Mr. Rajesh Sharma reports

FANCAMP REPORTS ON SHINING TREE GOLD PROPERTY EXPLORATION PROGRAM JOINT VENTURE WITH PLATINEX

Fancamp Exploration Ltd. has shared the recent program updates and announcement made by Platinex Inc. with regard to the Shining Tree gold property, in which the corporation holds a 25-per-cent interest through South Timmins Mining Inc. (Goldco), a joint venture with Platinex Inc. (refer to news release dated March 14, 2023). GoldCo's Shining Tree gold property is strategically located in the southwest region of the Abitibi greenstone belt, the world's largest 2.7-billion-year-old mineral-rich greenstone geological belt, which hosts numerous major gold and base metal deposits, and predominant gold producers.

Fancamp is encouraged by the timely commencement of the exploration program at the Shining Tree gold property which follows on Platinex's 2022 reconnaissance geochemical and prospecting programs (refer to Platinex Inc. release dated Dec. 7, 2022) and the recently announced joint venture between the parties in relation to the advancement of properties in the Abitibi greenstone belt through GoldCo.

Part of Fancamp's mission is to invest in highly prospective projects and near-term producing assets in order to monetize and generate meaningful returns for shareholders. The Shining Tree gold property is of great significance to Fancamp given the geological and regional aspects of its location and the previous work conducted by Platinex which delineated areas of interest which could result in high-grade mineralization potential.

Platinex, operator of the Shining Tree gold property, is now focused identifying new gold targets in highly prospective but underexplored regions of the 225-square-kilometre land package, with initial work to commence in highly prospective areas 2 and 3. From previous work programs conducted by Platinex, these targets indicated several anomalous soil samples with gold values that coincide with the probability that Au mineralization may be present (refer to Platinex Inc. press release dated May 17, 2023).

For further information on the exploration program operated and led by Platinex at the Shining Tree gold property, and reference to previous work conducted on the property as referenced above, refer to press release by Platinex dated May 17, 2023.

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, a 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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