Falco Announces Acceleration of Outstanding Warrants for Proceeds up to C$1.2M

MONTREAL, QC --(Marketwired - June 21, 2016) - Falco Resources Ltd. (TSX VENTURE: FPC) ("Falco" or the "Company) is pleased to confirm that the Company has elected to accelerate to July 17, 2016 the expiry date of 2,312,500 warrants (the "Warrants") issued as part of the July 22, 2015 private placement completed with strategic Québec Funds and Osisko Gold Royalties Ltd. and which were originally set to expire on July 22, 2017. Each Warrant may be exercised to acquire one common share of Falco at $0.52, for gross proceeds to Falco of up to C$1.2 million assuming all Warrants are exercised.

Under the terms of the Warrants, Falco is permitted to accelerate their expiry date if the volume weighted average trading price of the Company's common shares listed on the TSX-V is at or above C$0.65 for twenty consecutive trading days (the "Acceleration Event"). Falco is pleased to confirm that an Acceleration Event occurred as of June 16, 2016. Accordingly, Falco has chosen to accelerate the expiry date of the Warrants to July 17, 2016.

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 74,000 hectares of land in the Rouyn-Noranda mining camp, which represents 70% of the entire camp and includes 13 former gold and base metal mine sites. Falco's principal property is the Horne Mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. A updated 43-101 mineral resource estimate for the Horne 5 deposit delineated an Indicated Resource of 5,361,000 gold equivalent ounces ("oz AuEq"), including 3,418,232 oz Au hosted in 58.3 million tonnes averaging 2.86 g/t AuEq (1.82 g/t Au; 15.60 g/t Ag; 0.20% Cu; 1.00% Zn) and an Inferred Resource of 1,254,000 oz AuEq, including 854,534 oz Au hosted in 12.7 million tonnes averaging 3.08 g/t AuEq (2.10 g/t Au; 26.26 g/t Ag; 0.22% Cu; 0.57% Zn.) -- see January 25th, 2016 press release for details. Osisko Gold Royalties is the largest shareholder of the Company and currently owns 16.2% of the outstanding shares of the Company.