Falco Resources announces election of directors, new chair of the board

Falco Resources (FPRGF) announces that the five nominees listed in the management information circular dated November 4, 2025, were elected as directors of Falco. The Corporation also announces that Mr. Alexander Dann has been appointed as Chair of the Board, effective immediately, succeeding Mr. Mario Caron, who will continue to serve as lead director. Mr. Dann has served on the Board since 2021 and is a member of the Corporation’s audit committee. PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed as independent auditor of the Corporation for the ensuing year. Shareholders approved the ordinary resolution with respect to the approval of the Corporation’s existing rolling 10% long-term incentive plan. The majority of the disinterested shareholders approved the ordinary resolution with respect to the amendment of the Corporation’s existing convertible secured senior loan with OR Royalties (OR) and the issuance of 19,332,237 warrants of the Corporation to OR Royalties, each exercisable at any time from and after January 1, 2026, for one common share of Falco at an exercise price of $0.58 per Common Share and expiring on December 31, 2026. The Corporation also confirms that the transactions previously announced on October 31, 2025, with each of OR Royalties and Glencore (GLNCY) Canada Corporation have successfully closed on the date hereof and will be effective as of December 31, 2025