Mr. Rajesh Sharma reports

FANCAMP ANNOUNCES INVESTMENT IN EDM RESOURCES INC.

Fancamp Exploration Ltd. has entered into a subscription agreement with EDM Resources Inc. as part of the company's non-brokered hard-dollar and flow-through oversubscribed private placement for aggregate gross proceeds of over $2-million to maintain its strategic position in the company.

Pursuant to the agreement, Fancamp has subscribed to 390,000 units of EDM at a price of 50 cents per unit, each unit consisting of one common share of EDM and one share purchase warrant entitling Fancamp to purchase one additional common share of EDM at a price of 75 cents for each warrant share, until the date that is 36 months from the closing of the offering. Upon closing of the offering, Fancamp holds 2,738,485 common shares of EDM, representing approximately 11.4 per cent of the issued and outstanding shares of EDM.

This purchase allows Fancamp to continue to maintain its significant position in the near-term zinc producer, as EDM advances its wholly owned Scotia mine, 60 kilometres north of Halifax, N.S. The current equity capital raise is anticipated to be the last one before the commencement of commercial production, which is expected in early 2024. Fancamp's participation is an opportunity to maintain its position in an imminent producer at a low entry point and at a strategic moment of pivot in EDM's growth story. Furthermore, Fancamp acquires future upside with warrant shares priced just outside of EDM's 52-week trading high. The outlook of demand for renewable technologies into 2030 could provide upward pressure on global zinc commodity prices. The zinc market is a growing critical mineral space that Fancamp is pleased to position itself in via its investment in EDM.

About Fancamp Exploration Ltd.

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of progressing priority mineral properties through exploration and innovative development. The corporation is focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral claims encompassing over 158,000 hectares across Ontario, Quebec and New Brunswick, Canada, including copper, gold, zinc, titanium, chromium, strategic rare earth metals and others. The corporation continues to identify near-term cash-flow-generating opportunities, and in parallel, aims to advance its investments in strategic mineral properties. Fancamp has investments in an existing iron ore operation in the Quebec-Labrador Trough, rare earth elements company NeoTerrex Corp. in addition to an investment in a zinc mine planned to be restarted in Nova Scotia. The corporation has future monetization opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. The corporation is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.

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