Mr. Rajesh Sharma reports

FANCAMP ANNOUNCES LITIGATION SETTLEMENT AND SHARES FOR DEBT TRANSACTION

Fancamp Exploration Ltd. has entered into a settlement agreement with a former director of the corporation to resolve the litigation proceedings (as defined herein) between the parties.

The litigation proceedings involved a statement of claim filed by the former director and his controlled entity in the Ontario Superior Court of Justice relating to liquidated damages claimed by the plaintiffs from the corporation in connection with the termination of the consulting agreement between the corporation and an entity controlled by the former director. Fancamp also commenced a civil claim against the former director in the Supreme Court of British Columbia.

Pursuant to the terms of the settlement agreement, upon the receipt of approval of the shares-for-debt transaction (as defined herein) from the TSX Venture Exchange, the corporation shall, among other obligations, issue to the former director 1,428,572 common shares of the corporation at a deemed price of seven cents per common share as partial consideration for the settlement of the litigation proceedings.

The issuance of the common shares pursuant to the shares-for-debt transaction is subject to the approval of the TSX-V. All securities issued pursuant to the settlement shall be subject to a statutory hold period expiring four months and one day from the date of issue.

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 corporation 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 corporation has future monetization opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp holds 96-per-cent interests in Magpie Mines Inc., which owns the Magpie property, one of the world's largest undeveloped hardrock titanium (and vanadium) deposits, per USGS data. 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, and Platinex Inc., an opportunity to develop an emerging gold-copper exploration play with Lode Gold Resources Inc., in addition to 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 corporation is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.

We seek Safe Harbor.