Falco Horne 5 Drilling Continues to Confirm Grade and Geometry8:00AM ET on Wednesday Sep 16, 2015 by Marketwire Canada

Falco Resources (TSX VENTURE: FPC) ("Falco") is pleased to announce additional positive results of its current confirmation drilling program on the Company's 100% owned Horne 5 project. The new results include 2 additional pilot holes and two wedges. The Horne 5 confirmation drill program consists of 18 holes totaling 16,000 meters. To date, 10 holes have been completed, logged, analyzed and assayed. Six additional holes are in progress or completed with results pending, two remaining wedges are to be initiated. The drilling program will be completed by the end of September. Comparisons of the new results with the nearest historical data continue to confirm the overall grade and geometry of the Horne 5 deposit.

The Company also wishes to announce the initiation of a 5,000 meter drilling program on its Riviere Mouilleuse ("RIMO") target and the imminent launch of a 6,300 meter drilling program on the upper part of the Horne 5 deposit ("Horne 5 PLUS").

The Company is encouraged with the current developments. With the addition of the RIMO and Horne 5 PLUS drilling programs, the Company will complete in excess of 27,000 meters of new drilling in 2015.

HIGHLIGHTS FROM CONFIRMATION HORNE 5 DRILLING PROGRAM

Analytical results have been received for the first 10 holes drilled at Horne 5. Results received to date can be summarized as follows:

Comparisons of these results with the nearest historical data are shown in the following tables. The comparisons are made on all assays for the entire length of the mineralized zone without applying a cut-off grade. The lengths presented are core length. Given the historical drill holes are not parallel to the 2015 drill holes, cylinders of 15m around the 2015 drill holes were used to select the historical samples in the immediate vicinity of the drill hole for the basis of comparison. Note that the historical data did not include any silver values.

The additional results from the 2 additional pilot holes (H5-15-04, H5-15-06) and their respective wedges confirm the grades of the historical drill holes.

Comparison of 2015 Drill Hole Data vs. Historical Raw Assay Data

                    ---------------------------------
                                           Historical
                                            Raw Assay
                      New Hole Drill Data     Data
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                                   AuEq       AuEq      2015 Drill
                     Au_Eq_With   Without    Without   Results vs.
   Hole_ID    Length   Silver     Silver     Silver     Historical    Data
               (m)      (g/t)      (g/t)      (g/t)      Results    Released
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H5-15-01        31.2       3.00       2.85       2.82          0.9%   Jul-15
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H5-15-01-Atw    36.7       1.45       1.38       2.85       (51.5%)   Jul-15
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H5-15-02       100.9       2.93       2.48       1.92         29.4%   Jul-15
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H5-15-02-Atw    87.0       2.82       2.39       2.16         10.6%   Jul-15
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H5-15-03B      116.7       1.34       1.11       1.23        (9.7%)   Jul-15
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H5-15-03Dtw    134.4       1.46       1.23       1.28        (3.7%)   Jul-15
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H5-15-04        25.5       1.45       1.30       1.55       (16.3%)   Sep-15
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H5-15-04-Atw    30.3       2.26       2.09       1.61         30.1%   Sep-15
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H5-15-06        54.5       2.43       2.19       2.50       (12.6%)   Sep-15
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H5-15-06-Atw    57.5       3.11       2.77       2.51         10.2%   Sep-15
----------------------------------------------------------------------------
Total          674.7       2.16       1.88       1.87          0.7%
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<table>

Breakdown of Confirmation Drilling Results at $0 NSR ---------------------------------------------------------------------------- ($0 NSR) 2015 Diamond Drill Hole Results ---------------------------------------------------------------------------- From To Length Au Ag Cu Zn Hole_ID (m) (m) (m) (g/t) (g/t) (%) (%) ---------------------------------------------------------------------------- H5-15-01 1,110 1,141 31.2 2.03 10.16 0.46 0.04 ---------------------------------------------------------------------------- H5-15-01-Atw 1,105 1,142 36.7 0.88 4.51 0.27 0.06 ---------------------------------------------------------------------------- H5-15-02 1,001 1,102 100.9 1.32 29.46 0.11 1.94 ---------------------------------------------------------------------------- H5-15-02-Atw 1,002 1,089 87.0 1.43 28.61 0.13 1.47 ---------------------------------------------------------------------------- H5-15-03B 1,248 1,365 116.7 0.50 15.51 0.06 1.00 ---------------------------------------------------------------------------- H5-15-03Dtw 1,255 1,390 134.4 0.55 15.44 0.08 1.10 ---------------------------------------------------------------------------- H5-15-04 1,302 1,327 25.5 0.73 10.27 0.13 0.71 ---------------------------------------------------------------------------- H5-15-04-Atw 1,290 1,320 30.3 0.95 11.05 0.14 1.79 ---------------------------------------------------------------------------- H5-15-06 1,189 1,243 54.5 1.36 16.16 0.26 0.73 ---------------------------------------------------------------------------- H5-15-06-Atw 1,189 1,247 57.5 1.72 22.50 0.32 0.99 ---------------------------------------------------------------------------- Total 674.75 1.05 18.68 0.15 1.13 ---------------------------------------------------------------------------- Grade % Difference ----------------------------------------------------------------------------

Breakdown of Confirmation Drilling Results at $0 NSR -------------------------------------------------------------------- 2015 Diamond Drill Hole ($0 NSR) Results Weighted Average of 2014 Raw ---------------------------------------------------------------------------- Au_Eq_ Au_Eq_ Au_Eq_ With Without Without 2015 vs Silver Silver Au Cu Zn Silver 2014 Hole_ID (g/t) (g/t) (g/t) (%) (%) (g/t) % ---------------------------------------------------------------------------- H5-15-01 3.00 2.85 2.26 0.30 0.10 2.82 0.9% ---------------------------------------------------------------------------- H5-15-01-Atw 1.45 1.38 2.18 0.35 0.12 2.85 (51.5%) ---------------------------------------------------------------------------- H5-15-02 2.93 2.48 1.14 0.11 1.19 1.92 29.4% ---------------------------------------------------------------------------- H5-15-02-Atw 2.82 2.39 1.25 0.12 1.41 2.16 10.6% ---------------------------------------------------------------------------- H5-15-03B 1.34 1.11 0.79 0.06 0.67 1.23 (9.7%) ---------------------------------------------------------------------------- H5-15-03Dtw 1.46 1.23 0.82 0.06 0.70 1.28 (3.7%) ---------------------------------------------------------------------------- H5-15-04 1.45 1.30 0.81 0.11 1.11 1.55 (16.3%) ---------------------------------------------------------------------------- H5-15-04-Atw 2.26 2.09 0.83 0.12 1.13 1.61 30.1% ---------------------------------------------------------------------------- H5-15-06 2.43 2.19 1.84 0.29 0.31 2.50 (12.6%) ---------------------------------------------------------------------------- H5-15-06-Atw 3.11 2.77 1.89 0.28 0.28 2.51 10.2% ---------------------------------------------------------------------------- Total 2.16 1.88 1.23 0.14 0.77 1.87 0.7% ---------------------------------------------------------------------------- Grade % Difference (14.9%) 7.0% 46.8% 0.7% --------------------------------------------------------------------

</table>

The new drilling is verifying the geometry of mineralized zones previously defined by the historic work by Noranda and compares favorably in terms of grade. Drill holes H5-15-02 and H5-15-03 tested a silver and zinc-rich portion of the deposit located in the upper part of the deposit. Drill hole H5-15-04 tested the extension of the resource envelop. Drill hole H5-15-06 initiated the testing of a gold and copper-rich zone. Ongoing drilling will test gold and copper-rich zones within the main envelop. Based on the recent results and current drilling program, the company expects the remaining holes to continue to confirm the historical data and existing resources.

Tested Areas and Future Drilling Targets within the Main Ore Envelope

Historically 4,386 holes were drilled at Horne 5 representing a total of 305 kilometres of drilling. This drill data has been digitized and served as the basis to publish the initial NI 43-101 Inferred resource and for devising the current confirmation drilling program.