Fancamp Announces Brokered Financing

FANCAMP EXPLORATION LTD.

7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2 Telephone: 604-434-8829 Facsimile: 604-434-8823 Web site: www.fancampexplorationltd.ca

NEWS RELEASE

FANCAMP ANNOUNCES BROKERED FINANCING

April 12, 2010 TSX Trading Symbol: FNC S.E.C. Exemption: 12(g)3-2(b)

Fancamp Exploration Ltd. (TSX Venture Exchange - FNC): Fancamp Exploration Ltd. (the “Company”) wishes to announce a brokered private placement financing of up to $2,000,000 through the sale of 4,000,000 Units (the “Units”) at $0.50 per Unit. Each Unit will consist of one common share, and one-half of one common share purchase warrant (the “Warrants”). Each whole Warrant will be exercisable to acquire one additional common share at a price of $0.75 per share for two years from the closing date, subject to earlier forced acceleration in the event the Company's shares close at a price of $1.00 per share or more for 30 consecutive trading days after the four month hold expires.

Pope & Company Limited has been engaged by the Company to act as lead underwriter of this financing. Pope & Company Limited will offer a selling group concession subject to allotment, all in accordance with regulatory policies. The proceeds received will be used for work on the Company's exploration properties in Ontario and Quebec and for general working capital. The above is subject to regulatory approval.

ON BEHALF OF THE BOARD

“Peter H. Smith”, PhD., P.Eng., President

For further corporate information, contact: Peter H. Smith, PhD., P.Eng., President, at 514-481-3172

For further information on this private placement, contact:

Pope & Company Limited James Doyle, Head of International Mining Finance (416) 593-5546 or [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.