Fancamp Exploration Ltd. announced complete results of its soil sampling program on its Diléo property in the Frotet-Evans Greenstone Belt, located 100 kilometers north of Chibougamau, Québec, Canada, a highly prospective precious metals target comprised of 15 claims and totaling 815 hectares. Regional The Kenorland Lac Regnault discovery made in 2020 and Troilus Gold Corp. continued efforts in the Frotet-Evans Greenstone Belt revived exploration efforts in the area as exciting new discoveries were made.

Kenorland's success at Regnault is in part due to regional soil sampling programs. The geochemical survey conducted on the property was successful in delineating what Fancamp believes to be a sizeable gold geochemical anomaly in the northwest area of the property. Exploration work on the Diléo property dates back to the 1990's when Noranda Inc. optioned the property from Fancamp and completed prospecting, geological mapping, ground geophysical surveys and two diamond drilling programs for a total of 2,717 meters across 7 holes (GM53927). Noranda successfully drilled two copper-zinc (Cu-Zn) volcanic massive sulfide (VMS) showings on the project, with intersections of high-grade mineralization over narrow lengths, as described below: Lac Diléo Copper-Zinc Showing: 3.67% Cu, 4.22% Zn and 41.3 g/t Ag over 0.35 meters (LD-95-06: GM53927) Lac Diléo North-East: 6.21% Cu, 5.85% Zn and 105.06 g/t Ag over 0.6 meters (MC-62-09: GM13435) Noranda also discovered a high-grade gold showing, Diléo-Or, which returned channel samples of 12.63 g/t Au and 0.47% Cu over 0.4 meters and grab samples of up to 16.59 g/t Au, 4.94% Cu and 38.7 g/t Ag (GM53927).

Because of gold market conditions in the early 1990's, Noranda had dedicated limited efforts outlining the gold potential of the Diléo property. The property is strategically located in an area where vast exploration has been conducted over the years with major projects initiated by Kenorland Minerals Ltd. (funded by Sumitomo Metal Mining Canada Ltd.), Troilus Gold Corp., Argonaut Gold Inc, UrbanGold Minerals Inc. and X-Terra Resources Inc. A property examination (prospecting and sampling) conducted in Summer 2020 where 7 select grab samples were collected from the property (4 from the Diléo showing), returned notable values ranging from 1.10%-13.85% Cu, 6-130 gpt Ag and 1.72-8.65% Zn, with a single best sample returning 13.85% Cu, 130 gpt Ag, 8.65% Zn and 0.17 gpt Au, validating the exceptional potential of the property. The Diléo Project lies in the Frotet-Evans Greenstone Belt (2793-2755Ma), in the Opatica Subprovince, and is comprised of a bimodal mafic-felsic volcanic sequences package.

Structurally complex, the Frotet-Evans has been strongly deformed by two major deformation events. The volcanic sequences have been strongly folded as a result. Within this volcanic host rock package, narrow copper – zinc rich massive sulfides have been intersected by previous exploration programs. Fancamp also believes the property has untapped gold mineralization potential as highlighted by the high-grade gold samples taken from the Diléo-Or showing and low exploration expenditure spent on the property since the 1990's.