Falco Files Requested Documentation for the Horne 5 Project’s Environmental Authorization Process

MONTRÉAL, May 12, 2025 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX.V: FPC) ("Falco" or the "Corporation") is pleased to announce that it has responded to all questions and comments requested by the Direction de l'évaluation environnementale ("DEE") des projets industriels et miniers on February 27, 2025 (the "Correspondence"), as more fully described in Falco's press release dated March 3, 2025.

The responses, commitments, and explanatory letter submitted (the "Responses") follow the meetings and clarifications obtained from representatives of the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the "Ministry") and other ministries, regarding the principal issues raised by the Horne 5 project (the "Project"), in the Correspondence. The Responses will allow the Ministry to complete its analysis in accordance with the standard evaluation process.

Advancement of Certain Issues
Regarding the Ministry's interpretation of section 197 of the Clean Air Regulations ("CAR"), the Ministry representatives are continuing their analysis, and Falco is confident that the Ministry's position on this issue will be known in the coming weeks. For more information, refer to the Corporation's press release dated March 3, 2025, by clicking on the following link.

Regarding the potential impacts of the Project on the Centre de radio-oncologie régional de Rouyn-Noranda (Rouyn-Noranda Regional Radiation Oncology Centre), la Direction de santé publique de l’Abitibi-Témiscamingue (the Abitibi-Témiscamingue Public Health Department) confirmed that it has selected its seismologist expert to form part of its technical committee of experts who will work to assess the risks posed by the Project on the equipment, structures, and activities of the Centre intégré de la santé et de services sociaux de l’Abitibi-Témiscamingue (the Abitibi-Témiscamingue Integrated Health and Social Services Centre) and to identify mitigation measures to ensure the safety and proper operation of the facilities and activities. A first meeting of the technical committee will be held in the coming weeks.

Luc Lessard, President and CEO of Falco, commented: "I would like to thank our employees and experts for the work they have done to enable the submission of responses to the Ministry, which brings us closer to a conclusion regarding the environmental authorization process for our Horne 5 Project. Falco believes that the Ministry has all the relevant information to complete its analysis and make its recommendation to the Members of Cabinet."