Mr. Rajesh Sharma reports

FANCAMP REPORTS COMBINED GOLD-IN-SOIL AND EM ANOMALIES, AND DEFINES TARGET FOR 2025 EXPLORATION AT NEW BRUNSWICK ACADIAN GOLD

Fancamp Exploration Ltd. has released initial exploration results of Acadian Gold Corp., a joint venture with Lode Gold Resources Inc. for the advancement of a district-scale, 445-kilometre underexplored land package, located in a highly prospective region for gold and polymetallic mineral discovery in northern New Brunswick.

The integration of soil geochemistry and geophysical data has indicated the potential for highly prospective mineralized systems at McIntyre Brook and defined new targets which would be subject to further exploration in 2025. These results build positively on previously announced findings and enhance the potential for a gold-copper discovery at McIntyre Brook.

The results received from a soil geochemical survey conducted in November, 2024, in the northeastern area of the McIntyre Brook property, in close proximity to a series of electromagnetic conductors revealed from the fall HeliTEM survey (refer to press releases dated Oct. 18, 2024, and Jan. 20, 2025), indicate the potential for a near source of gold mineralization.

Highlights:

• The heliborne HeliTEM survey revealed, among other aspects, the presence of a series of EM conductors in the northeastern part of the McIntyre Brook property, which create an open ellipsoid over a significative area.
• The initial soil geochemical survey conducted in November, 2024, at the periphery of the southeastern and northeastern area of the conductors, revealed the presence of gold-in-soil anomalies associated with arsenic, antimony and tungsten anomalies.
• The area is also characterized by a 275-part-per-billion-gold stream sediment downstream from the conductive area. This sample was the highest value returned from the 1981 regional stream sampling program conducted in the area by the Geological Surveys Branch of New Brunswick.

These new results from McIntyre Brook reveal coincident gold-in-soil anomalies and prominent electromagnetic conductors, significantly enhancing the potential for a substantial gold-copper discovery. These promising targets are situated within the geologically favourable Wapske formation, structurally defined by the McIntyre Brook and Ramsay Brook faults. Furthermore, analysis of new HeliTEM magnetic and radiometric data has identified additional faulting and a coincident elevated radiometric signature, potentially indicative of rhyolites or hydrothermal activity -- key indicators of significant gold mineralization in the Wapske formation. Consequently, this area at McIntyre Brook has been designated a high-priority target for the Acadian Gold's 2025 exploration program, offering considerable potential for a new gold discovery.

Francois Auclair, vice-president of exploration of Fancamp, commented, "Our ongoing exploration at McIntyre Brook continues to showcase the district-scale potential of this project, and the positive results received validate the potential to discover gold-copper targets."

With the complete data set from the 2024 New Brunswick exploration program now received, target generation is progressing, and the 2025 exploration plan will be finalized in the coming weeks.

The Acadian Gold joint venture between Fancamp Exploration and Lode Gold Resources was the recipient of a $100,000 grant from the 2024 New Brunswick junior mining assistance program for exploration programs on the Riley Brook and McIntyre Brook properties. The funds have allowed Acadian Gold to pursue and develop a successful exploration program in 2024. The corporation thanks the New Brunswick Department of Natural Resources and Energy Development for this inaugural support.

New Brunswick Acadian Gold joint venture: A joint initiative with Lode Gold for the advancement and exploration of significantly sized, well-located and underexplored mineral assets in New Brunswick, Acadian Gold is a 50/50 joint venture that is located in a highly prospective region for gold and polymetallic minerals, a geologic domain that hosts other gold-focused firms such as Calibre Mining and New Found Gold. The Acadian Gold joint venture includes the Riley Brook property, a 334.5-square-kilometre land package of mineral claims and 111 square kilometres of McIntyre Brook mineral claims, combined to create a dominant landholding on an orogenic belt where other major developers are established and host certain world-class deposits. The Acadian Gold joint venture is positioned from a strategic perspective as a key player in the region and holds the potential to become an emerging, district-scale gold-copper exploration play with upside potential from a major discovery (refer to press releases dated Aug. 27, 2024, and Oct. 9, 2024).

About Fancamp Exploration Ltd.

Fancamp is a Canadian mineral exploration company focused on creating value through medium-term growth and monetization opportunities with strategic interests in high-potential mineral projects, royalty portfolio and exploration 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 has future monetization opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp holds a 96-per-cent interest in Magpie Mines Inc., which owns the Magpie property, one of the world's largest undeveloped hardrock titanium (plus vanadium) deposits, per United States Geological Survey data.

Fancamp has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth element company, Neoterrex Minerals Inc., and a copper-gold exploration company, Platinex Inc., an opportunity to develop an emerging gold-copper exploration play with Lode Gold, and an investment in a near-term cash-flow-generating zinc mine, EDM Resources Inc. in Nova Scotia. 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.

Qualified person

The technical information contained in this press release was reviewed and approved by Francois Auclair, PGeo, MSc, vice-president, exploration, of Fancamp, designated as a qualified person under National Instrument 43-101. Francois Auclair, the company's qualified person, has reviewed and approved the technical disclosure contained in this news release.

Quality assurance and quality control

Francois Auclair, PGeo, MSc, a qualified person as defined by National Instrument 43-101, is responsible for the continuing drilling and sampling program, including quality assurance and quality control. Assays for the soil sampling and trenching were respectively analyzed by ALS Canada Ltd. and Techni-Lab, a subdivision of Actlabs. The corporation inserts quality control samples (blanks, standard reference material and duplicates) at regular intervals to monitor laboratory performance.

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