FALCO ANNOUNCES A MEMORANDUM OF UNDERSTANDING WITH COMMISSION SCOLAIRE DE ROUYN-NORANDA Pavillon Quémont Relocation Program
For Immediate Release TSX.V - FPC
FALCO ANNOUNCES A MEMORANDUM OF UNDERSTANDING
WITH COMMISSION SCOLAIRE DE ROUYN-NORANDA
Pavillon Quémont Relocation Program
(September 20, 2017) Montreal, Québec – Falco Resources Ltd (“Falco” or the “Company”) (TSX.V : FPC)
is pleased to announce a Memorandum of Understanding with the Commission s colaire de Rouyn-
Noranda to acquire a building (“Pavillon Quémont”) located on the site of the Horne 5 Project. The
acquisition is one of the essential and pre-requisite steps in the dewatering and development phase of
the Horne 5 Project.
The Council of Commissioners of the Commission s colaire de Rouyn- Noranda and Falco’s Board of
Directors have approved the Memorandum of Understanding regarding the relocation program for all
Pavillon Quémont activities.
The Memorandum of Understanding confirms that Falco will own the building that bears the name
Pavillon Quémont upon delivery of the relocation project. The Pavillon’s training and labour market
integration activities will soon be provided at Complexe La Source-Polymétier (the “Complex”). Falco will
fully fund and conduct the expansion of the Complex to accommodate the new activities. The
agreement also includes moving Ateliers Manutex, a social economy enterprise, into the Complex.
Relocation and construction costs are estimated at $22.5 million. The work will commence in autumn
2017, following the reception of required permits and authorizations. Falco will be the prime contractor.
Mr. Daniel Candem, Chair of the Council of Commissioners of the Commission s colaire de Rouyn-
Noranda, declared: “This is a successful conclusion for our students and the staff of Pavillon Quémont,
who are now able to team up with the services offered by the Complexe La Source -Polymétier in an
environment that fosters learning and innovation. I am equally certain that the Commission s colaire de
Rouyn-Noranda and Falco Resources will reach other service agreements to the benefit of our students
and future employees of the company.
Ms. Hélène Piuz, Chair of the Board of Directors of Ateliers Manutex , noted: “ This is a wonderful
opportunity for us to modernize our facilities and create development opportunities. This agreement
aligns with our goals.”
Mr. Mario Provencher, Mayor of Rouyn -Noranda, commented: “ The presence of Falco Resources can
already be felt. The project is a $22.5 million investment in the field of education for our municipality.
This is very positive news for Rouyn-Noranda.”
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Mr. Luc Lessard, President and CEO of Falco, added: “We are very pleased with the discussions we held
with all stakeholders. This agreement clearly demonstrates our ability to create major projects in Rouyn-
Noranda and our genuine interest in the education and quality of life for the people of our host
community. The Horne 5 Project meets all economic, social and environmental development criterias.”
TRAME, an architect firm, and SNC-Lavalin Stavibel Inc., an engineering firm, both of Rouyn-Noranda,
are the professional firms retained for the engineering and supervision work.
About Falco Resources Ltd.
Falco is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings
in the Abitibi Greenstone Belt. Falco owns 68, 600 hectares of land in the Rouyn-Noranda mining camp,
which represents 70% of the entire camp and includes 13 former gold and base metal mine sites. Falco's
principal property is t he Horne 5 Project located in the former Horne Mine that was operated by
Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of
copper. Osisko Gold Royalties Ltdis the largest shareholder of the Company and currently owns 13.3% of
the outstanding shares of the Company.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward -looking information (together, "forward -
looking statements") within the meaning of applicable securities laws and the United States Private Securities
Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward- looking
statements. Generally, forward -looking statements can be identified by the use of terminology such as "plans",
"expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain
actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved” . Forward -
looking statements involve risks, uncertainties and other factors that could cause actual results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward- looking
statements. Factors that could cause actual results to differ materially from these forward- looking statements
include the reliability of the historical data referenced in this press release and those risks set out in Falco's public
documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com.. Although
Falco believes that the assumptions and factors used in preparing the forward- looking statements are reasonable,
undue reliance should not be placed on these statements, which only apply as of the date of this news release, and
no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required
by applicable l aw, Falco disclaims any intention or obligation to update or revise any forward- looking statement,
whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is d efined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
For further information please contact:
Vincent Metcalfe
Chief Financial Officer
514-905-3162
Bettina Filippone
Renmark Financial Communications Inc.
514-939-3989