VANCOUVER - Fancamp Exploration Ltd. ('Fancamp' or the 'Company') (TSXV: FNC) is pleased to announce the results of a property examination and the completion of an airborne magnetic survey on its 15-claim, 815-hectare DiLeo property.

The property is in the Frotet-Troilus area of Central Quebec approximately 100km north of Chibougamau. There has been a resurgence of exploration in this area over the last two years with major projects initiated by Kenorland Minerals Ltd. (funded by Sumitomo Metal Mining Canada Ltd.), Troilus Gold Corp., UrbanGold Minerals Inc. and X-Terra Resources Inc. The mineral potential of the area is highlighted by Kenorland's recent discovery of a significant new gold system at its Regnault prospect, located 10km due south of DiLeo, where multiple gold-bearing drill intersections were just announced including 8.47 grams per tonne gold ('gpt Au') over 29.0m from 72.0 m (Kenorland press release dated July 29, 2020).

The DiLeo property has been held by Fancamp since the early 1990's but it is only recently accessible by gravel logging roads. Previous work in the mid-1990's returned significant copper, silver, zinc and gold values on surface and drilling as detailed in Fancamp's press release dated June 17, 2020.

About Fancamp Exploration Limited (TSXV: FNC)

Fancamp is a public company using a value added strategy based on the acquisition of potentially valuable assets, adding value through the selection process itself and subsequent development work, self-financed or otherwise, followed by disposition, proceeds from which, are used to finance the same process multiple times. The Company has an exceptional inventory of resource properties in Quebec, Ontario and New Brunswick; commodities of interest include gold, rare earth elements, strategic metals, base metals, chromium, titanium, iron and silica. In addition, the Company has begun to build on the industrial possibilities inherent in dealing with some of these materials. The Company is a reporting issuer in British Columbia, Alberta, Ontario and Quebec and its common shares are listed for trading on the TSX Venture Exchange under the symbol FNC.

Contact:

Tel: 1-514-481-3172

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

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