Falco Resources Achieves an Important Milestone

MONTRéAL, July 25, 2024 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX-V: FPC) (“Falco” or the “Corporation”) is pleased to announce that the Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, Benoit Charette, has given the mandate to the Office of Public Hearings on the Environment (“BAPE”) to hold an inquiry and a public hearing concerning Falco’s Horne 5 project (the “Falco Horne 5 Project” or the “Project”). This mandate will begin on August 26 and will have a maximum duration of four months.

Falco is pleased with this decision which marks an important milestone for the Falco Horne 5 Project. Falco’s team will be supported by expert resources, including the firms A2GC, Sanexen, SoftdB, BGC and WSP in order to respond to questions and requests from the population and the BAPE during the hearings. The inquiry commission will be composed of Joseph Zayed, who will act as President, as well as Martin Lessard and Geneviève Meloche, who will act as commissioners. The curricula vitae of the commissioners can be consulted on the BAPE website.

Hélène Cartier, Vice-President, Environment, Sustainable Development and Community Relations, declared: “We welcome Minister Benoit Charette’s decision and thank him for listening to the organizations and the population who have, like us, requested that hearings on the Falco Horne 5 Project be held in Rouyn-Noranda. We are convinced that this democratic exercise will be beneficial for the Project and all communities in addition to being beneficial for the socio-economic development of the city of Rouyn-Noranda and the Abitibi-Témiscamingue region.”

Luc Lessard, President and Chief Executive Officer declared: “Falco Resources will approach this BAPE exercise with great seriousness and consideration in order to further improve the Project. We will be attentive and receptive to questions and concerns from citizens and organizations in order to respond to the issues raised.”

Falco invites the population and organizations to stay tuned for details that will be transmitted by the BAPE which will specify the steps to follow in order to participate in the sessions. In the meantime, the entire Falco team remains available and proactive to support and inform citizens about the Falco Horne 5 Project, ensuring that everyone has access to the information necessary for informed participation.

Citizens who wish to continue to be informed or who wish to express themselves on the Falco Horne 5 Project are invited to Espace Falco, located at 157 avenue Principale, in Rouyn-Noranda.