Falco Announces Election of Directors

MONTREAL, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) announces that the six (6) nominees listed in the management information circular dated December 11, 2023, were elected as directors of Falco.

Detailed results of the vote for the election of directors held at the annual meeting of shareholders on January 24, 2024 are set out below:

ITEM No1 Nominee	Votes Cast FOR	Percentage (%) of Votes Cast FOR	Votes    AGAINST	Percentage (%) of Votes AGAINST
Mario Caron	120,256,057	99.612	468,429	0.388
Alexander Dann	96,494,823	79.930	24,229,663	20.070
Claude Dufresne	120,250,663	99.608	473,823	0.392
Paola Farnesi	120,221,703	99.584	502,783	0.416
Luc Lessard	119,795,273	99.230	929,213	0.770
Chantal Sorel	120,473,879	99.792	250,607	0.208

Appointment and Remuneration of Auditor

PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed as independent auditor of the Corporation for the ensuing year, with the following results:

ITEM No2	Votes cast FOR	Percentage (%) of Votes Cast FOR	Votes WITHHELD	Percentage (%) of Votes WITHHELD
Appointment and Remuneration of Auditor	127,600,354	99.977	28,797	0.023

Long-Term Incentive Plan Resolution

Shareholders approved the ordinary resolution with respect to the approval of the Corporation’s existing rolling 10% long-term incentive plan (“LTIP”). The results are as follows:

ITEM No3

Votes Cast FOR

Percentage (%) of Votes Cast FOR

Votes     AGAINST

Percentage (%)