Fancamp Exploration Ltd. announced that a letter of intent has been entered into with Bold Ventures Inc., whereby Bold can earn a 50% interest in the company's McFaulds Lake, Ontario property by making cash or share payments totaling $1,500,000 and incurring $8,000,000 in exploration expenditures, over a three year period. An additional 10% interest may be earned upon Bold delivering a positive feasibility study and making an additional payment of $700,000.