Falco Pacific Resource Group Inc. provided an update on its advanced computer modeling of the Horne 5 gold/silver/copper/zinc deposit. The Horne 5 Deposit hosts a non-43-101 compliant historic resource of 167.83 million tonnes deposit, grading 1.25 g/t gold, 17.14 g/t silver, 0.10% copper and 0.57% zinc and is located 100 metres north of the former producing Horne Mine (Historic Production of 54 million tons @ 6.10 g/t gold and 2.22% copper), collectively representing one of the richest mineral deposit settings in North America based in Rouyn-Noranda, Quebec.

Falco Pacific Resource Group Inc. provided the update regarding its on-going review and compilation of exploration targets on its Rouyn-Noranda Project in Quebec. The initial focus for the Company has been on evaluating a number of historic and remnant resources in the area surrounding the Horne and several other nearby formerly producing mines - the Horne Mine Complex. Principal amongst the targets under review is the Horne #5 Zone - a large, vertically extensive polymetallic body containing a historic resource(i), determined by Noranda Inc. in 1976 prior to the implementation of National Instrument 43-101, of 167.83 million tonnes grading 1.25 g/t gold, 17.14 g/t silver, 0.10% copper and 0.57% zinc. Horne #5 Zone - Details: The Horne #5 Zone was discovered in the late 1930s and sits in the hanging wall to the former producing Horne copper-gold deposit. The Horne deposit was mined from the late 1920s to 1976 producing 54 Mt @ 6.1 g/t gold, 13.0 g/t silver and 2.2% copper. The Horne deposit served as the fundamental building block for Canadian resource giant Noranda Inc. (now owned by Xstrata PLC). Between the early 1940s and 1960s Noranda conducted a thorough evaluation of the Horne #5 Zone, to a depth of over 2,100 metres. This included the development of 5 vertical shafts and 18 horizontal working levels. The Zone remains open beneath the deepest levels tested. The #5 Zone extends for up to 1,000 metres along strike, varies between 30 and 110 metres in thickness and is thus potentially amenable to underground bulk mining. A small tonnage of high-grade copper-gold ore was previously mined from the #5 Zone and processed in the mill and currently active smelter directly adjoining the Horne mine site in Rouyn-Noranda, Quebec. High-Grade Gold Sub-Zone: A high-grade, structural controlled gold-rich sub-zone is present throughout the vertical extent of the #5 Zone. Diamond drilling conducted by Noranda from the deepest working levels extends this high-grade gold zone for over 400 feet (130 metres) beyond the current workings and remains open below. Results from intercepts through the high-grade gold sub-zone from the 57th and 65th mine levels, as reported by Bancroft (1980). In addition to the Horne Mine and the #5 Zone, the Horne Mine Complex incorporates a number of other former producing gold/polymetallic mines and advanced prospects. These include the Quemont (historic production of 14Mt @ 5.38 g/t gold, 30.90 g/t silver, 1.31% copper and 2.43% zinc), Remnor (600,000 t @ 5.8 g/t gold) and Chadbourne (1.7 Mt @ 3.24 g/t gold) deposits and the Horne West gold-zinc zone. All of these assets occur within a 4.0 x 1.5 kilometre area centered on the Horne #5 Zone. Extensive data archives, including information on these and 9 other former producing mines in the project area, are currently under review and evaluation by the company. Additional information on selected targets will be provided as the compilations are completed.

Falco Pacific Resource Group Inc. announced that it has commenced a 2,000 metre diamond drill program on its Flavrian Central gold prospect located 15 km northwest of the city of Rouyn-Noranda, Quebec within the West Rouyn-Noranda Camp's Flavrian gold district. Drilling recently began with one rig and is expected to be completed in the early first quarter of 2013. The 6 drill-hole program will test multiple shallow gold targets recently generated from Falco Pacific's extensive proprietary regional database. The Flavrian Central prospect lies 500 meters south of the St. Jude Breccia intrusion and 1 km northwest of Falco Pacific's historic Quesabe gold mine. The area hosts a number of historic gold showings delineated by overburden trenching and channel sampling, grab samples and a small amount of diamond drilling. High-grade gold mineralization is typically associated with shear related quartz veins and pervasive alteration of the surrounding country rocks. Historic channel sample results from a 1938 St. Jude Gold Mines exploration program highlight the region's prospectivity. The area's geological setting is similar to the setting around the Upper Beaver gold-copper deposit located 40 km to the SW.