Falco Files Requested Documentation FOR the Horne 5 Project’S Environmental Authorization Process
For Immediate Release TSX.V - FPC
FALCO FILES REQUESTED DOCUMENTATION
FOR THE HORNE 5 PROJECT’S ENVIRONMENTAL AUTHORIZATION PROCESS
MONTRÉAL, May 12, 2025 - Falco Resources Ltd. (TSX.V: FPC) ("Falco" or the "Corporation")
is pleased to announce that it has responded to all questions and comments requested by the
Direction de l'évaluation environnementale (" DEE") des projets industriels et mini ers on
February 27, 2025 (the "Correspondence"), as more fully described in Falco's press release
dated March 3, 2025.
The responses, commitments, and explanatory letter submitted (the " Responses") follow the
meetings and clarifications obtained from representatives of the Ministère de l'Environnement, de
la Lutte contre les changements climatiques, de la Faune et des Parcs (the "Ministry") and other
ministries, regarding the principal issues raised by the Horne 5 project (the " Project"), in the
Correspondence. The Responses will allow the Ministry to complete its analysis in accordance
with the standard evaluation process.
Advancement of Certain Issues
Regarding the Ministry's interpretation of section 197 of the Clean Air Regulations ("CAR"), the
Ministry representatives are continuing their analysis, and Falco is confident that the Ministry's
position on this issue will be known in the coming weeks. For more information, refer to the
Corporation's press release dated March 3, 2025, by clicking on the following link.
Regarding the potential impacts of the Project on the Centre de radio- oncologie régional de
Rouyn-Noranda (Rouyn-Noranda Regional Radiation Oncology Centre), la Direction de santé
publique de l ’Abitibi-Témiscamingue (the Abitibi-Témiscamingue Public Health Department )
confirmed that it has selected its seismologist expert to form part of its technical committee of
experts who will work to assess the risks posed by the Project on the equipment, structures, and
activities of the Centre intégré de la santé et de services sociaux de l’Abitibi-Témiscamingue (the
Abitibi-Témiscamingue Integrated Health and Social Services Centre ) and to identify mitigation
measures to ensure the safety and proper operation of the facilities and activities. A first meeting
of the technical committee will be held in the coming weeks.
Luc Lessard, President and CEO of Falco, commented: "I would like to thank our employees and
experts for the work they have done to enable the submission of responses to the Ministry, which
brings us closer to a conclusion regarding the environmental authorization process for our
Horne 5 Project. Falco believes that the Ministry has all the relevant information to complete its
analysis and make its recommendation to the Members of Cabinet."
As previously disclosed, the results of the independent survey recently conducted by Léger
demonstrate strong majority support for the Project in Rouyn- Noranda and Abitibi -
Témiscamingue.
About Falco
Falco Resources is one of the larg est holders of mining titles in the province of Qué bec, with a
large portfolio of properties in the Abitibi greenstone belt. Falco holds rights to approximately
67,000 hectares of land in the Noranda Mining Camp, representing 67% of the entire camp and
including 13 former gold and base metals mining sites. Falco’ s principal 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 a 16.0% interest in the Corporation.
For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514 261-3336
Neither 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 release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward- looking statements and forward- looking information
(collectively, “forward-looking statements”) within the meaning of applicable securities laws.
These statements include references to the social acceptability of the Project , the Ministry ’s
interpretation of section 197 of the CAR, the issues identified in the course of the BAPE process
and noted by the Ministry , the development of the Horne 5 Project and the granting of
environmental authorizations. These statements are based on information currently available to
the Corporation and the Corporation provides no assurance that actual results will meet
management's expectations. The occurrence of such events or the realization of such statements
is subject to a number of risk factors, including, without limitation, the risk factors identified in
Falco’s annual management ’s discussion and analysis and in other continuous disclosure
documents available at www.sedarplus.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 press release, and no ass urance can be given that such events will
occur in the disclosed time frames or at all. As mentioned by Falco in its public disclosure and in
its previous press releases, certain major issues have been raised by the Ministry in the context
of the development of the project and in the BAPE process, including the compliance of the Project
with section 197 of the CAR. There is no certainty or guarantee that the Ministry will change its
position regarding the application of section 197 of the CAR to the Project, that Falco will be able
to respond to the numerous additional requests from the Ministry in a timely manner or that Falco
will be able to raise the necessary funds to continue the additional studies requested by the
Ministry, which could significantly delay or prevent the granting of the required authorizations and
therefore have an adverse impact on the development of the Project and on Falco's financial
situation. Except as required by applicable law, Falco disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new information.