NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Falco Pacific Resource Group Inc., soon to be Falco Resources Ltd., ("Falco")
(TSX VENTURE:FPC) announces that it has elected to accelerate the expiry date of
the common share purchase warrants (the "Warrants") originally issued by Falco
as part of its unit private placement completed on June 14, 2013 (the "Private
Placement"). Each Warrant entitles the holder thereof to purchase one additional
common share of Falco at a price of $0.45. To date, 1,120,000 of these Warrants
have been exercised leaving a balance outstanding of 2,280,000 Warrants. 


Pursuant to the terms of the Private Placement, the expiry of the Warrants may
be accelerated at any time prior to the expiry of the Warrants if the volume
weighted average trading price of Falco's shares on the TSX Venture Exchange is
greater than $0.60 for 15 consecutive trading days, at which time Falco may give
notice in writing (the "Early Expiry Notice") to the Warrant holders within 10
days of such an occurrence that the Warrants shall expire on the 30th day
following the giving of such Early Expiry Notice. 


Effective at the market close on July 23, 2014, Falco's volume weighted average
price for each of the past 15 consecutive trading days exceeded $0.60. A Notice
of Acceleration dated July 24, 2014 will be mailed to the holders of the
Warrants issued pursuant to the Private Placement to advise that the expiry date
of the Warrants is being accelerated to 4:30 p.m. (Vancouver time) on August 22,
2014. Any Warrants remaining unexercised after August 22, 2014 will be
cancelled. 


Should all of the Warrants outstanding be exercised, Falco will receive total
gross proceeds of $1,305,000. 


About Falco

Falco is a resource exploration company and owner of mineral rights to 14 former
mines within a 700 km2 land package in the Abitibi region of Quebec, Canada.
Falco's principal property is the Horne mine complex, which was operated by
Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5
billion pounds of copper. A maiden 43-101 mineral resource estimate for the
Horne 5 deposit delineated an initial inferred resource totaling 25.3 million
tonnes grading 2.64 g/t Au, 0.23% Cu and 0.7% Zn, for 2.2 Moz Au contained (see
Falco press release dated March 4, 2014 for more details).


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. All statements, other than statements of historical facts,
are forward-looking statements. Generally, forward-looking statements can be
identified by the use of terminology such as "plans", "expects', "estimates",
"intends", "anticipates", "believes" or variations of such words, or statements
that certain actions, events or results "may", "could", "would", "might", "will
be taken", "occur" or "be achieved". 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 the reliability
of the historical data referenced in this press release and those risks set out
in Falco's public documents, including in each management discussion and
analysis, filed on SEDAR at www.sedar.com. Although Falco 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 applicable law, Falco 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 press release is not, and is not to be construed in any way as, an offer to
buy or sell securities in the United States.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mr. Dean Linden
Senior Vice President
Business Development
1.425.449.9442
dlinden@falcopacific.com


Ms. Deanna Kress
Corporate Communications
1.604.336.6346
Toll Free: 1.855.238.4671
dkress@falcopacific.com

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