Falco’S Horne 5 Project Before the Bape Falco Resources Completes Public Hearing Process
For Immediate Release TSX.V - FPC
FALCO’S HORNE 5 PROJECT BEFORE THE BAPE
FALCO RESOURCES COMPLETES PUBLIC HEARING PROCESS
MONTREAL, October 4, 2024 –Falco Resources Ltd (TSX.V: FPC) (“Falco” or the “Company”)
would like to thank the public, organiz ations and businesses that partic ipated in the hearings of
the Office of Public Hearings on the Environment (BAPE) that ended on October 3 rd in the
Anishinabeg community of the Long Point First Nation. During this second part of the public
hearings, the many participants expressed their point of view on the Falco Horne 5 Project.
More than 90 briefs were filed with the Commission of Inquiry, which offers participants the
opportunity to make their voices heard and s hare their perspectives. Falco welcomes the support
and commitment expressed by participants for the project, while taking into account the concerns
raised and the recommendations made. Falco also welcomes the respectful and constructive climate
in which the second part of the hearings took place, reflecting the collective commitment to the future
of Rouyn-Noranda.
Ultimately, this exercise helped to frame the challenges and opportunities associated with the project
and Falco will now take the time to analyze all the memoirs. It will then bring together the Advisory
Committee to discuss the issues raised and collecti vely identify pos sible solutions to improve its
project to allow for harmonious development.
Falco proposed several innovative initiatives that will allow for rigorous planning, aimed at minimizing
the additional pressure on the surrounding environment. Falco noted that its proactive and
collaborative approach was well received, and that many are already mobilizing to participate in the
reflection. Taking its responsibilities seriously, Falco is determined to meet the expectations
expressed, partic ularly with regard to the environment, the social and economic dev elopment of
Rouyn-Noranda and will be ready to deliver a project that will meet its commitments.
Hélène Cartier, Vice-President, Environment, Sustainable Development and Community Relations,
said, “Completely legitimate concerns have been shared and we are in listening mode in order to
optimize our project. We felt the community's desire to prepare for the delivery of the project and to
take advantage of the coming years to gradually prepare the host env ironment. We warmly thank
the many participants present throughout this process. We would also like to thank Mr. Joseph
Zayed, President, as well as Mr. Martin Less ard and Ms. Geneviève Meloche, Commissioners,
whose contribution, professionalism, expertise and attentiveness must be highlighted.”
Luc Lessard, President and CEO, stated, “The information received from the participants will be
treated by Falco with the greatest consideration and there is no doubt that it will be beneficial for the
project and all the communities. We would like to thank our employees and consultants for their
support and exceptional work during this process. We are convinced that the Falco Horne 5 Project
will be an extraordinary opportunity for growth, development and diversification for the region. The
Falco Horne 5 Project has the potential to act as an economic lever, but also as a social lever for the
benefit of the Rouyn-Noranda community.”
The BAPE report is due to be sent to the minist er by December 26, 2024 and its publication is
scheduled for mid-January 2025.
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 the Falco 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 16.7% interest in the Corporation.
For further information, please contact:
Luc Lessard
President, Chief Executive Officer and Director
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 Statement on Forward-Looking Information
This press release contains forward-looking statements and forward-looking information
(collectively, “forward-looking statements ”) within the meaning of applicable securities laws.
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. The occurrence
of such events or the realization of such statements is subject to a number of risk factors identified
in Falco’s 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 assurance can be given that such events will occur in the
disclosed time frames or at all. 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, future events or otherwise.