Falco Identifies Several Priority Targets FOR Heliborne Magnetic Survey in the Western Noranda CAMP
For Immediate Release TSX.V - FPC
FALCO IDENTIFIES SEVERAL PRIORITY TARGETS FOR HELIBORNE MAGNETIC
SURVEY IN THE WESTERN NORANDA CAMP
MONTRÉAL, April 21, 2026 - Falco Resources Ltd. (TSX-V:FPC) (“Falco” or the “Corporation”)
is pleased to announce the expansion of its exploration initiatives through the launch of a high-
resolution heliborne magnetic survey (the “Helimag Program”) over the western portion of its
substantial landholdings within the Noranda Mining Camp (the “Western Camp”), located in the
region of Abitibi, Québec.
Luc Lessard, President and CEO of Falco, commented: “Our initial survey, completed late last
year, identified several underexplored areas with strong VMS potential. These targets have now
been prioritized for further work, and we are excited to launch the Helimag Program to better
define these new exploration targets. We expect to receive results this summer and will underpin
a comprehensive exploration strategy for the second half of this year, as we look to leverage our
commanding claim package in the Rouyn-Noranda region.”
As previously announced (see press release dated November 5, 2025), the Corporation launched
an Airborne Gravity Gradiometry survey (the “ AGG Survey”), a first for the region. The AGG
Survey identified several felsic domes in the W estern Camp, consistent with the geophysical
signatures observed in the Central Camp (within the Noranda Mining Camp) , known for high-
grade VMS deposits . The Helimag Program has been recommended as the next phase of
exploration in the Western Camp.
This Helimag Program is in progress and is carried out by Geo Data Solutions GDS Inc. of Laval,
Québec. This program covers approximately 180 km² (see Figure 1 ). The parameters of this
program include flight lines spaced 50 meters apart.
Upon completion of the Helimag Program, the Corporation will undertake an integrated analysis
incorporating geological, geochemical, and additional ground-based geophysical data. This work
is expected to support the design of a potential drill program, which could be initiated in the second
half of 2026.
Figure 1: Airborne Gravity Gradiometry with interpretation of felsic domes
Qualified Person
The scientific and technical information in this press release has been reviewed and approved by
Mr. François Goulet, P .Geo., an independent consulting geologist and a Qualified Person as
defined under National Instrument 43-101.
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 Helimag
Program; the ability of the Helimag Program and related compilations to identify new VMS type
targets at the Noranda Mining 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 fr om 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 will prove to be correct. Consequently, the Corporation cautions investors that any
forward-looking statements b y the Corporation are not guarantees of future results or
performance and that actual results may differ materially from those in forward -looking
statements.