Falco Announces the Opening of Espace Falco and Invites the Population to the Public Information Meeting Organized by the BAPE on the Falco Horne 5 Project

MONTRÉAL, May 13, 2024 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) is pleased to announce the opening of Espace Falco located at 157 rue Principale in Rouyn-Noranda. This new space is dedicated to meeting citizens, groups and organizations wishing to learn about the Falco Horne 5 project (the “Falco Horne 5 Project”).

In anticipation of the public examination (public hearings) of the Bureau d’audiences publiques sur l’environnement (“BAPE”), Falco invites the population to an information meeting organized by the BAPE as part of the public information period. This information meeting will be held on Tuesday, May 21 at 7:30 p.m. at the Petit Théâtre du Vieux-Noranda (112, 7^e rue, Rouyn-Noranda, QC, J9X 1Z9) and will allow the community to learn and ask questions about the Falco Horne 5 Project.

Hélène Cartier, Vice-President, Environment, Sustainable Development and Community Relations, said: “We look forward to continuing our collaborative approach with host communities and the launch of the BAPE process will open up more consultations and transparent and direct discussions with stakeholders, as well as allowing the advancement of the environmental permit process towards obtaining a ministerial decree authorizing the Falco Horne 5 Project.”

FALCO HORNE 5 PROJECT: A WORLD-CLASS HISTORICAL DEPOSIT

Environment

• Disposal of processing tailings in the old mining openings of the Horne mine
• Reuse of the old Quemont 2 shaft as access infrastructure to the Horne 5 mineral zone
• Reuse of the site of a former unrehabilitated tailings pond to complete the storage capacity for mining tailings
• Use of double-walled pipes for the transportation of mining residues and recirculation water installed in the right-of-way of existing roads
• Production of copper concentrates with low GHG emissions given the proximity of the Horne Foundry facilities (< 1km)
• Minimum footprint of the surface infrastructure of the Falco Horne 5 Project

Production

• Polymetallic deposit of massive sulphide type (Au, Ag, Cu, Zn)
• High-volume underground mining favoring the best modern extraction technologies
• Annual production (220,000 ounces of gold / 334,000 ounces Au Eq) – 15 years LOM
• Concentrate offtake agreements (Cu, Zn) and operating license and indemnity agreement (“OLIA”) with Glencore Canada Corporation
• Feasibility study (2021) reflecting robust financial parameters (based on a gold price of US$1600)
• All-in sustaining costs below US$600 per ounce, considering base metal by-product credits

Luc Lessard, President and CEO declared: “In light of the significant progress recently achieved including the signing of the OLIA and confirmation of admissibility of the environmental impact assessment, as well as the ongoing BAPE process, the Falco Horne 5 Project has entered a new, proactive phase, which brings us closer to its execution phase. In addition, during the second half of 2024, Falco will update the feasibility study (2021), particularly in the financial sections, so that it reflects current assumptions, including the increase in the long-term prices of commodities.”