Mr. Peter Smith reports

FANCAMP EXPLORATION LTD.: HIGH-GRADE ZINC DISCOVERY IN THE HARRIMAN FAULT, GASPE, QUEBEC

Trenching this past week within the north-northeast-trending fault corridor encountered an approximately two-metre-wide zone of massive to semi-massive sphalerite enclosed in strongly silicified siltstone, a type of mineralization not previously seen in the district. A grab sample from this zone returned a zinc value of 25 per cent. In addition, immediately to the west of this occurrence in the trench, the host siltstone contains 30 to 40 per cent sulphide, bearing quartz veinlets. Further assays are awaited.

Fancamp Exploration Ltd.'s Fancamp property covers about 12 kilometres of the Harriman fault structure, a splay of the Grand Pabos fault system. Locally, along this corridor, prospecting has outlined clusters of angular mineralized boulders containing quartz veining in silicified fine-grained sedimentary rocks of the Garin and Whitehead formations, which have yielded gold values in grab samples of up to 29.5 grams per tonne gold.

Further trenching is planned to ascertain the extent of this new zinc occurrence.

This report was prepared and approved by J. Bernard, PGeo, and Mike Flanagan, PGeo, the company's qualified person.