Falco Thanks the Community FOR Its Participation at the Bape Public Information Session
For Immediate Release TSX.V - FPC
FALCO THANKS THE COMMUNITY FOR ITS PARTICIPATION AT
THE BAPE PUBLIC INFORMATION SESSION
Rouyn-Noranda, May 21 , 2024 - Falco Resources Lt d. (TSX.V: FPC) (“Falco” or
the “Corporation”) provides a positive assessment of the public information meeting of the
Bureau d’audiences publiques sur l’environnement (“BAPE”) held on May 21st at the Petit Théâtre
du Vieux-Noranda. More than 200 people came for information and to ask questions about Falco’s
Horne 5 Project (“Falco’s Horne 5 Project” or the “Project”) not counting webcast participants,
which demonstrates the population’s high level of interest in the Project for all the surrounding
communities.
This public information session allowed the population and various organizations to obtain details
on the Project and answers on subjects of concern to them. Falco’s team has been engaged and
listening to citizens since day one. To that effect, Falco has heard each of the concerns raised
during the public information session and again invites the population to come meet the team at
Espace Falco, located at 157 Avenue Principale, in Rouyn-Noranda.
Hélène Cartier, Vice-President, Environment, Sustainable Development and Community
Relations, declared: “ I would like to thank the citizens who took the time to attend the public
information session. This process is essential and allows us to establish a climate of trust in
complete transparency. From the very beginning, we have worked to establish an open and
ongoing dialogue with the community. I invite the population to continue to learn and express
themselves on Falco’s Horne 5 Project in order to build a unifying and beneficial project for Rouyn-
Noranda and the entire region.”
Falco’s Horne 5 Project is an underground mining p roject of a world-class historic deposit. The
Corporation plans to produce a copper concentrate, a zinc concentrate, gold and silver over a 15-
year life of mine. Falco plans to reuse old infrastructures and restore environmental liabilities. It
therefore plans to use the old Quemont 2 shaft as access infrastructure to the Horne 5 mineral
zone and dispose of the tailings underground in the historic and new mining openings. Excess
tailings will be deposited on the site of the former Norbec mine.
Luc Lessard, President and CEO declared: “The BAPE process is an important and essential step
for Falco. It will demonstrate that Falco’s Horne 5 Project is a high-quality project integrated into
its community and that it will have major benefits beyond the city of Rouyn -Noranda. Our teams
have been working for years to push technological boundaries in order to sustainably exploit this
historic deposit.”
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The BAPE public information period relating to Falco’s Horne 5 P roject has been held since
April 24, 2024 and will end on June 10, 2024. Citizens, groups, municipalities or organizations
who wish the BAPE to carry out a public examination on the social, ecological and economic
aspects of the P roject have until June 10, 2024 to send a request for public consultation or
mediation to the Minister of the Environment, the Fight against Climate Change, Wildlife and
Parks. At the end of the public information period, a report will be sent to the Minister and made
public on the BAPE digital platforms.
On April 23, 2024, Falco wrote to the Minister of the Environment, Fight and Climate Change,
Wildlife and Parks and asked that a public review be held, led by the BAPE , regarding Falco’s
Horne 5 Project. Falco joined its voice to that of the municipality of Rouyn- Noranda and to local
organizations, reiterating to the government that holding public hearings is essential given the
interest of the Project for the community and for regional development.
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 67,000 hectares
of land in the Noranda Mining Camp, which represents 67% of the entire camp and includes
13 former gold and base metal mine sites. Falco’s principal asset is Falco ’s Horne 5 Project
located under 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 Development Corp.
is Falco’s largest shareholder owning a 17.3% interest in the Corporation.
For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514 261-3336
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 , in particular Falco’s ability to complete the BAPE, to
obtain receipt of permits and approvals required to develop Falco’s Horne 5 Project and the ability of Falco to efficiently
develop and operate Falco’s Horne 5 Project based on the terms of the O perating License and Indemnity Agreement
(“OLIA”)concluded with Glencore Canada Corporation (“Glencore Canada”) . 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 ability of Falco to provide the financial assurance guarantees
required by the OLIA and the exercise by Glencore Canada of rights under the OLIA which could affect the development
and operation of Falco’s Horne 5 Project, together with the other risk factors identified in Falco’s continuous disclosure
documents available at www.sedar plus.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 time 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 result of new information, future events or otherwise.