Falco Announces the Appointment of a New Board Member (July 23, 20 20)
For Immediate Release TSX.V - FPC
FALCO ANNOUNCES THE APPOINTMENT OF A NEW BOARD MEMBER
(July 23, 20 20) Montreal, Québec - Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the
“Corporation”) is pleased to announce the appointment of Mr. Benoit Brunet to the Corporation’s
Board of Directors as a nominee of Osisko Gold Royalties Ltd (“Osisko”).
Mr. Benoit Brunet has over 10 years of experience in the finance sector. He has recently been
appointed as Vice President, Business Strategy of Osisko. Prior to that, he was with the Québec
Private Equity group of the Caisse de dépôt et placement du Québec (the “ Caisse”), one of the
largest North American institutional investors where he helped deploy $700 million in the mining
sector across the province of Québec. Up to his appointment with Osisko, he was overseeing
investments totaling approximately $1.5 billion and known for havin g structured innovative
financial instruments for some of the largest mining projects in Québec. Mr. Brunet has worked
closely with Osisko’s management team for the last several years and has a deep knowledge of
Osisko’s portfolio of assets and accelerator companies, including Falco.
Prior to joining the Caisse, Mr. Brunet worked at PricewaterhouseCoppers LLP for the assurance
group in Montréal. Mr. Brunet holds a CPA designation, an undergraduate and graduate degree
in public accounting from the Université du Québec à Montréal.
Mr. Bryan A. Coates, Chair of the Board of Directors of Falco, stated: “We are very pleased to
welcome Benoit to our Board of Directors. His knowledge of Quebec’s major financing institutions
as well as his business acume n will be a great complement to the Board. We look forward to
Benoit’s contribution to promote the development of the Horne 5 project”.
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 t he Horne 5 Project located
in the former Horne mine that was operated by Noranda from 19 27 to 1976 and produced
11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Gold Royalties Ltd is the
largest shareholder of the Corporation and curren tly owns 18.3% of the issued and outstanding
shares of the Corporation.
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For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514-261-3336
Jeffrey White, LL.B, MBA
Investor Relations Manager
416-274-7762
Amélie Laliberté
Coordinator, Investor Relations
418-455-4775
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 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. These statements are based on information currently available to the Company and the Company provides
no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates
and statements that describe the Company’s future p lans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. 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” and includes, without limitation, achievement of objectives set for the investor relation program. 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, without limitation, changes
in general economic conditions and conditions in the financial markets, changes in demand and prices for minerals,
failure to obtain the requisite permits and approvals from government bodies and third parties, regulatory and
governmental policy changes (laws and policies),operational difficulties encountered in connection with the activities of
the Company, other matters discussed in this news 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 law,
Falco disclaims any intention or obligation to update or revise any forward -looking statement, whether as a r esult of
new information, future events or otherwise.