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Falcon Net Simulator agrees to sell a portfolio of return royalties

Montreal, April 27, 2021 (Global Newsware) – Falco Resources Limited (FPC: TSX-V) (“Falco” or “Corporation”) is pleased to announce that it has acquired Oesco Gold Royalty Ltd. Has contracted with (“Oesco”) to sell its net simulator return royalty (“royalty”) from 1% to 2% (“royalty transaction”) which was obtained on 12 April 2021 from Imgold Corporation. According to the first refusal which he had taken on royalty. Royalty is, among others, related to features known as the Florian and Central Camp, and these are the features of the search around the main features of the Horn 5. The CDN for the sale of royalties to Oesco, a subsidiary of Falco, is $ 700,000, paid in cash at the end of the royalty transaction. The royalty transaction is subject to certain closing conditions, including the waiver or expiration of existing rights and the approval of the TSX Venture Exchange. The relevant party transaction is the largest shareholder of Fesco, a subsidiary of Oesco, Oesco Development Corporation (“ODEV”), which has an 18.2% stake in Falco. Prior to entering into the royalty transaction, prior to entering into the OISCO, directly or through ODEV, the more profitable ownership than the control or direction, were (i) 41,385,240 joint shares, issued by the corporation and outstanding shares. Represented about 18.2% of the shares. (ii) 18,247,344 warrants. In addition, the loan to the corporation may be converted into 31,992,975 ordinary shares of the corporation. A royalty transaction is a “relevant party transaction” under Rule 61-101 in relation to the protection of minority protection holders in a particular related matter (“Rule 61-101”). (i) Except for formal assessment and (ii) minority approval requirements, under sections 5.5 (a) and 5.7 (a) of Rule 61-101, respectively, as the value of the royalty transaction represents less than that. Falco’s 25% market capitalization. The corporation’s independent directors have approved the royalty transaction, and board members who are nominees or officers of OESCO or ODEV abstain from voting on resolutions approving such transactions. About Falco Falco is one of the largest mineral claimants in the province of Quebec, with vast tracts of land in the Abbey Greenstone Belt. Falco Rouen owns about 70,000 hectares of land at the Norinda Mining Camp, which represents 70% of the entire camp and includes the former sites of 13 gold and base metal mines. Falco’s main asset is the Horn 5 project, located in the former Horn mine, which was run by Noranda (now Glencore Canada Corporation) from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Oesco Development Corporation, a subsidiary of Oesco Gold Royalties Limited, is Falco’s largest shareholder with an interest rate of 18.2%. For more information, please contact: Luke Lesard, President and CEO and Director of the Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange). Eligibility or accuracy of this press release Does not accept responsibility. Precautionary Statement on Pending Information Some of the information contained or included in this press release by reference constitutes “Pending Statements”. Specifically, this press release includes pending statements that include Falco’s ability to meet all closing conditions and complete the royalty transaction. Known and unknown factors may cause material results to differ materially from those predicted in future awaiting statements, and such statements and information should not be relied upon independently.