Falco Commences Broad Exploration Program Across the Noranda CAMP
For Immediate Release TSX.V - FPC
FALCO COMMENCES BROAD EXPLORATION PROGRAM
ACROSS THE NORANDA CAMP
MONTRÉAL, November 5 , 2025 - Falco Resources Ltd. (TSX -V:FPC) (“Falco” or the
“Corporation”) is pleased to announce that it will begin a major exploration initiative across its
significant holdings within the world -class Noranda Mining Camp (the “ Noranda Camp”), which
is located in the region of Abitibi, Québec, starting with an Airborne Gravity Gradiometry (“AGG”)
survey (the “Survey”) over the next month. The Survey, a first for the region, will be utilized to
identify new near surface Volcanogenic Massive Sul fide (“ VMS”) type deposits. Falco is the
largest claim holder in the Noranda Camp where over 19.0 Moz of gold equivalent was previously
mined.
Luc Lessard, President and CEO of Falco, commented: “ While the Horne 5 Project remains the
Corporation's primary focus, Falco is unique among peers as few, if any, gold exploration
companies hold such a significant position in a world- class mining camp. With this modern
exploration technology, we believe this survey offers an unprecedented opportunity to generate
new discoveries in the Noranda Camp. The scale of the Noranda Camp and the prevalence of
favorable geological formations to VMS mineralization was historically overwhelming for previous
operators. Combining this new exploration approac h with our extensive compilation of historical
data, the potential to identify more VMS type deposits in the periphery of the Horne 5 Project
Complex is very compelling.”
The Survey will be operated by Xcalibur MPH (Canada) Ltd. using their Falcon system known as
FALCON fixed-wing AGG with a high-density grid of 100-meter line spacing providing exceptional
resolution for detailed mapping. The Survey will be flown over 280 square kilometers across the
majority of the Corporation’s land package , including the Noranda C amp, which includes 13
former mining sites for gold and base metals (see Figure below).
AGG surveys measure the change in density between the lighter host rock and denser sulfide
mineralization. This sharp density contrast should be well identified by the S urvey. Importantly,
the majority of the rhyolitic units remain untested due to the scale of the property. Combined with
the high-density contrast and expected shallow depths of mineralization, the S urvey will provide
an unprecedented opportunity to identify new VMS type targets at the Noranda Camp.
Results from the Survey are expected to be received for analysis in December 2025 and will
complement the mining camp-scale digital compilation and geological reinterpretation of historical
data. The integration of high- precision topographic data from the government -managed LIDAR
survey will help define the structural c ontrols associated with the distribution of high- grade
mineralization. Consequently, the Corporation will define priority exploration targets in brownfield
sites, with potential drilling to be determined based on the merit of the identified targets.
Stock Option Grant
The Corporation’s Board of Directors approved the grant of incentive stock options (the “Options”)
to key employees, officers , special advisors and directors to purchase up to an aggregate of
9,950,000 common shares of the Corporation (“Common Shares”). The Options are subject to a
three-year vesting period and a five-year term. The Options are exercisable at an exercise price
of $0.33 per Common Share being the closing price of the Common Shares on the TSX Venture
Exchange on November 4, 2025.
Qualified Person
The scientific and technical information related to this press release has been reviewed and
approved by Mr. Francois Goulet, independent consultant geologist. He is a Professional
Geologist registered in Québec.
About Falco
Falco is one of the largest mineral claim holders in the province of Québec, with an extensive
portfolio of properties in the Abitibi -Témiscamingue greenstone belt. Falco holds rights to
approximately 63,000 hectares of land in the Noranda Camp, which represents 63% of the camp
as a whole and includes 13 former gold and base metal mining sites. Falco’s main asset is the
Horne 5 project located beneath the former Horne mine, which was operated by Noranda from
1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko
Development Corp. is Falco’s largest shareholder, with an approximate 16% interest in the
Corporation.
For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514-261-3336
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this press release.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together,
“forward looking statements”) within the meaning of applicable securities laws. Often, but not
always, forward-looking statements can be identified by words such as “plans”, “expects”, “seeks”,
“may”, “should”, “could”, “will”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, “believes”, or variations including negative variations thereof of such words and
phrases that refer to certain actions, events or results that may, could, would, might or will occur
or be taken or achieved. Specific forward-looking statements in this news release include, but are
not limited to, statements with respect to; the expected timing, scope and results of the Survey;
the ability of the Survey and related compilations to identify new VMS type targets at the Noranda
Camp; the anticipated integration of high- precision topographic data from the government -
managed LIDAR survey. These statements are made as of the date of this news release. Forward-
looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance, prospects, and opportunities to differ materially from those
expressed or implied by such forward-looking statements. These risks and uncertainties include,
but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management
discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at
www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although the Corporation
believes the forward- looking statements in this news release are reasonable, it can give no
assurance that the expectations and assumptions in such statements w ill prove to be correct.
Consequently, the Corporation cautions investors that any forward -looking statements by the
Corporation are not guarantees of future results or performance and that actual results may differ
materially from those in forward-looking statements.