Falco Resources Limited: Announces Election of Directors
MONTREAL, Nov. 14, 2019 - Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) announces that the six (6) nominees listed in the management information circular dated October 10, 2019, were elected as directors of Falco.Detailed results of the vote for the election of directors held at the annual meeting of shareholders on November 13, 2019 are set out below:
| ITEM No1 Nominee | Votes Cast FOR | Percentage (%) of Votes Cast FOR | Votes WITHHELD | Percentage (%) of Votes WITHHELD |
| Mario Caron | 63,503,131 | 77.36 | 18,582,280 | 22.64 |
| Bryan A. Coates | 65,683,046 | 80.02 | 16,402,365 | 19.98 |
| Paola Farnesi | 65,442,686 | 79.73 | 16,642,725 | 20.27 |
| Luc Lessard | 65,691,186 | 80.03 | 16,394,225 | 19.97 |
| Angelina Mehta | 65,442,686 | 79.73 | 16,642,725 | 20.27 |
| Chantal Sorel | 81,622,616 | 99.44 | 462,795 | 0.56 |
Appointment and Remuneration of Auditor
Based on the proxies received and the votes on a show of hands, PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed as independent auditor of the Corporation for the ensuing year and the directors are authorized to fix their remuneration, with the following results:
| ITEM No2 | Votes cast FOR | Percentage (%) of Votes Cast FOR | Votes WITHHELD | Percentage (%) of Votes WITHHELD |
| Appointment and Remuneration of Auditor | 87,619,369 | 99.85 | 128,607 | 0.15 |
Long-Term Incentive Plan Resolution
Based on the proxies received and the votes on a show of hands, shareholders approved the ordinary resolution with respect to the approval of the Corporation’s existing long-term incentive plan (“LTIP”). The results are as follows:
| ITEM No3 | Votes cast FOR | Percentage (%) of Votes Cast FOR | Votes AGAINST | Percentage (%) of Votes AGAINST |
| Ordinary resolution to approve the Corporation’s existing LTIP | 62,557,050 | 76.21 | 19,528,361 | 23.79 |
About Falco
Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns about approximately 67,000 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 from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Gold Royalties Ltd. is the largest shareholder of the Corporation and currently owns 19.9% of the issued and outstanding shares of the Corporation. The Corporation has 207,878,736 shares issued and outstanding.
For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514-261-3336
Amélie Laliberté
Coordinator, Investor Relations
418-455-4775
info@falcores.com
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