Mr. Rajesh Sharma reports

FANCAMP ANNOUNCES FILING OF TECHNICAL REPORT ON CLINTON PROJECT IN PROSPECTIVE QUEBEC APPALACHIAN REGION

Fancamp Exploration Ltd. has filed an independent technical report for the company's 100-per-cent-owned Clinton copper-zinc property entitled "Clinton Cu-Zn Property, Lac Megantic, Quebec -- 43-101 Technical Report," dated Nov. 18, 2024, with an effective date of Sept. 26, 2024. The technical report was written by Andre Ciesielski, PGeo, and prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects.

The technical report can be found under the company's profile on SEDAR+ and on the company's website.

The Clinton project is a sizable 127-claim, 7,470-hectare, VMS (volcanogenic massive sulphide) property located within the Appalachian geological province of the Eastern Townships of Quebec, a region which hosts highly prospective targets due to the geological potential and occurrences of high-grade base metals validated by numerous past-producing mines across a 130-kilometre trend. The Clinton project is located in a Siluro-Devonian thrusted and folded volcanic and sedimentary environment showing volcanogenic massive sulphide (VMS) copper-zinc-lead mineralized horizons.

The technical report describes the historical exploration work completed on the Clinton project, which comprised prospecting, geophysics and drilling concentrated in the 1950s and 1960s, where seven main massive sulphde lenses (A, B, C, D, E, F and V) were discovered in the north and centre of the property as well as minor ones farther south. From 1973 to 1975, a mine was opened to exploit lens O and extract 126,000 tonnes of material with an average grade of 2.74 per cent copper, 2.86 per cent zinc, 0.53 per cent lead and 30.79 grams per tonne silver.

The technical report discloses a historical mineral estimate on five mineralized lenses totalling 1.8 million tonnes at 2.02 per cent copper and 1.54 per cent zinc, including 20-per-cent dilution. This historical mineral estimate predates the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (2014) and NI 43-101 guidelines. A qualified person has not completed sufficient work to classify this historical estimate as current mineral resources or mineral reserves and accordingly should not be relied upon. The author and the company are not treating the historical estimate as current mineral resources or mineral reserves. In order to verify the historical estimate, a qualified person needs to review the historical data, review any work completed on the Clinton project since the date of the historical estimate and complete a new mineral resources technical report. The author of the technical report and the company view this historical estimate as a conceptual indication of the potential size and grade of the copper-zinc deposit in the area, and this information is relevant to continuing exploration efforts. The author of the technical report is unable to assess the reliability of the estimate given that the methodology has not been disclosed. The key assumptions, parameters and methods used to prepare the historical estimate are unknown as original data, reports and other necessary information is not available, missing or no longer existing. The Clinton property does not currently have a mineral resource or mineral reserve as defined by the CIM definition standards.

The company's recent exploration work on the Clinton project aimed to identify potential copper mineralization and successfully extended mineralized lens A farther north as well as mineralized lens E farther north and at depth, both of which carry mainly copper and minor silver, in addition to a major conductive induced polarization anomaly defined to the south. Future work on the Clinton project was also proposed in the technical report aimed at expanding already-known mineralized lenses or discovering new ones, including a proposed deep-penetrating gravity survey followed by a drilling program to test the newly generated targets at depth.

Qualified person

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

We seek Safe Harbor.