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Falco Files Feasibility Study Technical Report FOR Horne 5 Project

Technical Reports (NI 43-101) Economic Studies

For Immediate Release TSX.V - FPC

FALCO FILES FEASIBILITY STUDY

TECHNICAL REPORT FOR HORNE 5 PROJECT

(Montreal, Québec, October 30th, 2017) – Falco Resources Ltd. (FPC: TSX-V) (“Falco” or the “Company”)

is pleased to announce that it has filed today on SEDAR a Nati onal Instrument 43 -101 technical report

for its wholly -owned Horne 5 gold project located in Rouyn -Noranda, Québec. Falco’s news release

dated October 16th, 2017 summarizes the assumptions and key results contained in the technical report.

There are no material differences between the assumptions and estimates contained in Falco's news

release dated October 16 th, 201 7 pertaining to this property, from those contai ned in the technical

report filed today.

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 about 67,000 hectares of land in the

Rouyn-Noranda mining camp, which represents approximately 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 from 1927 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

Company and currently owns 13.3% of the outstanding shares of the Company.

For further information contact:

Vincent Metcalfe

Chief Financial Officer

514-905-3162

[email protected]

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.