Dr. Peter Smith reports

FANCAMP REPORTS ASSAY RESULTS OF 5 INTERCEPTS FROM 3 HOLES RECENTLY DRILLED ON THE V ZONE OF THE CLINTON COPPER-ZINC PROJECT, EASTERN TOWNSHIPS (QUEBEC)

Fancamp Exploration Ltd. has released recent assay results from the V zone of the acquired Namex property in the Clinton volcano-sedimentary belt located in the eastern townships of Southern Quebec near the Maine border (refer to the Fancamp news release dated July 16, 2012).

With the revised resource estimate of the V zone, Fancamp now holds a total of 1.88 million tonnes grading 1.73 per cent copper and 1.01 per cent zinc (not National Instrument 43-101-compliant because of the use of historic data) in six distinct zones located in the northern sector of the Clinton volcano-sedimentary belt extending on the company's property for approximately 17 kilometres from Lac Megantic, Que., south to the border with the state of Maine. The company plans a scoping study on this zone and the others to establish whether these resources can generate an economic return.

Three holes were drilled on the V zone and intercepted five mineralized zones. The results are shown in the attached table.

                      From      To  Length     Cu       Zn      Ag      Au
Hole          Zone       m       m       m       %       %     g/t     g/t

CL-2014-03      V3   111.6   113.8     2.2    3.33    0.74    40.7    0.16
CL-2014-04      V1    60.6    67.5     6.9    0.77    0.01     5.5    0.01
CL-2014-04      V3   146.5   157.5      11    1.27    1.14      11    0.05
CL-2014-05      V1    85.5   110.2    24.7    2.78    0.01    16.9    0.01
CL-2014-05      V3   169.8     174     4.2    0.85    0.50     4.7    0.02

The immediate purpose of this drilling is to provide material for metallurgical tests on the V mineralization.

The V zone was discovered by Namex and OT Mining Corp. in 1996, during which a total of 17 holes totalling 4,608 metres were drilled. Fancamp drilled a further 3,134 metres in 11 holes in 2012 and three additional holes in 2014 totalling 417 metres, which are here reported. A preliminary resource estimate for this zone is 880,000 tonnes grading 1.32 per cent copper and 0.42 per cent zinc (again, not NI 43-101-compliant because of the use of historic data).

Total historic mineral resources on the Clinton property are as follows:

• Zone A: 305,000 tonnes at 2.33 per cent copper and 2.22 per cent zinc;
• Zone C: 330,000 tonnes at 1.77 per cent copper and 0.64 per cent zinc;
• Zone E: 15,000 tonnes at 1.7 per cent copper and 1.09 per cent zinc;
• Zone F: 270,000 tonnes at 2.03 per cent copper and 2.14 per cent zinc (south lenses);
• Zone F: 80,000 tonnes at 2.67 per cent copper and 0.52 per cent zinc (north lenses);
• Zone V: 880,000 tonnes at 1.32 per cent copper and 0.42 per cent zinc;
• Zone O: 110,000 tonnes at 2.65 per cent copper and 2.43 per cent zinc (mined out in 1973 to 1975 by the Sullivan Mines Ltd.).

These historic resource estimates were generated prior to the implementation of NI 43-101 standards. Given the quality of the work prepared by the MRNFQ and the Groupe Minier Sullivan, the company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient work to classify the historic mineral resources as current mineral resources, and the company is not treating the historic resources as current. Hence, they should not be relied upon.

As is common in volcanogenic massive sulphide areas, the mineralized zones at Clinton are clearly associated with a specific layer of the volcanic sequence. Most of the mineralized zones of the Clinton formation are stratigraphically located at the top of a non-magnetic mafic volcanic unit with minor felsic volcanics, both pillowed and tuffaceous. This unit in turn is overlain by a magnetic mafic volcanic unit with very characteristic magnetic iron beds at the top. Most of the mineralized zones of the Clinton formation are at the contact between the non-magnetic and magnetic rocks, facilitating exploration and follow-up. Fancamp believes other undiscovered zones remain along this favourable contact, and the recent drilling along it has also indicated favourable felsic host rocks containing low-grade copper and zinc mineralization.

The technical information in this news release was compiled, reviewed and approved by Yvan Bussieres, Eng, a qualified person under NI 43-101 rules.

Quality assurance/quality control protocols

Drill core boxes from the 2010, 2011, 2012 and 2014 diamond drilling campaigns arrived at the Fancamp core logging facility located in Thetford mines (Quebec). Boxes are opened and depth tags are verified for errors. Each box is labelled with embossed aluminum tape stapled to the box end. Numbers indicated hole and box numbers as well as from and to footages. Sampling is continuous through mineralized intervals and intermittent in other lithologies or lithological contacts. Within mineralized intervals, samples taken are between 0.5 metre to 1.5 metres in length of half-split core, or up to lithological or structural boundaries.

According to the nature of the mineralization, whether gold, copper and/or zinc, one to three standards per hole are included within the sampling of mineralized zones (ME-7, CDN-ME-14, P4A). One blank sample is inserted at every 17 to 19 samples. One duplicate sample is produced at every 17 to 19 samples.

Other parameters described in the drill logs included structure, alteration and mineralization. Mineralization is described as a visual percentage of sulphides. Sample bags are wrapped with cable tie. Samples are placed in large rice bags for shipping, all secured with a cable tie. Samples are transported from the core shack to the Thetford mines bus station. They are shipped by commercial transport to the ALS Laboratory Group facilities in Val d'Or, Que. Shipping waybills and sample submittal forms are scanned and sent to the lab by Internet. They are also kept for tracking shipments as required.

Samples arriving at ALS Laboratory are individually weighed, dried at high temperature, crushed 70 per cent to less than two millimetres, riffle split and pulverized 85 per cent to less than 75 micrometres. Samples were analyzed by the Au-ICP 21 and ME-MS41 methods. If values returned greater than 100 grams per tonne silver, 10,000 parts per million copper and 10,000 parts per million zinc for the ME-MS41 assay method, then a second assay is done using either the Ag-OG46, Cu-OG46 and/or Zn-OG46 method.