Mr. Rajesh Sharma reports

FANCAMP NEW CFO APPOINTMENT AND CORPORATE UPDATE

Debra Chapman has decided to retire from her position as chief financial officer of Fancamp Exploration Ltd. and she will be succeeded by Arnab Kumar De, who has been appointed as the chief financial officer with immediate effect.

Fancamp is pleased to report that Ms. Chapman will serve as a member of the corporation's advisory board. Ms. Chapman has been an integral part of Fancamp since its inception and made a stellar contribution to Fancamp's progress in various capacities, including those as chief financial officer and board member. Dean Journeaux has been reappointed to the advisory board.

Arnab Kumar De, CPA, CGMA, CMA, MBA, is a strong, seasoned executive with more than 20 years of experience in financial management, financial planning, business optimization and strategy development. He is a principal of Resurgent Montreal Inc., a financial management consulting firm. Mr. De provides chief financial officer and financial advisory services to several public and private companies in the mineral exploration sector, among others.

The corporation has granted stock options to Mr. De, exercisable into 500,000 common shares of the corporation. The options have an exercise price of eight cents per common share and will expire after five years following the date of grant and will vest immediately.

Mark Billings, chairman of the corporation's board commented: "The board would like to thank Debra for her immeasurable contribution and dedication over the years. Fancamp is fortunate to receive her continued guidance and involvement moving forward as a member of the advisory board. We are also pleased to welcome Arnab as our new chief financial officer, an exciting addition to our executive team with his deep familiarity of the resource industry and years of experience providing strategic and financial services."

Other corporate updates

Fancamp, as operator of the Acadian Gold Corp.'s 50-50 joint venture with Lode Gold Resources Inc., is pleased to report progress regarding the exploration activities at the McIntyre Brook and Riley Brook properties. Acadian Gold is focused on the development of a district-scale gold-copper property in New Brunswick, as announced on Aug. 27, 2024, and Oct. 9, 2024, located in a highly prospective geological domain that hosts other gold-focused firms such as Calibre Mining, with one property adjacent and on trend with Puma Exploration's Williams Brook project, subject of an option agreement with Kinross Gold Corp.

Fieldwork was initiated in October with 3,195.3-line-kilometre airborne geophysics surveys (magnetic, electromagnetic and radiometric), leveraging the Xcalibur Smart Mapping HeliTem2 system over both properties, McIntyre Brook and Riley Brook. The program also includes trenching over select areas on McIntyre Brook as well as mapping and prospecting over Riley Brook. The continuing work plan includes the completion of a soil geochemical survey on McIntyre Brook and initial compilation of results.

Further, Fancamp has initiated a gravity survey at its wholly owned Clinton volcanogenic massive sulphide (VMS) project, situated in the Appalachian region of Southern Quebec, one of the top jurisdictions globally in terms of attractiveness for exploration investments (Annual Survey of Mining Companies 2023, Fraser Institute). The survey will cover 50 line kilometres in the northern part of the property, with lines spaced every 100 metres and reading stations every 25 metres along the lines. The survey will investigate the potential of identifying deep-seated VMS lenses under the known mineralized occurrences of the Clinton property, which hosts historic production that occurred during the 1970s and multiple copper-bearing mineralized lenses. Particular attention will be given to the favourable horizon hosting the AB, C, D, E and O lenses.

Fancamp will also initiate a helicopter-borne VTEM (versatile time-domain electromagnetic) survey over the southeastern part of its wholly owned Grasset property, located in the Detour-Fenelon gold trend of the northern Abitibi region, situated 30 kilometres northwest of the Matagami mining camp. The helicopter-borne VTEM time-domain electromagnetic and horizontal magnetic gradiometer surveys will be conducted by Geotech Ltd. The program will consist of a 665-line-kilometre survey, with line spacing at 100 metres and flight altitude clearance of 35 metres. The aim of the survey is to investigate the potential for the occurrences of nickel-copper or copper-zinc massive-sulphide-type mineralization. Grasset is positioned within a favourable volcanic belt known to host significant gold and base metal occurrences, approximately 35 kilometres east of Wallbridge Mining Company's Fenelon gold deposit and on the same greenstone belt that hosts the prominent Detour Lake open-pit gold mine in Ontario (Agnico Eagle Mines Ltd.).

Fancamp's shareholding in KWG Resources Inc., carrying on business as Canadian Chrome Corp., has increased progressively further due to the quarterly issue of shares in lieu of interest payments for the Fancamp secured convertible promissory note for $34.5-million in KWG. The corporation now owns an equivalent of approximately 2.29 million multiple voting shares of KWG, which is approximately 10.2 per cent of issued and outstanding shares of KWG. The corporation has earned an aggregate dividend income of $1.08-million in 2023 and 2024 from its investment in Champion Iron Ltd. Fancamp participated in a recent private placement in EDM Resources Inc., a mining company focused on near-term zinc production, to maintain its approximately 11-per-cent stake in the company. This private placement will enable EDM to progress the environmental permitting plan and move closer to financing the investment required for commencement of production. EDM continues to offer significant upside to Fancamp as it moves toward production at the shuttered zinc mine and plant 75 kilometres north of Halifax, N.S.

Qualified person

The technical information contained in this press release was reviewed and approved by Francois Auclair, PGeo, MSc, vice-president, exploration, of Fancamp, a qualified person under National Instrument 43-101.

About Fancamp Exploration Ltd.

Fancamp is a growing Canadian mineral exploration company focused on creating value through medium-term growth and monetization opportunities with its strategic interests in high-potential mineral projects, royalty portfolio and mineral properties. The company is focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral claims across Ontario, Quebec and New Brunswick, Canada, including copper, gold, zinc, titanium, chromium, strategic rare earth metals and others. The company continues to identify 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 element company (NeoTerrex Minerals Inc.), a copper-gold exploration company (Platinex Inc.), an opportunity to develop an emerging gold-copper exploration play with Lode Gold Resources, in addition to an investment in a near-term cash-flow-generating zinc mine (EDM Resources) in Nova Scotia. The company 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 company is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.

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