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WEBSITE INFORMATION

Falco Resources Ltd. (the “Corporation” or “Falco“) has taken all reasonable care in producing and publishing the information contained on this website and will endeavor to do so regularly. Although the Corporation has been diligent and careful in preparing and maintaining the information and materials contained herein, they are provided on an “as is” basis, without warranty of any kind, either express or implied, with respect to the accuracy or completeness of the information. Material on this website may still contain technical or other inaccuracies, omissions, or typographical errors, for which the Corporation assumes no responsibility. Falco does not warrant or make any representations regarding the use, validity, accuracy, completeness, or reliability of any claims, statements, or information on this website. Under no circumstances, including, but not limited to, negligence, shall Falco be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site.

This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Falco to that effect. This information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this website, except for personal use unless you have obtained our express permission.

The TSX Venture has not reviewed the information on this website and does not accept responsibility for the adequacy or accuracy of it.

FORWARD-LOOKING STATEMENTS

Except for the statements of historical fact contained herein, certain information presented on this website constitutes forward-looking statements concerning the business, operations, plans and financial performance and condition of Falco. Forward-looking statements include, but are not limited to, statements with respect to the assumptions contained in the Corporation’s 2021 updated feasibility study entitled “Feasibility Study Update, Horne 5 Gold Project ”, dated effective March 18, 2021, including, without limitation, the economic parameters such as NPV, IRR, AISC, all-in cost (CAPEX/ OPEX), capital costs and expenses, operating and exploitation costs, LOM, the price of long-term commodities, the annual gold production average, the after-tax recovery period, the project execution schedule including the start of production; the economic assumptions and sensitivities and other operational and economic projections relating to the Horne 5 Project; maintaining the social acceptability of the Horne 5 Project; the development, dewatering, operations and mining at the Horne 5 Project; the financing of the dewatering and construction of the Horne 5 Project; the conditions precedent to the ability to conduct dewatering or mining activities under the Operating License and Indemnity Agreement (the “OLIA”) between the Corporation and Glencore Canada Corporation (“Glencore Canada”); the ability of Falco to provide the required financial assurances and insurance policies in favor of Glencore Canada; the impact and risks to Glencore Canada’s Horne Smelter that may arise from the development and operation of Falco’s Horne 5 Project; the permitting of the Horne 5 Project and the potential suspension or modification of the operations of Falco’s Horne 5 Project to the extent required under the OLIA. Estimates of mineral reserves and resources also constitute forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserve and resources described exist in the quantities estimated and that the reserves can be profitably mined in the future, and no assurance can be given that the estimates will be realized.

Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “seeks”, “may”, “should”, “will”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual plans, results, performance, or achievements of the Corporation to differ materially from any future plans, results, performance, or achievements expressed or implied by the forward-looking statements. These risks and uncertainties also include: the risk that the conditions precedent to the ability of Falco to conduct dewatering and mining activities under the OLIA may not be satisfied; the risks that Falco may not obtain the required financial assurances or insurance policies to be provided to Glencore Canada, or the financing required to develop or operate the Horne 5 Project; the risks that the required permits and authorizations required from governmental authorities to develop and operate the Horne 5 Project may not be obtained on the terms contemplated or at all; the ability to obtain admissibility of the environmental impact assessment of the Horne 5 Project and to prepare and complete the Horne 5 Project‘s formal public consultation process; the risk that the OLIA may be terminated in accordance with its terms as a result of an event of default or otherwise, or certain other terminations relating to delays in the commencement of dewatering or mining activities beyond the specified deadlines set forth in the OLIA; the risk that, once commenced, certain operations of the Horne 5 Project may have to be suspended, altered or modified pursuant to the conditions of the OLIA; the risks that Glencore Canada may require modifications to Falco’s operations at the Horne 5 Project pursuant to an order issued by Glencore Canada under the OLIA which would render the operations less profitable or not profitable (compared to expectations in the latest feasibility study for the Horne 5 Project); the risk that Falco may incur significant losses and other obligations under the indemnities contemplated in the OLIA in favor of Glencore Canada; as well as other risks and uncertainties set forth in Falco’s continuous disclosure documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes the forward-looking statements on this website are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Consequently, the Corporation cautions investors that any forward-looking statements by the Corporation are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements.

Although Falco has attempted to identify important factors that could cause actual plans, actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause plans, actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual plans, results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Corporation does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Corporation makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided on this website.

TITLE TO PROPERTY AND LICENSE TO OPERATE

Pursuant to an agreement between Falco and Glencore Canada, Falco owns certain rights to minerals and title to certain mining titles, including rights to the minerals located below 200 meters from the surface of mining concession CM-156PTB, where the Horne 5 deposit is located. Falco also owns certain surface rights surrounding the Quemont No. 2 shaft (located on mining concession CM-243). Under such agreement, ownership of the mining concessions remains with Glencore Canada.

In order to access the Horne 5 Project, Falco entered into the OLIA with Glencore Canada pursuant to which Glencore Canada granted Falco, subject to the terms and conditions contained in the OLIA, a license to utilize a portion of its lands, which Falco will use to develop, construct and operate Falco’s wholly-owned Horne 5 Project. The ability of Falco to commence certain conditioned activities under the OLIA, including dewatering and mining activities of the Horne 5 Project, is also subject to Falco satisfying the conditions precedents included in the OLIA, including providing Glencore Canada at the relevant time, financial assurances in the form of letters of credit, performance guarantee or similar guarantees, and the other conditions summarized in the material change report of Falco dated February 1, 2024.

Furthermore, Falco will also have to obtain a number of rights of way or other surface rights in order to construct and lay in the ground the pipeline that will carry the tailings to a Tailings Management Facilities (“TMF”) located approximately 11 km from the City of Rouyn-Noranda. Falco is also required to obtain definitive rights to the TMF site, which are currently held by a third party.

While Falco believes that it should be able to meet the conditions precedent under the OLIA in a timely manner and to obtain definitive rights to the TMF site, there can be no assurance that any such conditions precedent will be met and any such rights to the TMF rights will be granted, or if granted will be on terms acceptable to Falco. Any delay may also negatively impact on the project schedule.

DISCLOSURE OF MINERAL TECHNICAL INFORMATION

Readers are advised that National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“National Instrument 43-101”) requires that each category of mineral reserves and mineral resources be reported separately. All technical information about our mineral properties is subject to the more detailed information filed by the Corporation with securities regulators. Readers should refer to the latest continuous disclosure documents publicly available at www.sedarplus.ca, for this detailed information, which is subject to the qualifications, assumptions and notes set forth therein. You are cautioned not to assume that any part or all the mineral resources constitute or will ever be converted into reserves. In particular, the confidence in inferred mineral resources is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability. Accordingly, it cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, issuers must not make any disclosure of the results of an economic analysis that includes or is based upon inferred mineral resources, except in rare cases.

The technical and scientific information contained in this website has been reviewed and approved by Luc Lessard, Geo., President and Chief Executive Officer of Falco who is a Qualified Person as defined by National Instrument 43-101.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This website uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian regulations, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically or legally mineable.

THIRD PARTY LINKS

The Corporation has provided links from this website to several other websites that are arms-length to the Corporation and over which Falco has no control. These links and references are being provided for the convenience of the users of this website and Falco does not endorse and is not responsible or liable for the content, nature, or reliability of any linked or referenced website or any link contained in a linked or referenced website. Falco takes no responsibility for monitoring, updating, supplementing, or correcting any information on any linked or referenced website and makes no representation or warranties regarding such information. The reader should be aware that in linking to these outside websites, he or she is leaving the Corporation website, and that the Corporation is not responsible for the content of any other site.

PRIVACY NOTICE

The Corporation respects the privacy of visitors to its website. Please refer to our Privacy Notice. For any inquiries about the personal information we process on you, we invite you to contact Falco’s Chief Privacy Officer,  Ms. Mireille Tremblay, Vice President Legal Affairs and Corporate Secretary at mtremblay@falcores.com.

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The foregoing disclaimers hereby qualifies in its entirety the disclosure contained in this website.