Mr. Peter Smith reports

FANCAMP EXPLORATION LTD.: UPDATE, MAGPIE TEST RESULTS

Fancamp Exploration Ltd. has released final test results on bulk samples from its 46.7-per-cent-owned Magpie Mines Inc. massive titaniferous magnetite mineralization sent to China for testing in late 2013. The work was carried out by the Pangang Group using its proprietary technology for beneficiating the ore and producing iron concentrate suitable for Pangang (and some other Chinese) smelters. Testwork included studies of the properties and relative grindability of the mineralized material, in addition to ore beneficiation using multistage grinding and separation to achieve optimal Fe concentrates.

Results show that the Fe concentrate produced by beneficiating this material meets Pangang's specifications. Further discussions and meetings between Magpie and Pangang management groups are scheduled to take place during the month of November, 2014.