering and applicable securities laws in Canada are subject to a hold period that will expire four months and one day from the date of closing, being March 15, 2014. The Offering is subject to receipt of regulatory approvals, including the final approval of the TSX Venture Exchange. Net proceeds of the Offering will be used by the Company to fund operating and exploration expenses on the Rouyn-Noranda Project in Quebec, which includes the Horne Mine Complex area.

In conjunction with the closing of the Offering, the Company has agreed to pay certain finders including Axemen Resource Capital Ltd., an Exempt Market Dealer, (each, a "Finder") a fee equal to a cash commission or Units at 5% of the gross proceeds raised from subscriptions in the Offering from persons introduced to the Company by the Finders which is equal to $54,720 and 507,638 Units. As well the company has issued to the Finders common share warrants ("Finders Warrants") equal to 5% of the Units and FT Shares subscribed by for by persons introduced to the Company by the Finders totaling 677,688 Finders Warrants. Each Finders Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $0.45 at any time up to May 14, 2015.