Falco Buys Back a Portfolio of Net Smelter Royalties

MONTREAL, April 12, 2021 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (FPC: TSX-V) (“Falco”) announces that, pursuant to the exercise of a right of first refusal, it has bought back, a portfolio of net smelter return royalties varying from 1% to 2% from IAMGOLD Corporation (the “IAMGOLD NSR”) relating to, among others, properties known as Flavrian and Central Camp. Such properties are not part of the Horne 5 properties. In consideration for the IAMGOLD NSR, IAMGOLD received a cash amount of US$500,000.

About Falco

Falco is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns approximately 70,000 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 asset is the Horne 5 Project located in the former Horne mine that was operated by Noranda (now Glencore Canada Corporation) from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Gold Royalties Ltd’s subsidiary, Osisko Development Corp. is Falco’s largest shareholder owning 18.2% interest.

For further information, please contact:

Luc LessardPresident and Chief Executive Officer and Director514-261-3336[email protected]

Jeffrey White, LL.B, MBADirector, Investor Relations 416-274-7762[email protected]

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.

You May Also Be Interested In

• Genco Shipping & Trading Limited Mails Letter to Shareholders
• Cortechs.ai Announces Major FDA 510(k)-Pending Update to NeuroQuant Software, Expanding Capabilities in Neuroimaging
• Chiesi Global Rare Diseases Announces Publication of Results from Fabry Disease Patient Survey