Falco Announces Election of Directors
For Immediate Release TSX.V - FPC
FALCO ANNOUNCES ELECTION OF DIRECTORS
(December 21, 2021) Montreal, Québec - Falco Resources Ltd. (TSX.V: FPC) ( “Falco” or the “Corporation”)
announces that five (5) director nominees listed in the management information circular of the Corporation
were elected during the annual meeting of shareholders held on December 20, 2021. In addition,
Mr. Claude Dufresne, a new proposed nominee by the Corporation, was also elected through the exercise
of the discretion deriving from the proxies granted by the shareholders to the management team of the
Corporation.
Mr. Dufresne has 30 years of experience in the mining industry. Until this fall, he was President, Chief
Executive Officer and Director of Niobay Metals inc., a position held since June 2014. Mr. Dufresne was a
manager at IAMGOLD and worked for 10 years as a metallurgist and plant superintendent for Cambior in
Québec and Guyana. He was also responsible for the sale and marketing of ferroniobium produced by the
Niobec mine in Québec for over 10 years. In 2007, Mr. Dufresne founded Camet Metallurgy Inc., a company
specializing in the sale and marketing of various metals. He has participated in economic studies on a
number of rare earth, niobium, manganese and bauxite projects and has acted as a supplier of various raw
materials for the steel industry. Mr. Dufresne obtained a diploma in mining engineering with a specialty in
mineral processing from Université Laval in 1991 and is a member of the Ordre des ingénieurs du Québec.
Detailed results of the vote for the election o f directors held at the annual meeting of shareholders on
December 20, 2021 are set out below:
ITEM No1
Nominee
Votes Cast
FOR
Percentage (%)
of Votes Cast
FOR
Votes
WITHHELD
Percentage (%)
of Votes
WITHHELD
Mario Caron 102,398,991 99.44 576,753 0.56
Alexander Dann 102,581,792 99.62 393,952 0.38
Claude Dufresne 108,623,669 100.00 n/a n/a
Paola Farnesi 102,353,978 99.40 621,766 0.60
Luc Lessard 102,537,156 99.57 438,588 0.43
Chantal Sorel 102,353,978 99.40 621,766 0.60
Appointment and Remuneration of Auditor
Based on the proxies received, PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was
appointed to serve as independent auditor of the Corporation for the ensuing year at a remuneration to
be fixed by the Board of Directors, with the following results:
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ITEM No2
Votes cast
FOR
Percentage (%)
of Votes Cast
FOR
Votes
WITHHELD
Percentage (%)
of Votes
WITHHELD
Appointment and
Remuneration of Auditor 108,230,091 99.73 289,113 0.27
Special By-Law Number 2021-1
Based on the proxies received, shareholders approved the ordinary resolution approving Special By -Law
Number 2021-1, a by-law amending the General By-Laws of the Corporation, providing greater flexibility to
the Corporation to hold meetings of shareholders by telephonic, electronic or other communication
facilities. The results are as follows:
ITEM No3
Votes cast
FOR
Percentage (%)
of Votes Cast
FOR
Votes
AGAINST
Percentage (%)
of Votes
AGAINST
Ordinary resolution to
approve the Corporation’s
Special By-Law Number
2021-1 102,818,867 99.85 156,577 0.15
Long-Term Incentive Plan Resolution
Based on the proxies received, shareholders approved the ordinary resolution approving the Corporation’s
existing long-term incentive plan (“LTIP”). The results are as follows:
ITEM No3
Votes cast
FOR
Percentage (%)
of Votes Cast
FOR
Votes
AGAINST
Percentage (%)
of Votes
AGAINST
Ordinary resolution to
approve the Corporation’s
existing LTIP 96,575,143 93.78 6,400,601 6.22
About Falco
Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with extensive
land holdings in the Abitibi Greenstone Belt. Falco owns approximately 70,000 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 asset is the Horne 5 Project located in the former Horne mine that
was operated by Noranda (now Glencore Canada Corporation) from 1927 to 1976 and produced 11.6
million ounces of gold and 2.5 billion pounds of copper. Osisko Gold Royalties Ltd.’s subsidiary, Osisko
Development Corp., is Falco’s largest shareholder owning a 17.3% interest in the Company.
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For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514-261-3336
Jeffrey White, LL.B, MBA
Director, Investor Relations
416-274-7762
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