FPC Falco Resources Ltd

Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) announces that the six (6) nominees listed in the management information circular dated December 11, 2023, were elected as directors of Falco.

Detailed results of the vote for the election of directors held at the annual meeting of shareholders on January 24, 2024 are set out below:

ITEM No1Nominee	Votes CastFOR	Percentage (%) of Votes Cast FOR	Votes    AGAINST	Percentage (%)of Votes AGAINST
Mario Caron	120,256,057	99.612	468,429	0.388
Alexander Dann	96,494,823	79.930	24,229,663	20.070
Claude Dufresne	120,250,663	99.608	473,823	0.392
Paola Farnesi	120,221,703	99.584	502,783	0.416
Luc Lessard	119,795,273	99.230	929,213	0.770
Chantal Sorel	120,473,879	99.792	250,607	0.208

Appointment and Remuneration of Auditor

PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed as independent auditor of the Corporation for the ensuing year, with the following results:

ITEM No2	Votes castFOR	Percentage (%)of Votes CastFOR	Votes WITHHELD	Percentage (%)of Votes WITHHELD
Appointment and Remuneration of Auditor	127,600,354	99.977	28,797	0.023

Long-Term Incentive Plan Resolution

Shareholders approved the ordinary resolution with respect to the approval of the Corporation’s existing rolling 10% long-term incentive plan (“LTIP”). The results are as follows:

ITEM No3	Votes CastFOR	Percentage (%) of Votes CastFOR	Votes     AGAINST	Percentage (%) of Votes AGAINST
Ordinary resolution to approve the Corporation’s LTIP	102,167,254	84.628	18,557,232	15.372

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 more than 67,000 hectares of land in the Noranda Mining Camp, which represents 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 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 LessardPresident, Chief Executive Officer and Director514-261-3336info@falcores.com

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 news release contains forward-looking statements and forward-looking information (together, “forward looking statements”) within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”, “occur” or “be achieved”, the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. 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 frame 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.