HORNE 5 PROJECT

Falco Resources’ Horne 5 Project area in Rouyn-Noranda encompasses the former producing Horne and Quemont mines, as well as the Horne 5 deposit. The Horne mine, discovered by EH Horne in 1920 and operated by Noranda from 1926 to 1976, was one of the richest VMS mines in Canada as it produced over 54 Mt @ 6.1 g/t gold, 13 g/t silver and 2.22% copper.

The Quemont mine is located 600 metres north of Horne and produced approximately 2 million ounces of gold and 400 million pounds of copper between 1949 and 1971.

Positive Feasibility Study

On October 16, 2017, Falco announced the results of a positive feasibility study prepared in accordance with National Instrument 43-101 for the Company's Horne 5 Gold Project located in Rouyn-Noranda, Québec, Canada.

The Horne 5 Deposit

The Horne 5 Deposit sits immediately below the former producing Horne Mine, which was operated by Noranda Inc. from 1926 to 1976 and produced approximately 2.5 billion pounds of copper and 11.6 million ounces of gold.