FPC Falco Resources Ltd

Falco Pacific Resource Group Inc. ("Falco Pacific") (TSX VENTURE:FPC) announces
that it has completed the Option Agreement (the "Option") with Vior Inc. to
acquire 100% ownership of 34 claims (1,331 hectares) which comprise the
Beauchastel Gold Property (the "Property"). The Property is located in the
Flavrian Gold District and is an interlying property to Falco Pacific's holdings
in the district, located in the west central portion of the Rouyn-Noranda camp
in Quebec.


Falco Pacific exercised the Option by making the final cash payment of $25,000
and an issuance of 125,000 common shares to Vior Inc. The common shares issued
pursuant to the exercise of the Option are subject to a hold period expiring
September 22, 2014. Please refer to Falco Pacific news release (NR 12-14) dated
August 15, 2013 for complete details of the agreement.


In addition, under the terms of the Option Agreement, Vior Inc. will retain a
net smelter return ("NSR") royalty of 2% on the Property with Falco Pacific
having the right to buy back up to 1% of the NSR for $1 million at any time.
Falco Pacific also has a right of first refusal on the sale of the remaining 1%
NSR royalty.


Dr. Michael Byron, V.P. Exploration comments, "This addition effectively
consolidates Falco Pacific's strategic land position in the Flavrian Gold
District, securing ownership of 13 kilometres of the Quesabe Fault, a known gold
bearing structure which hosts Falco Pacific's former producing Quesabe Gold
Mine."


The acquisition of the Beauchastel property, supplementing Falco Pacific's land
holdings in the district, gives Falco Pacific control of 13 kilometres of the
Quesabe fault structure to explore. In addition, Falco Pacific continues to
compile data on the former Quesabe Mine in order to assess the previously
outlined zone and identify potential targets as the deposit is open at depth and
laterally and lies along strike with the Beauchastel property.


About Falco Pacific Resource Group

Falco Pacific controls over 700 square kilometres of the world-class Rouyn-
Noranda gold-base metal mining camp in the Canadian province of Quebec. Long
considered one of the crown jewels of the Canadian mining business Falco
Pacific's Rouyn-Noranda Project is centered around the Horne Gold-Copper Mining
Complex which includes the wholly owned Horne 5 gold-copper-zinc-silver deposit
which Falco Pacific is actively evaluating. For more information, on the Horne 5
Deposit and Falco Pacific please visit www.falcopacific.com or see our public
disclosure records at www.sedar.com.


On behalf of the Board of Directors of FALCO PACIFIC RESOURCE GROUP

Jim Davidson, Interim Chief Executive Officer

Cautionary Notes

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.


Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information (together, "forward-looking statements") within the meaning of
applicable securities laws and the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements include terms of the transaction,
including acquisition costs, shares to be issued and approval of the TSX Venture
Exchange and future plans. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results, performance,
prospects and opportunities to differ materially from those expressed or implied
by such forward-looking statements. Factors that could cause actual results to
differ materially from these forward-looking statements include those risks set
out in Falco Pacific's public documents filed on SEDAR at www.sedar.com.
Although Falco Pacific believes that the assumptions and factors used in
preparing the forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur in the
disclosed times frames or at all. Except where required by law, Falco Pacific
disclaims any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.


This news release contains information with respect to adjacent or similar
mineral properties in respect of which Falco Pacific has no interest or rights
to explore or mine. Readers are cautioned that Falco Pacific 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 Falco Pacific's properties.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Falco Pacific Resource Group
Mr. Dean Linden
Business Development
1.425.449.9442
info@falcopacific.com


Falco Pacific Resource Group
Ms. Deanna Kress
Corporate Communications
1.604.336.6346 or Toll Free: 1.855.238.4671
dkress@falcopacific.com
www.falcopacific.com

Grafico Azioni Falco Resources (TSXV:FPC)
Storico
Da Nov 2024 a Dic 2024

Grafico Azioni Falco Resources (TSXV:FPC)
Storico
Da Dic 2023 a Dic 2024