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TSXV: FPC | WWW.FALCORES.COM | 1TSXV: FPC | WWW.FALCORES.COM
REDISCOVERING THE ROUYN-NORANDA MINING DISTRICT
REBIRTH OF THE HORNE MINE – A COMPANY MAKER
JANUARY 2016
WHERE 11 M OZS OF GOLD & 2.5 BN LBS OF COPPER WERE MINED HISTORICALLY
TSXV: FPC | WWW.FALCORES.COM | 2
Disclaimer
This presentation contains a review of the Company’s properties in Canada. Viewers are cautioned that the projects are at an early stage of exploration and that estimates and
projections contained herein are based on limited and incomplete data. More work is required before the mineralization on the projects and their economic aspects can be
confidentially modeled. Therefore, the work results and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. No representation
or prediction is intended as to the results of future work, nor can there be any promise that the estimates herein will be confirmed by future exploration or analysis, or that the
projects will otherwise prove to be economic.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this presentation, which has been prepared by management. There can
be no assurance that any of the assumptions in the resource estimates will be supported by a Pre-feasibility or Feasibility Study or that any forward looking event will come to pass. The
data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and
investment.
This presentation contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are
cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of
mineral deposits on the Company’s properties. Past performance is no guarantee of future performance and all investors are urged to consult their investment professionals before
making an investment decision. Investors are further cautioned that past performance is no guarantee of future performance
Forward-Looking Statements
Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future performance. All statements,
other than statements of historical fact, are forward-looking statements. The words “expect”, “believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and
similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered
reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking statements.
Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; labour availability; litigation; availability of and increased costs associated
with contractors and exploration equipment; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests
over title to properties; uncertainty with the Company’s ability to secure capital to execute its business plans; changes in national and local government legislation in Canada; risk of
loss due to sabotage and civil disturbances; risks arising from holding derivative instruments; and business opportunities that may be pursued by the company. Many of these
uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements
made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance.
The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as
required by applicable law.
Cautionary Note to U.S Investors Concerning Measured, Indicated and Inferred Resources
This presentation uses the terms “measured,” “indicated” and “inferred resources. We advise investors that while those terms are recognized and required by Canadian regulations,
the United States Securities and Exchange commission does not recognize them. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or
other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral
reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.
CAUTIONARY STATEMENT
TSXV: FPC | WWW.FALCORES.COM | 3
2.8 MILLION GOLD EQUIVALENT OUNCES
OF INFERRED RESOURCES (43-101)*
ROUYN-NORANDA, QUEBEC
* SEE APRIL 17, 2014 FALCO PRESS RELEASE
TSXV: FPC | WWW.FALCORES.COM | 4
FALCO – A QUALITY CANADIAN GOLD DEVELOPER
INVESTMENT THESIS
ROBUST INITIAL ASSET
IN HORNE 5
DESIRABLE & STRONG
LAND POSITION IN
THE ABITIBI
EXPLORATION TARGETS
TO DRIVE FURTHER
VALUE
GOOD CONSOLIDATION
PROSPECTS
LOW POLITICAL RISK
FLEXIBLE BALANCE
SHEET
EXPERIENCED
MANAGEMENT WITH
TECHNICAL EXPERTISE
STRONG
SHAREHOLDER
BASE
TSXV: FPC | WWW.FALCORES.COM | 5
FALCO – A QUALITY CANADIAN GOLD DEVELOPER
WHY HORNE 5?
STRATEGIC ASSET: LARGE TONNAGE & SCALE, GOOD LOCATION
STRONG RESOURCE GROWTH & FUTURE UPSIDE
EXISTING INFRASTRUCTURE: SHAFT & OPENINGS FOR TAILINGS
CLEAR PERMITTING PROCESS IN QUEBEC
STRONG COMMUNITY ENGAGEMENT & EXISTING MINING CULTURE
GREAT OPPORTUNITY TO DRIVE INNOVATION & EFFICIENCIES
PROVEN, STRONG & EXPERIENCED MINE BUILDERS
TSXV: FPC | WWW.FALCORES.COM | 6
Capital Structure
Shareholder Registry
Osisko Gold Royalties 16.2%
Goodman & Company 7.5%
Raymond James 6.8%
Quebec Funds 5.7%
Pate Capital 3.7%
US Global 2.5%
Commodity Discovery Fund 1.1%
AgaNola AG 0.5%
Insiders (D&O) 3.8%
Shares Outstanding (basic) 109,983,907
Stock Options 9,910,439
Warrants 3,279,514
Shares Outstanding (fully diluted} 123,173,860
Cash (Sept 30, 2015) + FT Raise C$7.1 Million
CORPORATE SUMMARY – MINDFUL OF SHAREHOLDER DILUTION
A NEW DEVELOPMENT VEHICLE IN THE ABITIBI
Share Price Performance
0
400
800
1,200
1,600
2,000
2,400
2,800
$0.20
$0.25
$0.30
$0.35
$0.40
$0.45
30-Jun-15 31-Aug-15 31-Oct-15 31-Dec-15
VOLUME(IN000'S)
PRICE(C$)
Closes $3.3mm FT
Financing at $0.32
Closes $1.85mm Financing at $0.40
TSXV: FPC | WWW.FALCORES.COM | 7
LOW POLITICAL RISK – NEW MINES WILL BE BUILT IN QUEBEC
QUEBEC’S COMPETITIVE ADVANTAGE
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Larder Lake
13 Moz Au
Kirkland Lake
24 Moz Au
Timmins
71 Moz Au
Rouyn-Noranda
19 Moz Au
Malartic
14 Moz Au
Bousquet
21 Moz Au
Lennox Creek Fault Zone
Porcupine Destor Fault Zone
Cadillac
Fault Zone
ONTARIO
QUEBEC
Rouyn-Noranda
Timiskaming Sediments
Cobalt Plate
Felsic Intrusive
Kap High
Mafic/Ultramafic Volcanics
Geology
Val d’Or
14 Moz Au
Major gold mining camp
 50 current and former gold and base metal mines in the Rouyn-Noranda camp
 Rouyn-Noranda camp has produced 19 Moz of gold and 2.9 Blbs of copper, but
underexplored for gold
0 25 50 75 100
Kilometres
SOUTHERN ABITIBI GREENSTONE BELT
OVER 100 YEARS OF MINING HISTORY
TSXV: FPC | WWW.FALCORES.COM | 9
Initial production
End of Mining
(2.5 Blbs Cu &
11.5 Moz Au)
Falco acquires
properties
(Sep 2012)
Discovery of
Horne Mine
Digitization & compilation of
Horne historical drill results
(Aug 2013)
NI 43-101 Horne 5
resource estimate
(Mar 2014)
1923 1927 1976 1985 2012 2013 2014
Remnant mining
(102,000 oz Au)
HORNE PROJECT
40 YEARS LATER
“The year 1923 will long be remembered in Canadian mining lore as the year of the rush to Rouyn”
Leslie Roberts, Noranda
2015 2016
Confirmation
Drilling Program at
Horne 5
New resource update
and initial preliminary
economic assessment
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City of
Rouyn-Noranda
Glencore
Smelter
Horne Mine
Quemont Mine
Falco Surface
Rights
Horne West
Horne project located in an Industrial Park
HORNE PROJECT
LOCATED NORTH OF THE CITY OF ROUYN-NORANDA
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 Inferred resource estimate from
historic drilling
 Open at depth and along
strike
 Discovery costs of <$0.25/oz
Au
 1km strike length; 40-120m thick;
1,700m vertical extent
 En echelon stacked tabular body;
well defined metal zonation
(gold, copper, zinc)
 Extensively developed (1930s to
1960s)
 4,386 drill holes at 15m
spacing (305,000m)
 40 working levels & 55km of
underground development
HORNE PROJECT
2014 MAIDEN RESOURCE ESTIMATE
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ENV_B
ENV_C
ENV_D
 Maiden resource of 2.8 Moz AuEq at 3.4 g/t
 Opportunity to increase the resource:
 Conservative NSR & base metal payabilities
 Silver content not considered
 Lowering the NSR cut-off
Resource
Class
Cut-off
(NSR $C)
Tonnes
(Millions)
AuEq
(g/t)
Au
(g/t)
Cu
(%)
Zn
(%)
Contained
AuEq (Moz)
Contained
Au (Moz)
Contained
Cu (Mlbs)
Contained
Zn (Mlbs)
Inferred
>50 67.6 2.48 1.8 0.17 0.72 5.4 4.0 261 1,073
>60 50.4 2.75 2.1 0.19 0.73 4.5 3.3 214 814
>70 35.9 3.07 2.3 0.21 0.72 3.5 2.7 168 573
>80 25.3 3.41 2.6 0.23 0.70 2.8 2.2 131 393
>90 17.9 3.77 3.0 0.26 0.69 2.2 1.7 102 272
>100 12.8 4.17 3.4 0.28 0.67 1.7 1.4 79 190
>110 9.5 4.57 3.7 0.30 0.66 1.4 1.1 63 138
Exchange Rate: CAD/USD = 1.05
HORNE PROJECT
2014 RESOURCE ESTIMATE – UPSIDE OPPORTUNITIES
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 17,150m surface drill program
 9 holes, 9 wedge holes
 Metallurgical testing
 Updated NI 43-101
 Primary objectives of confirmation drilling:
 Upgrade resource category from Inferred to
Indicated
 Confirm metallurgical parameters (improve
payability)
 Confirm historic silver grades of >15 g/t
 Targeted Results
 Increase tonnes by >30%
 Increase AuEq to >3.5 Moz
 $3.7M cost;
N S
HORNE PROJECT – COMPLETED IN 2015
CONFIRMATORY DRILL PROGRAM – HORNE 5
2300m
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HORNE PROJECT
HORNE 5 PRELIMINARY ECONOMIC ASSESMENT TEAM
Integrator & Mill Design
 Integrator for PEA Document
 Mill Design
 Economical Model Revision
Geology & Mining Engineering
 43-101 Resource Report
 Block Model
 Mine Design
 Mine Operation Opex & Capex
Mine Infrastructures
 Headframe and Shaft Design
 UG Ore Handling Design
 UG Electricity
Geotechnics, Hydrogeology
& TMF
 Geotechnical Review & Tests
 Hydro-geology
 Tailings Management Facilities
Environment & Surface
Infrastructures
 Baseline Study and Environmental
Impact
 Legislation (MDDELCC & ACCE)
 Community & Social Impact
 Luc Lessard, Eng.
 Francois Vezina, Eng., MBA, Mine Development – Director, Osisko Mining Group
 Former Mine Manager Osisko and Agnico-Eagle; Technical Services Manager for Agnico-Eagle (LaRonde II, Pinos Altos, Kittilä)
 Christian Laroche, Eng., Processing & Metallurgy – Director, Osisko Mining Group
 Metallurgical engineer with 15 years experience in plant design, engineering, feasibility, construction and commissioning
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HORNE PROJECT
HORNE 5 PEA STATUS & DEADLINES
• Resources model – InnovExplo
• Mine planning – InnovExplo
• Production and development sequence
• Opex and Capex cost
• Metallurgical process
• Surface infrastructures
COMPLETED
• Data collection
• Trade-off mine access
• Mine infrastructures
• Rock mechanics recommendation
• Stope design – Golder
• Infrastructures
IN PROGRESS
• Economic analysis (Q2)
• Report (Q2)EXPECTED
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HORNE PROJECT
$100M+ OF EXISTING INFRASTRUCTURE
Phase 1: Rehabilitation of Quemont shaft,
Dewatering to allow underground drilling
Phase 3: Switching from shaft to ramp
Phase 2: Deepening of Quemont shaft
to 1.8 km
42% of accessible
resources
51% of accessible
resources
7% of accessible
resources
1.3 km
1.8 km
2 km
Shaft Quémont 2
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COMPARABLE MINE ANALYSIS
SHAFT ALTERNATIVES
LaRonde (60m)
Westwood (85m)
 Existing Shaft Dimension → 6.5m x 4.4m
 Skip → Loading capacity of 31 000 Kg
 Hoisting capacity → 10 000 tpd Ore + 2000 tpd Waste
 Production Hoist → Double Drum 21 feets ~8000hp
Horne 5 (86.5m)
TSXV: FPC | WWW.FALCORES.COM | 18
Goldex
(Agnico-Eagle)
Young-Davidson
(AuRico)
LaRonde
(Agnico-Eagle)
Horne 5 **
(Falco)
Resource Grade
(g/t AuEq) 1.8 2.8 5.1 3.4
Mining Method Long hole Transverse long hole
Longitudinal Retreat /
Transverse Open
Stoping
Transverse long hole **
Depth (m) 800 - 1,500 750 - 1,500 2,000-3,000 600 - 2,300
Stope Size 15-38 x 30 x 50 20-25 x 20 x 30 5-25 x 15 x 30 38 x 15 x 15 **
Mining Rate 5,100 tpd 8,000 tpd * 7,200 tpd >10,000 tpd **
Specific Gravity 2.8 2.69 3.3 3.45
Operating Cost/NSR $41/t * $53.50/t * $95/t Under review
Annual Production (koz) 71,000 * 200,000 * 230,000 * Under review
* Projected life-of-mine (LOM)
** Horne 5 tonnes and grades per 43-101 report; balance is conceptual
Horne 5 $80 NSR Cutoff in Maiden 43-101 Resource Estimate Under Review
Source: Company website and filings
COMPARABLE MINE ANALYSIS
HIGH MARGIN POTENTIAL
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Highly Prospective Land in a Top Jurisdiction
 13 former mines on 740 km2 of Falco properties
 Over 80 years of data archives
 Great land package with several high potential green and
brown field prospects
LAND PACKAGE
DOMINANT POSITION IN ESTABLISHED CAMP
Balmoral 700 km
Lake Shore Gold 182 km
Niogold 125 km
Eastmain Resources 125 km
Eagle Hill 124 km
St. Andrews Goldfields 120 km
Integra Gold 30 km
Falco Resources 740+ km
TSXV: FPC | WWW.FALCORES.COM | 20
Background
Previously Untested
 Cu-Zn-Au property, located 25km northwest of
Rouyn-Noranda
 One of the most significant VMS properties in the
Camp
Lithogeochemically similar to Horne Complex
rocks
 Falco identified near-surface conductors related to
stratigraphy with the chemical characteristics of
Horne Complex
 Over 2km of laterally extensive exhalative sequence,
akin to VMS systems
 Several Zn-rich anomalies
Consistent with lateral placement to VMS
mineralization
Distribution Map of High Probability
“Horne Type” Samples
Rimo
Horne Complex
RIVIERE MOUILLEUSE (RIMO)
SIMILAR SIGNATURE TO HORNE
TSXV: FPC | WWW.FALCORES.COM | 21
Potential to increase Mineral Resources in the Horne Complex
 11 gold targets within the shadow of the old mines
 Identified potential Horne West extension at depth
 Targeting 3 zones initially
HORNE 5 PLUS PROGRAM
ADDITIONAL TARGETS IN THE HORNE COMPLEX
2015
2016
TSXV: FPC | WWW.FALCORES.COM | 22
Horne West
Au g/t
Horne 5
Deposit
Horne
Mine
Possible
Extension
HORNE 5 PLUS PROGRAM
NEAR SURFACE TARGETS – QUEMONT EXTENSIONS
Quemont level plan 200 ±300m 100m
H5-15-08
H5-15-07
2.7 g/t Au, 13.0 g/t Ag, 0.1% Cu, 1.9 % Zn / 55.5m
4.5 g/t Au, 27.1 g/t Ag, 0.3% Cu, 11.9% Zn / 13.15m
(non continuous – stope)
TSXV: FPC | WWW.FALCORES.COM | 23
Horne West
HORNE 5 PLUS PROGRAM
NEAR SURFACE TARGETS – QUEMONT TARGET AREA
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FALCO – A QUALITY CANADIAN GOLD DEVELOPER
VALUE GAP – WHERE DOES HORNE 5 FIT?
PRE-PRODUCTION ASSETS OVER 5 M OZS & CAPEX BELOW $1BN
Company Country Asset EV Resources EV / Resources CAPEX
(name) (US$mm) (mmoz Au) (US$/oz) (US$mm)
Pretium Canada Brucejack $743 20.1 $37 $747
TMAC Canada Hope Bay $283 5.9 $48 $175
Sabina Canada Back River $92 7.2 $13 $297
Kaminak Gold Canada Coffee $92 4.9 $19 $317
First Mining Finance Canada Springpole $80 8.1 $10 $438
Victoria Canada Eagle $28 6.4 $4 $411
Canadian Average $220 $22
Asanko Gold Ghana Asanko $321 9.4 $34 $295
Carpathian Gold Romania Rovina Valley $264 9.0 $29 $509
Gold Road Australia Yamarna $156 6.1 $26 $286
Continental Gold Colombia Buritica $123 9.0 $14 $390
True Gold Burkina Faso Karma $64 4.5 $14 $132
Belo Sun Brazil Volta Grande $52 6.9 $8 $298
Amara Cote d'Ivoire Yaoure $37 9.4 $4 $447
Midas Gold USA Stibnite $28 6.5 $4 $970
Lydian Armenia Amulsar $28 5.1 $6 $370
Orezone Gold Burkina Faso Bombore $18 5.1 $3 $250
Exeter Chile Caspiche $11 25.3 $0 $279
ROW Average $100 $13
FALCO RESOURCES CANADA HORNE 5 $16 2.8 $6
Note: Companies with market capitalizations below US$10mm or without a CAPEX figure were not included in the analysis
Source: BMO Capital Markets, Company filings, Factset, SNL
TSXV: FPC | WWW.FALCORES.COM | 25
CORPORATE TIMELINE
First Half
of 2017
•Full
Feasibility
Study
•Construction
Decision
2016
•Significant
Infill Drilling
Program
•Initiate
dewatering
program
2nd
Quarter
2016
•Initial
Preliminary
Economic
Assessment
November
-December
2015
•Metallurgy
Results
•New 43-101
Resource
Estimate
Summer &
Fall 2015
•5,000 meter
program on
RIMO
•7,800 meter
program on
Horne 5 plus
•Metallurgy
•Hydrology
•Geotechnical
•Environment
•Engage with
community
and all
stakeholders
January to
October
2015
•17,150
meters
Confirmatory
Drilling
Program
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Sean Roosen, Chairman
 Chairman & CEO of Osisko Royalties
Mario Caron, Lead Director
 Mining executive with over 35 years of experience in
the mining industry
Luc Lessard, President & CEO, Director
 Former COO of Canadian Malartic Partnership
 Former COO and Senior Vice-President of Engineering
& Construction for Osisko Mining
 Former VPt of Engineering & Construction for Iamgold
 Former Executive Director of Engineering &
Construction for Cambior
Helene Cartier, Director
 Former VP Environment and Sustainable
Development at Osisko Mining Corporation
Jim Davidson, Director
 Co-Founder of Falco Resources
 Former CFO of Western Minerals Group
Claude Ferron, Director
 Former COO of Xstrata Copper Canada
Paul Henri-Girard, Director
 Former VP of Canadian Operations at Agnico Eagle
Luc Lessard, President & CEO, Director
Vincent Metcalfe, CFO
 Former mining investment banker
Claude Bernier, Exploration Manager
 Over 40 years of experience on various exploration projects
Claude Léveillée, Vice-President Community Relations &
Human Resources
 Former Corporate Director, Human Resources/Organizational
Development at Agnico Eagle Mines
SENIOR LEADERSHIP TEAM
Board of Directors Officers
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Head Office
Falco Resources Ltd.
1100, avenue des
Canadiens-de-Montréal
Bureau 300
Montréal, QC H3B 2S2
Tél. : +1.514.905.3162
Toll Free : +1.888.915.2009
Courriel : info@falcores.com
Investor Inquiries
Vincent Metcalfe, CFO
Tel: +1.514.905.3162
Email: vmetcalfe@falcores.com
CONTACT US
TSXV: FPC | WWW.FALCORES.COM | 28
APPENDIX
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HORNE PROJECT
CONFIRMATORY DRILL PROGRAM – RESULTS
(0$NSR) 2015 Confirmation Drilling Results (Weighted average)
Hole_ID
From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Zn
(%)
Au_Eq_
With
Silver
(g/t)
Au_Eq_
Without
Silver
(g/t)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Zn
(%)
Au_Eq_
Without
Silver
(g/t)
2015 vs
2014
%
H5-15-01 1,110 1,141 31.2 2.03 10.16 0.46 0.04 3.00 2.85 2.26 0.30 0.10 2.82 0.9%
H5-15-01-Atw 1,105 1,142 36.7 0.88 4.51 0.27 0.06 1.45 1.38 2.18 0.35 0.12 2.85 (51.5%)
H5-15-02 1,001 1,102 100.9 1.32 29.46 0.11 1.94 2.93 2.48 1.14 0.11 1.19 1.92 29.4%
H5-15-02-Atw 1,002 1,089 87.0 1.43 28.61 0.13 1.47 2.82 2.39 1.25 0.12 1.41 2.16 10.6%
H5-15-03B 1,248 1,365 116.7 0.50 15.51 0.06 1.00 1.34 1.11 0.79 0.06 0.67 1.23 (9.7%)
H5-15-03Dtw 1,255 1,390 134.4 0.55 15.44 0.08 1.10 1.46 1.23 0.82 0.06 0.70 1.28 (3.7%)
H5-15-04 1,302 1,327 25.5 0.73 10.27 0.13 0.71 1.45 1.30 0.81 0.11 1.11 1.55 (16.3%)
H5-15-04-Atw 1,290 1,320 30.3 0.95 11.05 0.14 1.79 2.26 2.09 0.83 0.12 1.13 1.61 30.1%
H5-15-06 1,189 1,243 54.5 1.36 16.16 0.26 0.73 2.43 2.19 1.84 0.29 0.31 2.50 (12.6%)
H5-15-06-Atw 1,189 1,247 57.5 1.72 22.50 0.32 0.99 3.11 2.77 1.89 0.28 0.28 2.51 10.2%
H5-15-05 1,803 1,896 92.6 1.96 16.14 0.12 0.57 2.71 2.47 2.31 16.08 0.13 0.53 2.81 (12.1%)
H5-15-05-Atw 1,800 1,853 53.0 2.49 15.17 0.14 0.70 3.30 3.08 2.16 11.71 0.11 0.40 2.56 20.4%
H5-15-08 1,441 1,550 108.9 2.20 14.16 0.30 0.32 3.10 2.88 1.88 0.24 0.39 2.49 16.0%
H5-15-08W 1,443 1,550 107.1 2.00 13.13 0.27 0.53 2.93 2.73 1.90 0.26 0.28 2.49 9.7%
H5-15-07-A 1,958 1,986 28.0 0.41 17.32 0.10 1.86 1.77 1.51 0.91 0.38 0.13 1.63 (6.8%)
H5-15-07-Btw 1,956 1,986 30.0 0.52 18.21 0.12 1.39 1.70 1.42 0.96 0.35 0.13 1.65 (13.6%)
H5-15-09-A 1,178 1,223 45.1 1.98 32.57 0.25 1.06 3.43 2.94 1.31 0.17 1.10 2.15 36.9%
H5-15-09-Btw 1,177 1,221 43.7 1.38 24.85 0.16 1.06 2.57 2.20 1.22 0.15 1.13 2.05 7.0%
Total 1183.1 1.40 18.12 0.18 0.95 2.45 2.18 1.46 14.49 0.17 0.65 2.09 4.3%
Weighted Average of 2014 Raw Assays
within a 15 m radius cylinder around DDH
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HORNE PROJECT
CONFIRMATORY DRILL PROGRAM – HORNE 5
H5Longitudinalview
LookingNorth
1 800m
1 200m
600m
1 800m
1 200m
600m
H5-15-03B,
03Dtw
H5-15-01,
01Atw
H5-15-08,
8Atw
H5-15-02,
02Atw
H5-15-09A,
09Btw
ENV-A
ENV-D
H5-15-06,
06Atw
H5-15-07A,
07Btw
H5-15-05,
05Atw (nc)
H5-15-04, 04Atw
1 800m
1 200m
600m
ENV-A
HG-B
HG-D
HG-C
HG-E
ENV
-B
ENV
-D
H5-15-
03B,
03Dtw
H5-15-01,
01Atw
H5-15-08,
8Atw
H5-15-06,
06Atw
H5-15-07A,
07Btw
H5-15-05,
05Atw (nc)
H5-15-04,
04Atw
HG-A
H5-15-02,
02Atw
H5-15-09A,
09Btw
30
TSXV: FPC | WWW.FALCORES.COM | 31
1110.4m
Mineralized Zones Hole H5-15-01
HORNE PROJECT
2015 DRILL PROGRAM – HORNE 5

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Rebirth of the Horne Mine - A Company Maker

  • 1. TSXV: FPC | WWW.FALCORES.COM | 1TSXV: FPC | WWW.FALCORES.COM REDISCOVERING THE ROUYN-NORANDA MINING DISTRICT REBIRTH OF THE HORNE MINE – A COMPANY MAKER JANUARY 2016 WHERE 11 M OZS OF GOLD & 2.5 BN LBS OF COPPER WERE MINED HISTORICALLY
  • 2. TSXV: FPC | WWW.FALCORES.COM | 2 Disclaimer This presentation contains a review of the Company’s properties in Canada. Viewers are cautioned that the projects are at an early stage of exploration and that estimates and projections contained herein are based on limited and incomplete data. More work is required before the mineralization on the projects and their economic aspects can be confidentially modeled. Therefore, the work results and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates herein will be confirmed by future exploration or analysis, or that the projects will otherwise prove to be economic. The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this presentation, which has been prepared by management. There can be no assurance that any of the assumptions in the resource estimates will be supported by a Pre-feasibility or Feasibility Study or that any forward looking event will come to pass. The data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. This presentation contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company’s properties. Past performance is no guarantee of future performance and all investors are urged to consult their investment professionals before making an investment decision. Investors are further cautioned that past performance is no guarantee of future performance Forward-Looking Statements Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future performance. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”, “believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; labour availability; litigation; availability of and increased costs associated with contractors and exploration equipment; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests over title to properties; uncertainty with the Company’s ability to secure capital to execute its business plans; changes in national and local government legislation in Canada; risk of loss due to sabotage and civil disturbances; risks arising from holding derivative instruments; and business opportunities that may be pursued by the company. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Cautionary Note to U.S Investors Concerning Measured, Indicated and Inferred Resources This presentation uses the terms “measured,” “indicated” and “inferred resources. We advise investors that while those terms are recognized and required by Canadian regulations, the United States Securities and Exchange commission does not recognize them. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. CAUTIONARY STATEMENT
  • 3. TSXV: FPC | WWW.FALCORES.COM | 3 2.8 MILLION GOLD EQUIVALENT OUNCES OF INFERRED RESOURCES (43-101)* ROUYN-NORANDA, QUEBEC * SEE APRIL 17, 2014 FALCO PRESS RELEASE
  • 4. TSXV: FPC | WWW.FALCORES.COM | 4 FALCO – A QUALITY CANADIAN GOLD DEVELOPER INVESTMENT THESIS ROBUST INITIAL ASSET IN HORNE 5 DESIRABLE & STRONG LAND POSITION IN THE ABITIBI EXPLORATION TARGETS TO DRIVE FURTHER VALUE GOOD CONSOLIDATION PROSPECTS LOW POLITICAL RISK FLEXIBLE BALANCE SHEET EXPERIENCED MANAGEMENT WITH TECHNICAL EXPERTISE STRONG SHAREHOLDER BASE
  • 5. TSXV: FPC | WWW.FALCORES.COM | 5 FALCO – A QUALITY CANADIAN GOLD DEVELOPER WHY HORNE 5? STRATEGIC ASSET: LARGE TONNAGE & SCALE, GOOD LOCATION STRONG RESOURCE GROWTH & FUTURE UPSIDE EXISTING INFRASTRUCTURE: SHAFT & OPENINGS FOR TAILINGS CLEAR PERMITTING PROCESS IN QUEBEC STRONG COMMUNITY ENGAGEMENT & EXISTING MINING CULTURE GREAT OPPORTUNITY TO DRIVE INNOVATION & EFFICIENCIES PROVEN, STRONG & EXPERIENCED MINE BUILDERS
  • 6. TSXV: FPC | WWW.FALCORES.COM | 6 Capital Structure Shareholder Registry Osisko Gold Royalties 16.2% Goodman & Company 7.5% Raymond James 6.8% Quebec Funds 5.7% Pate Capital 3.7% US Global 2.5% Commodity Discovery Fund 1.1% AgaNola AG 0.5% Insiders (D&O) 3.8% Shares Outstanding (basic) 109,983,907 Stock Options 9,910,439 Warrants 3,279,514 Shares Outstanding (fully diluted} 123,173,860 Cash (Sept 30, 2015) + FT Raise C$7.1 Million CORPORATE SUMMARY – MINDFUL OF SHAREHOLDER DILUTION A NEW DEVELOPMENT VEHICLE IN THE ABITIBI Share Price Performance 0 400 800 1,200 1,600 2,000 2,400 2,800 $0.20 $0.25 $0.30 $0.35 $0.40 $0.45 30-Jun-15 31-Aug-15 31-Oct-15 31-Dec-15 VOLUME(IN000'S) PRICE(C$) Closes $3.3mm FT Financing at $0.32 Closes $1.85mm Financing at $0.40
  • 7. TSXV: FPC | WWW.FALCORES.COM | 7 LOW POLITICAL RISK – NEW MINES WILL BE BUILT IN QUEBEC QUEBEC’S COMPETITIVE ADVANTAGE
  • 8. TSXV: FPC | WWW.FALCORES.COM | 8 Larder Lake 13 Moz Au Kirkland Lake 24 Moz Au Timmins 71 Moz Au Rouyn-Noranda 19 Moz Au Malartic 14 Moz Au Bousquet 21 Moz Au Lennox Creek Fault Zone Porcupine Destor Fault Zone Cadillac Fault Zone ONTARIO QUEBEC Rouyn-Noranda Timiskaming Sediments Cobalt Plate Felsic Intrusive Kap High Mafic/Ultramafic Volcanics Geology Val d’Or 14 Moz Au Major gold mining camp  50 current and former gold and base metal mines in the Rouyn-Noranda camp  Rouyn-Noranda camp has produced 19 Moz of gold and 2.9 Blbs of copper, but underexplored for gold 0 25 50 75 100 Kilometres SOUTHERN ABITIBI GREENSTONE BELT OVER 100 YEARS OF MINING HISTORY
  • 9. TSXV: FPC | WWW.FALCORES.COM | 9 Initial production End of Mining (2.5 Blbs Cu & 11.5 Moz Au) Falco acquires properties (Sep 2012) Discovery of Horne Mine Digitization & compilation of Horne historical drill results (Aug 2013) NI 43-101 Horne 5 resource estimate (Mar 2014) 1923 1927 1976 1985 2012 2013 2014 Remnant mining (102,000 oz Au) HORNE PROJECT 40 YEARS LATER “The year 1923 will long be remembered in Canadian mining lore as the year of the rush to Rouyn” Leslie Roberts, Noranda 2015 2016 Confirmation Drilling Program at Horne 5 New resource update and initial preliminary economic assessment
  • 10. TSXV: FPC | WWW.FALCORES.COM | 10 City of Rouyn-Noranda Glencore Smelter Horne Mine Quemont Mine Falco Surface Rights Horne West Horne project located in an Industrial Park HORNE PROJECT LOCATED NORTH OF THE CITY OF ROUYN-NORANDA
  • 11. TSXV: FPC | WWW.FALCORES.COM | 11  Inferred resource estimate from historic drilling  Open at depth and along strike  Discovery costs of <$0.25/oz Au  1km strike length; 40-120m thick; 1,700m vertical extent  En echelon stacked tabular body; well defined metal zonation (gold, copper, zinc)  Extensively developed (1930s to 1960s)  4,386 drill holes at 15m spacing (305,000m)  40 working levels & 55km of underground development HORNE PROJECT 2014 MAIDEN RESOURCE ESTIMATE
  • 12. TSXV: FPC | WWW.FALCORES.COM | 12 ENV_B ENV_C ENV_D  Maiden resource of 2.8 Moz AuEq at 3.4 g/t  Opportunity to increase the resource:  Conservative NSR & base metal payabilities  Silver content not considered  Lowering the NSR cut-off Resource Class Cut-off (NSR $C) Tonnes (Millions) AuEq (g/t) Au (g/t) Cu (%) Zn (%) Contained AuEq (Moz) Contained Au (Moz) Contained Cu (Mlbs) Contained Zn (Mlbs) Inferred >50 67.6 2.48 1.8 0.17 0.72 5.4 4.0 261 1,073 >60 50.4 2.75 2.1 0.19 0.73 4.5 3.3 214 814 >70 35.9 3.07 2.3 0.21 0.72 3.5 2.7 168 573 >80 25.3 3.41 2.6 0.23 0.70 2.8 2.2 131 393 >90 17.9 3.77 3.0 0.26 0.69 2.2 1.7 102 272 >100 12.8 4.17 3.4 0.28 0.67 1.7 1.4 79 190 >110 9.5 4.57 3.7 0.30 0.66 1.4 1.1 63 138 Exchange Rate: CAD/USD = 1.05 HORNE PROJECT 2014 RESOURCE ESTIMATE – UPSIDE OPPORTUNITIES
  • 13. TSXV: FPC | WWW.FALCORES.COM | 13  17,150m surface drill program  9 holes, 9 wedge holes  Metallurgical testing  Updated NI 43-101  Primary objectives of confirmation drilling:  Upgrade resource category from Inferred to Indicated  Confirm metallurgical parameters (improve payability)  Confirm historic silver grades of >15 g/t  Targeted Results  Increase tonnes by >30%  Increase AuEq to >3.5 Moz  $3.7M cost; N S HORNE PROJECT – COMPLETED IN 2015 CONFIRMATORY DRILL PROGRAM – HORNE 5 2300m
  • 14. TSXV: FPC | WWW.FALCORES.COM | 14 HORNE PROJECT HORNE 5 PRELIMINARY ECONOMIC ASSESMENT TEAM Integrator & Mill Design  Integrator for PEA Document  Mill Design  Economical Model Revision Geology & Mining Engineering  43-101 Resource Report  Block Model  Mine Design  Mine Operation Opex & Capex Mine Infrastructures  Headframe and Shaft Design  UG Ore Handling Design  UG Electricity Geotechnics, Hydrogeology & TMF  Geotechnical Review & Tests  Hydro-geology  Tailings Management Facilities Environment & Surface Infrastructures  Baseline Study and Environmental Impact  Legislation (MDDELCC & ACCE)  Community & Social Impact  Luc Lessard, Eng.  Francois Vezina, Eng., MBA, Mine Development – Director, Osisko Mining Group  Former Mine Manager Osisko and Agnico-Eagle; Technical Services Manager for Agnico-Eagle (LaRonde II, Pinos Altos, Kittilä)  Christian Laroche, Eng., Processing & Metallurgy – Director, Osisko Mining Group  Metallurgical engineer with 15 years experience in plant design, engineering, feasibility, construction and commissioning
  • 15. TSXV: FPC | WWW.FALCORES.COM | 15 HORNE PROJECT HORNE 5 PEA STATUS & DEADLINES • Resources model – InnovExplo • Mine planning – InnovExplo • Production and development sequence • Opex and Capex cost • Metallurgical process • Surface infrastructures COMPLETED • Data collection • Trade-off mine access • Mine infrastructures • Rock mechanics recommendation • Stope design – Golder • Infrastructures IN PROGRESS • Economic analysis (Q2) • Report (Q2)EXPECTED
  • 16. TSXV: FPC | WWW.FALCORES.COM | 16 HORNE PROJECT $100M+ OF EXISTING INFRASTRUCTURE Phase 1: Rehabilitation of Quemont shaft, Dewatering to allow underground drilling Phase 3: Switching from shaft to ramp Phase 2: Deepening of Quemont shaft to 1.8 km 42% of accessible resources 51% of accessible resources 7% of accessible resources 1.3 km 1.8 km 2 km Shaft Quémont 2
  • 17. TSXV: FPC | WWW.FALCORES.COM | 17 COMPARABLE MINE ANALYSIS SHAFT ALTERNATIVES LaRonde (60m) Westwood (85m)  Existing Shaft Dimension → 6.5m x 4.4m  Skip → Loading capacity of 31 000 Kg  Hoisting capacity → 10 000 tpd Ore + 2000 tpd Waste  Production Hoist → Double Drum 21 feets ~8000hp Horne 5 (86.5m)
  • 18. TSXV: FPC | WWW.FALCORES.COM | 18 Goldex (Agnico-Eagle) Young-Davidson (AuRico) LaRonde (Agnico-Eagle) Horne 5 ** (Falco) Resource Grade (g/t AuEq) 1.8 2.8 5.1 3.4 Mining Method Long hole Transverse long hole Longitudinal Retreat / Transverse Open Stoping Transverse long hole ** Depth (m) 800 - 1,500 750 - 1,500 2,000-3,000 600 - 2,300 Stope Size 15-38 x 30 x 50 20-25 x 20 x 30 5-25 x 15 x 30 38 x 15 x 15 ** Mining Rate 5,100 tpd 8,000 tpd * 7,200 tpd >10,000 tpd ** Specific Gravity 2.8 2.69 3.3 3.45 Operating Cost/NSR $41/t * $53.50/t * $95/t Under review Annual Production (koz) 71,000 * 200,000 * 230,000 * Under review * Projected life-of-mine (LOM) ** Horne 5 tonnes and grades per 43-101 report; balance is conceptual Horne 5 $80 NSR Cutoff in Maiden 43-101 Resource Estimate Under Review Source: Company website and filings COMPARABLE MINE ANALYSIS HIGH MARGIN POTENTIAL
  • 19. TSXV: FPC | WWW.FALCORES.COM | 19 Highly Prospective Land in a Top Jurisdiction  13 former mines on 740 km2 of Falco properties  Over 80 years of data archives  Great land package with several high potential green and brown field prospects LAND PACKAGE DOMINANT POSITION IN ESTABLISHED CAMP Balmoral 700 km Lake Shore Gold 182 km Niogold 125 km Eastmain Resources 125 km Eagle Hill 124 km St. Andrews Goldfields 120 km Integra Gold 30 km Falco Resources 740+ km
  • 20. TSXV: FPC | WWW.FALCORES.COM | 20 Background Previously Untested  Cu-Zn-Au property, located 25km northwest of Rouyn-Noranda  One of the most significant VMS properties in the Camp Lithogeochemically similar to Horne Complex rocks  Falco identified near-surface conductors related to stratigraphy with the chemical characteristics of Horne Complex  Over 2km of laterally extensive exhalative sequence, akin to VMS systems  Several Zn-rich anomalies Consistent with lateral placement to VMS mineralization Distribution Map of High Probability “Horne Type” Samples Rimo Horne Complex RIVIERE MOUILLEUSE (RIMO) SIMILAR SIGNATURE TO HORNE
  • 21. TSXV: FPC | WWW.FALCORES.COM | 21 Potential to increase Mineral Resources in the Horne Complex  11 gold targets within the shadow of the old mines  Identified potential Horne West extension at depth  Targeting 3 zones initially HORNE 5 PLUS PROGRAM ADDITIONAL TARGETS IN THE HORNE COMPLEX 2015 2016
  • 22. TSXV: FPC | WWW.FALCORES.COM | 22 Horne West Au g/t Horne 5 Deposit Horne Mine Possible Extension HORNE 5 PLUS PROGRAM NEAR SURFACE TARGETS – QUEMONT EXTENSIONS Quemont level plan 200 ±300m 100m H5-15-08 H5-15-07 2.7 g/t Au, 13.0 g/t Ag, 0.1% Cu, 1.9 % Zn / 55.5m 4.5 g/t Au, 27.1 g/t Ag, 0.3% Cu, 11.9% Zn / 13.15m (non continuous – stope)
  • 23. TSXV: FPC | WWW.FALCORES.COM | 23 Horne West HORNE 5 PLUS PROGRAM NEAR SURFACE TARGETS – QUEMONT TARGET AREA
  • 24. TSXV: FPC | WWW.FALCORES.COM | 24 FALCO – A QUALITY CANADIAN GOLD DEVELOPER VALUE GAP – WHERE DOES HORNE 5 FIT? PRE-PRODUCTION ASSETS OVER 5 M OZS & CAPEX BELOW $1BN Company Country Asset EV Resources EV / Resources CAPEX (name) (US$mm) (mmoz Au) (US$/oz) (US$mm) Pretium Canada Brucejack $743 20.1 $37 $747 TMAC Canada Hope Bay $283 5.9 $48 $175 Sabina Canada Back River $92 7.2 $13 $297 Kaminak Gold Canada Coffee $92 4.9 $19 $317 First Mining Finance Canada Springpole $80 8.1 $10 $438 Victoria Canada Eagle $28 6.4 $4 $411 Canadian Average $220 $22 Asanko Gold Ghana Asanko $321 9.4 $34 $295 Carpathian Gold Romania Rovina Valley $264 9.0 $29 $509 Gold Road Australia Yamarna $156 6.1 $26 $286 Continental Gold Colombia Buritica $123 9.0 $14 $390 True Gold Burkina Faso Karma $64 4.5 $14 $132 Belo Sun Brazil Volta Grande $52 6.9 $8 $298 Amara Cote d'Ivoire Yaoure $37 9.4 $4 $447 Midas Gold USA Stibnite $28 6.5 $4 $970 Lydian Armenia Amulsar $28 5.1 $6 $370 Orezone Gold Burkina Faso Bombore $18 5.1 $3 $250 Exeter Chile Caspiche $11 25.3 $0 $279 ROW Average $100 $13 FALCO RESOURCES CANADA HORNE 5 $16 2.8 $6 Note: Companies with market capitalizations below US$10mm or without a CAPEX figure were not included in the analysis Source: BMO Capital Markets, Company filings, Factset, SNL
  • 25. TSXV: FPC | WWW.FALCORES.COM | 25 CORPORATE TIMELINE First Half of 2017 •Full Feasibility Study •Construction Decision 2016 •Significant Infill Drilling Program •Initiate dewatering program 2nd Quarter 2016 •Initial Preliminary Economic Assessment November -December 2015 •Metallurgy Results •New 43-101 Resource Estimate Summer & Fall 2015 •5,000 meter program on RIMO •7,800 meter program on Horne 5 plus •Metallurgy •Hydrology •Geotechnical •Environment •Engage with community and all stakeholders January to October 2015 •17,150 meters Confirmatory Drilling Program
  • 26. TSXV: FPC | WWW.FALCORES.COM | 26 Sean Roosen, Chairman  Chairman & CEO of Osisko Royalties Mario Caron, Lead Director  Mining executive with over 35 years of experience in the mining industry Luc Lessard, President & CEO, Director  Former COO of Canadian Malartic Partnership  Former COO and Senior Vice-President of Engineering & Construction for Osisko Mining  Former VPt of Engineering & Construction for Iamgold  Former Executive Director of Engineering & Construction for Cambior Helene Cartier, Director  Former VP Environment and Sustainable Development at Osisko Mining Corporation Jim Davidson, Director  Co-Founder of Falco Resources  Former CFO of Western Minerals Group Claude Ferron, Director  Former COO of Xstrata Copper Canada Paul Henri-Girard, Director  Former VP of Canadian Operations at Agnico Eagle Luc Lessard, President & CEO, Director Vincent Metcalfe, CFO  Former mining investment banker Claude Bernier, Exploration Manager  Over 40 years of experience on various exploration projects Claude Léveillée, Vice-President Community Relations & Human Resources  Former Corporate Director, Human Resources/Organizational Development at Agnico Eagle Mines SENIOR LEADERSHIP TEAM Board of Directors Officers
  • 27. TSXV: FPC | WWW.FALCORES.COM | 27 Head Office Falco Resources Ltd. 1100, avenue des Canadiens-de-Montréal Bureau 300 Montréal, QC H3B 2S2 Tél. : +1.514.905.3162 Toll Free : +1.888.915.2009 Courriel : info@falcores.com Investor Inquiries Vincent Metcalfe, CFO Tel: +1.514.905.3162 Email: vmetcalfe@falcores.com CONTACT US
  • 28. TSXV: FPC | WWW.FALCORES.COM | 28 APPENDIX
  • 29. TSXV: FPC | WWW.FALCORES.COM | 29 HORNE PROJECT CONFIRMATORY DRILL PROGRAM – RESULTS (0$NSR) 2015 Confirmation Drilling Results (Weighted average) Hole_ID From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (%) Zn (%) Au_Eq_ With Silver (g/t) Au_Eq_ Without Silver (g/t) Au (g/t) Ag (g/t) Cu (%) Zn (%) Au_Eq_ Without Silver (g/t) 2015 vs 2014 % H5-15-01 1,110 1,141 31.2 2.03 10.16 0.46 0.04 3.00 2.85 2.26 0.30 0.10 2.82 0.9% H5-15-01-Atw 1,105 1,142 36.7 0.88 4.51 0.27 0.06 1.45 1.38 2.18 0.35 0.12 2.85 (51.5%) H5-15-02 1,001 1,102 100.9 1.32 29.46 0.11 1.94 2.93 2.48 1.14 0.11 1.19 1.92 29.4% H5-15-02-Atw 1,002 1,089 87.0 1.43 28.61 0.13 1.47 2.82 2.39 1.25 0.12 1.41 2.16 10.6% H5-15-03B 1,248 1,365 116.7 0.50 15.51 0.06 1.00 1.34 1.11 0.79 0.06 0.67 1.23 (9.7%) H5-15-03Dtw 1,255 1,390 134.4 0.55 15.44 0.08 1.10 1.46 1.23 0.82 0.06 0.70 1.28 (3.7%) H5-15-04 1,302 1,327 25.5 0.73 10.27 0.13 0.71 1.45 1.30 0.81 0.11 1.11 1.55 (16.3%) H5-15-04-Atw 1,290 1,320 30.3 0.95 11.05 0.14 1.79 2.26 2.09 0.83 0.12 1.13 1.61 30.1% H5-15-06 1,189 1,243 54.5 1.36 16.16 0.26 0.73 2.43 2.19 1.84 0.29 0.31 2.50 (12.6%) H5-15-06-Atw 1,189 1,247 57.5 1.72 22.50 0.32 0.99 3.11 2.77 1.89 0.28 0.28 2.51 10.2% H5-15-05 1,803 1,896 92.6 1.96 16.14 0.12 0.57 2.71 2.47 2.31 16.08 0.13 0.53 2.81 (12.1%) H5-15-05-Atw 1,800 1,853 53.0 2.49 15.17 0.14 0.70 3.30 3.08 2.16 11.71 0.11 0.40 2.56 20.4% H5-15-08 1,441 1,550 108.9 2.20 14.16 0.30 0.32 3.10 2.88 1.88 0.24 0.39 2.49 16.0% H5-15-08W 1,443 1,550 107.1 2.00 13.13 0.27 0.53 2.93 2.73 1.90 0.26 0.28 2.49 9.7% H5-15-07-A 1,958 1,986 28.0 0.41 17.32 0.10 1.86 1.77 1.51 0.91 0.38 0.13 1.63 (6.8%) H5-15-07-Btw 1,956 1,986 30.0 0.52 18.21 0.12 1.39 1.70 1.42 0.96 0.35 0.13 1.65 (13.6%) H5-15-09-A 1,178 1,223 45.1 1.98 32.57 0.25 1.06 3.43 2.94 1.31 0.17 1.10 2.15 36.9% H5-15-09-Btw 1,177 1,221 43.7 1.38 24.85 0.16 1.06 2.57 2.20 1.22 0.15 1.13 2.05 7.0% Total 1183.1 1.40 18.12 0.18 0.95 2.45 2.18 1.46 14.49 0.17 0.65 2.09 4.3% Weighted Average of 2014 Raw Assays within a 15 m radius cylinder around DDH
  • 30. TSXV: FPC | WWW.FALCORES.COM | 30 HORNE PROJECT CONFIRMATORY DRILL PROGRAM – HORNE 5 H5Longitudinalview LookingNorth 1 800m 1 200m 600m 1 800m 1 200m 600m H5-15-03B, 03Dtw H5-15-01, 01Atw H5-15-08, 8Atw H5-15-02, 02Atw H5-15-09A, 09Btw ENV-A ENV-D H5-15-06, 06Atw H5-15-07A, 07Btw H5-15-05, 05Atw (nc) H5-15-04, 04Atw 1 800m 1 200m 600m ENV-A HG-B HG-D HG-C HG-E ENV -B ENV -D H5-15- 03B, 03Dtw H5-15-01, 01Atw H5-15-08, 8Atw H5-15-06, 06Atw H5-15-07A, 07Btw H5-15-05, 05Atw (nc) H5-15-04, 04Atw HG-A H5-15-02, 02Atw H5-15-09A, 09Btw 30
  • 31. TSXV: FPC | WWW.FALCORES.COM | 31 1110.4m Mineralized Zones Hole H5-15-01 HORNE PROJECT 2015 DRILL PROGRAM – HORNE 5