Mr. Rajesh Sharma reports

FANCAMP ANNOUNCES COMPLETION OF LITIGATION SETTLEMENT AND SHARES FOR DEBT TRANSACTION

Further to the news release dated May 9, 2025, Fancamp Exploration Ltd. has completed its previously announced settlement with a former director of the corporation to resolve the litigation proceedings (as defined herein) between the parties. The settlement was completed in accordance with the terms of the settlement agreement entered into between the corporation and the former director, pursuant to which, among other things, the corporation has issued to the former director 1,428,572 common shares of the corporation at a deemed price of seven cents per settlement share.

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 and unpaid consulting fees 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, the plaintiffs have agreed to discontinue the Ontario proceeding against the corporation, and the corporation has agreed to discontinue the B.C. proceeding against the former director. The corporation has issued to the former director the settlement shares as partial consideration for the settlement.

The issuance of the settlement shares pursuant to the shares-for-debt transaction has received the approval of the TSX Venture Exchange. The settlement shares issued to the former director pursuant to the settlement are 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, a 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 96-per-cent interests 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., a copper-gold exploration company Platinex Inc. and 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 of 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.