Falco Resources (TSX VENTURE: FPC) ("Falco") is pleased to announce the final results from its confirmation drilling program on the Company's 100% owned Horne 5 project. New results include two pilot holes and two wedges. The planned total of 18 holes have now been completed, logged and assayed. Comparisons of the results obtained in this confirmation drilling program with the nearest historical data have successfully confirmed the overall grade and geometry of the Horne 5 deposit.

HIGHLIGHTS FROM HORNE 5 CONFIRMATION DRILLING PROGRAM

Analytical results in the mineralized zones have now been received for all 18 holes drilled. 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 application of a cut-off grade, and 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 shown below does not include silver analytical results which are lacking in the historical data base.

The results from the two additional pilot holes (H5-15-07, H5-15-09) and their respective wedges continue to confirm the grades of the historical drill holes.

A total of 17,150m were drilled in the 18 holes. Nine pilot holes and nine wedges were required to complete the program, with the drilling primarily targeting five mineralized zones within the Horne 5 deposit. The holes varied between 1,000 and 2,030 metres in length. The Company drilled an additional 1,150m versus the planned 16,000m, with the additional drilling conducted in order to follow mineralization, test extensions and a new area.

Luc Lessard, President & CEO of Falco, commented: "The Horne 5 confirmation drilling program was designed to validate the historical database and confirm the tremendous potential of the Horne 5 Deposit. By completing the drilling program, Falco has reached another significant milestone of the project's development schedule."

The Company has mandated InnovExplo to complete a new NI 43-101 resource calculation on the Horne 5 Deposit, which it expects to release in the coming months.