Falco Resources Confirms Board Elections, Leadership Changes and Shareholder Approvals

Falco Resources Ltd. (TSX.V: FPC) confirmed that all five nominees listed in its management information circular from November 4, 2025, were elected to the Board of Directors. Alexander Dann has been appointed Chair of the Board, succeeding Mario Caron, who continues as lead director. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as auditor and reaffirmed the Company's rolling 10% long-term incentive plan. Additionally, amendments to the existing OR Royalties convertible secured senior loan, including the issuance of warrants, were approved. Falco further confirmed the closing of previously announced senior debt transactions with OR Royalties Inc. and Glencore Canada Corporation, effective December 31, 2025. These developments are significant as they provide stability in governance and secure financial backing for the Company's operations.

The approvals and leadership changes come at a critical time for Falco, which is one of the largest mineral claim holders in Québec, with an extensive portfolio in the Abitibi-Témiscamingue greenstone belt. The Company holds rights to approximately 63,000 hectares in the Noranda Camp, representing 63% of the camp and including 13 former gold and base metal mining sites. Falco's main asset is the Horne 5 project, located beneath the former Horne mine that produced 11.6 million ounces of gold and 2.5 billion pounds of copper under Noranda's operation from 1927 to 1976. Osisko Development Corp. is Falco's largest shareholder, with an approximate 16% interest. The shareholder approvals and debt transactions are essential for advancing the Horne 5 project, which is central to Falco's growth strategy in the region.

The implications of these announcements are far-reaching for investors and the mining industry. The board elections and leadership appointments ensure experienced oversight, while the financial approvals, such as the senior debt transactions with OR Royalties and Glencore, provide necessary capital for development. This strengthens Falco's ability to leverage its assets in a competitive market. The reaffirmation of the long-term incentive plan aligns management interests with shareholder value, promoting sustainable growth. For more information on Falco's operations, visit https://www.falcores.com/. These steps are vital as they enhance corporate governance, secure funding, and position Falco to capitalize on its significant land holdings, potentially impacting future production and economic contributions in Québec's mining sector.