Falco Announces Election of Directors, Appointment of Lead Director and Granting of Stock Options4:01PM ET on Wednesday Nov 25, 2015 by Marketwire

Falco Resources Ltd. (TSX VENTURE: FPC) ("Falco" or the "Company") announces that the seven (7) nominees listed in the management information circular dated October 27, 2015, were elected as directors of Falco.

Detailed results of the vote for the election of directors held at the annual meeting of shareholders on November 24, 2015 are set out below.

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                                    Votes       %         Votes       %
             Nominee                  For       For     Withheld   Withheld
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Mario Caron                        36,982,988   99.97%      10,000     0.03%
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Hélène Cartier                     36,979,988   99.96%      13,000     0.04%
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James Davidson                     35,039,288   94.72%   1,953,700     5.28%
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Claude Ferron                      34,401,788   93.00%   2,591,200     7.00%
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Paul-Henri Girard                  35,039,288   94.72%   1,953,700     5.28%
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Luc Lessard                        36,992,988  100.00%           0     0.00%
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Sean Roosen                        35,039,288   94.72%   1,953,700     5.28%
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The appointment of PricewaterhouseCoopers LLP also as provided for in the management information circular was approved.

LEAD DIRECTOR

The Board of Directors is pleased to announce the appointment of Mr. Mario Caron, newly elected director of the Corporation, who will also act as lead director of the Board.

Mr. Caron holds a Bachelor of Engineering, Mining at McGill University and is a member of the Québec Order of Engineers and the Association of Professional Engineers of Ontario. He is a mining executive with over 35 years of experience in the mining industry, including board and management expertise in operations, development, exploration, and capital markets as well as government relations with companies having projects in the Americas, Africa and South-East Asia.

LONG-TERM INCENTIVE GRANTS

Following the election of directors, the Board of Directors approved the grants of incentive stock options to the newly elected directors to purchase up to an aggregate of 734,521 common shares in the share capital of the Company. Grants to directors are subject to a two-year vesting period and a three-year term, at an exercise price of $0.26 per share.