Dr. Peter Smith reports

FANCAMP PROVIDES AN UPDATE ON NEW ACQUISITIONS IN THE GRENVILLE PROVINCE, QUEBEC

Fancamp Exploration Ltd. has staked a series of claim blocks targeting possible lithium, cesium, tantalum and rare earth element occurrences in pegmatites (LCT pegmatites, after Cerny, 1991), 12 kilometres east of the Romaine River and 100 kilometres north of Havre St. Pierre on Quebec's North Shore.

These targets are located in the so-called Natashquan Domaine (after Brisbois and Clark, 2003, DV2002-03), which, among other things, is characterized by high-alkaline, late-to-postorogenic, S-type granitic bodies and associated pegmatites. Reconnaissance mapping by Quebec government geologists in 1997 outlined two large pegmatite-rich fields, one marginal to the host granite and another distal to the northern extend of the granite. They describe feldspars and micas as the primary modal mineralogy of the pegmatites. No previous exploration for such targets has been recorded, and the company plans to ground check all of these in early summer.

Regarding the recently acquired Jumonville property east of Chibougamau (see news release of April 20, 2016), the lepidolite occurrences associated with granite-pegmatite complexes are due to be investigated in early June.

This release was prepared by Mike Flanagan, PGeo, qualified person under National Instrument 43-101 rules. Mr. Flanagan, vice-president of exploration of the company, is the non-independent qualified person who has approved the scientific and technical information contained in this news release.