ECONOMICBENEFITS ESTIMATED

AT $6.6 BILLIONBASED ON $1,300

PER oz Au & LIFE OFMINE ROYALTIES

& TAXES

www.falcores.com TSX.V: FPC

HORNE 5 PROJECT FEASIBILITY STUDY COMPLETE- Focus now shifts towards immediate permitting, development and financing- Results confirm the Horne 5 project supports an economically viable,

robust, low-grade, high bulk tonnage underground gold mine- Targeted start of construction in 2019, first gold expected in late 2021 - Further optimization planned which builds on robust Feasibility Study

Proven & Probable Mineral Reserve6.0 million oz AuEq(80.9 mt at 2.37 g/t AuEq)

Substantial potential to expand existingresource at depth

HORNE 5:TOP QUARTILE PROJECT1

SHAREHOLDERS

1. See Oct. 16, 2017 press release

Osisko Gold Royalties 12.7% Tocqueville 8.6% Government of Québec 4.9% Oppenheimer Funds 2.7% RBIM 1.8% Old Mutual 1.5% CIBC Asset Management 1.0% Caisse de dépôt du Qc 1.0%

LOW ALL-IN SUSTAINING CASH COST- US$399/oz gold AISC

(net of by-products)- Operating cost per tonne of

C$41.00/tonne

CAPEX- US$802M

IRR POST-TAX NPV (5%)- 15.3%, US$602 million NPV

ANNUAL AVERAGE PRODUCTION- 219,000 oz Au- 1,752 koz Ag- 67 million lbs Zn- 16 million lbs Cu

INITIAL MINE LIFE- Over 15 years

HORNE 5THE NEXT GREAT UNDERGROUND MINE IN CANADA

CAPITAL STRUCTURE as at 01/12/2018

Market Cap C$204.1M

Basic Shares Outstanding 189.0M

Stock Options 10.2M

Warrants 28.6M

Fully Diluted Shares Outstanding 227.8M

Cash & Cash Equivalents ~C$35M

Debt Nil

-

Located adjacent to the town ofRouyn-Noranda, roads, railwaysand electrical power. Extensive

local mining expertise.

HIGHLY EXPERIENCEDMANAGEMENT TEAM WITH

PROVEN TRACK RECORD

INFRASTRUCTURES DRILLED 54,500 M IN2017. 2018 DRILLING

PROGRAM WILL FOCUSON THE CENTRAL

CAMP

HEAD OFFICE

COMMUNITY RELATIONS

BOARD OF DIRECTORS

SENIOR MANAGEMENT

Sean RoosenChair of the BoardLuc LessardPresident & CEO, DirectorMario CaronLead Independent DirectorBryan A. CoatesDirectorPaola FarnesiIndependent DirectorClaude FerronIndependent DirectorJohn SabineIndependent DirectorChantal SorelIndependent Director

Luc LessardPresident & CEOVincent MetcalfeChief Financial OfficerGuy BelleauMine General ManagerRonald BougieVP, Engineering & ConstructionHélène CartierVP, Environment and SustainabilityAnthony GlavacVP, Corporate ControllerChristian LarocheVP, ProcessingAndré Le BelVP, Legal Affairsand Corporate SecretaryClaude LéveilléeVP, Community Relations& Human ResourcesFrançois VézinaVP, Mining

QUALIFIED PERSONSClaude Bernier, Exploration Manager, (P.Geo. Eng.) is the qualified person for this release as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein. Mr. Bernier is an employee of Falco and is non-independent.

INDEPENDANT QUALIFIED PERSONS

Carl Pelletier (P.Geo. Géo., B.Sc.) the qualified persons as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the mineral resource estimate Data in this document as it relates to the technical information related to the 2016 Horne 5 Project Resource Estimate and they have reviewed and verified the technical information contained herein. Mr. Pelletier is a consulting geologist with InnovExplo Inc. and fulfills the requirements to be "qualified person" for the purposes of NI 43-101.

A Feasibility Study was prepared for Falco under the direction of BBA Inc., by leading independent industry consultants, all of whom are qualified persons (“QP”) under National Instrument 43-101. For more details on independant QPs who have prepared or supervised the preparation of the technical information relating to the Feasibility Study, please refer to the press release issued on October 16, 2017.

1100, av. des Canadiens-de-Montréal Suite 300, Montréal, Québec H3B 2S2

Tel: +1.514.905.3162info@falcores.com

161, Avenue MurdochRouyn-Noranda, Québec J9X 1E3

Mr. Claude Léveillée (CRIA)cleveillee@falcores.com

THE C$22.5 MILLIONPAVILLION QUEMONT

SCHOOL IS ONSCHEDULE FOR

DELIVERY IN 09/2018

COMMUNITY RELATIONS

Falco is committed to sustainable development and the goal of zero harm to people, the environment and our communities.

This commitment means that we strive to act consistently in all of our activities in relation to health & safety, the environment, community relations and social development.

Wherever we operate, we will ensure we do so in a socially responsible manner and meet or exceed all applicable requirements.

HORNE 5EXPECTS TO BEA SIGNIFICANT

EMPLOYER IN THEROUYN-NORANDAREGION, CREATING

525 LONG-TERMJOBS

0 10 205Km

CADILLAC FAULT

DESTOR-PORCUPINE FAULT

HORNE HORNE COMPLEXCOMPLEX

U P P E R B E AV E RU P P E R B E AV E R

L A R O N D EL A R O N D EW E S T W O O DW E S T W O O D

H O L L O W AY M I N EH O L L O W AY M I N E

Rouyn-NorandaÉvain

Larder LakeVirginiatown

Duparquet

F A L C O R E S O U R C E S P R O P E R T I E SF A L C O R E S O U R C E S P R O P E R T I E S

A C T I V E G O L D P R O D U C E R SA C T I V E G O L D P R O D U C E R S

!( F O R M E R G O L D P R O D U C E R SF O R M E R G O L D P R O D U C E R S

!( F O R M E R B A S E M E T A L P R O D U C E R SF O R M E R B A S E M E T A L P R O D U C E R S

00 55 K mK m

6 7 , 0 0 0 6 7 , 0 0 0 H E C T A R E S O F L A N DH E C T A R E S O F L A N D

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