Fancamp Announces New Partnership with Harfang and Initiation of Strategic Corporate Reorganization
FANCAMP EXPLORATION LTD.
Website: www.fancamp.ca
News Release
November 12, 2025 TSX-V Trading Symbol: FNC
FANCAMP ANNOUNCES NEW PARTNERSHIP WITH HARFANG AND
INITIATION OF STRATEGIC CORPORATE REORGANIZATION
VANCOUVER, British Columbia – November 12, 2025 - Fancamp Exploration Ltd. (“Fancamp”
or the “Corporation”) (TSX Venture Exchange: FNC) is pleased to announce that it has signed an
option agreement with Harfang Exploration Inc . (“Harfang”), whereby Fancamp , subject to the
approval of the TSX Venture Exchange (“TSX-V”), has the option to acquire up to 80% interest in
the Egan property (the “Agreement”). Egan is comprised of 449 claims totaling ~12,000 hectares,
which hosts a syenite gold system featuring high-grade bulk tonnage and discovery potential,
situated in the gold-rich Abitibi greenstone belt of Ontario, a region with a long history of prominent
gold discoveries and active operations. With this Agreement, Fancamp benefits from exposure to
a promising gold asset in one of Canada’s most productive and proven gold districts, strengthening
the Corporation’s gold portfolio.
SALIENT FEATURES: EGAN OPTION AGREEMENT
Under the First Option, Fancamp shall acquire an initial 40% interest in the Egan property for a
total consideration of $100,000 in cash and shares, under the following terms:
• An initial payment of $50,000, on the day of the TSX-V approval of the Agreement; and
• A payment of $50,000, on the 1st anniversary date of the Agreement.
To exercise the First Option, the Corporation shall also fund an aggregate amount of $1,500,000
in exploration expenditures prior to the 2nd anniversary date of the Agreement.
Following the initial earn -in and at Harfang’s election , upon confirmation by Fancamp of its
intention to elect its Second Option, Harfang will have the option (“Harfang Option”) to convert the
Second Option into a 51% / 49% joint venture in favor of Fancamp . Should this occur, the
Companies will proportionally fund $2,500,000 in exploration expenditures, after which all
additional exploration and development costs will be shared on a pro rata basis.
If Harfang does not exercise the Harfang Option, Fancamp, shall acquire a further 40% interest in
the Egan property for a total consideration of $100,000 in cash and shares , under the following
terms:
• An initial payment of $50,000, within five (5) business days of Fancamp notifying its interest
in exercising the Second Option; and
• A payment of $50,000, on the 3rd anniversary date of the Agreement.
To exercise the Second Option, Fancamp shall also fund an aggregate amount of $ 2,500,000 in
exploration expenditures prior to the 4th anniversary date of the Agreement.
Fancamp will serve as the operator under the terms of the Agreement.
About the Egan Property
The Egan property combines favorable geology, proven gold -bearing structures and high-grade
showings within an underexplored segment of the Abitibi Belt , offering clear discovery potential in
one of the world’s best-endowed gold districts, responsible for over 200 million ounces of historical
gold production. Egan is s trategically located between the Kirkland Lake and Timmins mining
camps in Ontario, which both host multiple multi -million-ounce deposits (Figure 1), this regional
context provides a stable and attractive surrounding that significantly enhances Egan’s discovery
potential. The property is underlain by Archean volcanic and intrusive rocks situated between
two major and productive deformation zones , Destor Porcupine Fault and Cadillac Larder Lake
Fault. These structures are the host of multiple high-grade gold mines, such as those in the Kirkland
Lake and Timmins camp s. Gold mineralization at Egan is believed to be associated with multiple
gold-bearing structural and lithologic targets linked to the syenite intrusions and volcanic contacts.
Surface sampling and drilling at Egan have already defined three key gold occurrences,
returning notable high -grade gold values particularly from the E1 Zone where historical results
include grab samples up to 105.0 g/t Au, and the E3 Zone which recorded grab samples up to 44.7
g/t Au and 19.0 g/t Au, demonstrating the presence of robust gold-bearing structures near surface
(Figure 2 , refer to Harfang Exploration website ). Despite the historical high-grade results and
earmarks of a compelling syenite gold system, Egan remains largely underexplored with significant
untested ground.
Figure 1. Location map of Egan property, surrounding deposits and nearby Gold Camp.
Figure 2. Select exploration highlights at Egan including the E1, E1S, E2, and E3 targets,
Source: Harfang Exploration Website.
STRATEGIC CORPORATE REORGANIZATION
The Corporation plans to implement a strategic reorganization to accelerate value creation by
separating Fancamp’s financial assets from its exploration assets into two distinct entities, thereby
enhancing the overall value of its diverse asset base . Through this process, shareholders will be
provided with an opportunity to benefit from two targeted paths for value creation.
The financial entity portfolio will include Fancamp’s investments, royalties and other financial
instruments. It will dedicate its efforts to the growth, monetization, and expansion of its portfolio by
adopting a focused strategy . The financial entity seeks to provide investors with a streamlined
portfolio and maintenance of a capital light business model with a focus on scale through strategic
acquisitions.
The exploration entity will offer investors direct exposure to Fancamp’s high -quality exploration
projects, including the newly optioned Egan property. This entity will serve as a gold and gold-rich
base metal focused exploration vehicle, providing opportunities for value creation through the
development of promising, well-located projects with discovery, resource and expansion potential.
This corporate reorganization is anticipated to attract targeted capital and increased investor
interest by offering two distinct streams for investment. Fancamp intends to communicate definitive
plans for the execution of this reorganization in the near future.
"I am more confident than ever in Fancamp’s path to unlocking meaningful value for our
shareholders. This strategic reorganization represents the culmination of our efforts to strengthen
and streamline our portfolio, while simplifying the Fancamp narrative to ensure that the significant
underlying value of our assets is fully realized and recognized by the market." said Rajesh Sharma,
CEO of Fancamp Exploration Ltd. “This partnership with Harfang marks a strategic opportunity
for our exploration entity to expand its presence in one of Canada’s most prolific mining regions
while providing exposure to a high -quality gold asset. Egan fits perfectly within our strategy of
pursuing high -potential exploration assets that complement our existing projects and provide a
clear path to discovery.”
Qualified Person
The technical information contained in this press release was reviewed and approved by Mr
François Auclair, PGeo, M.Sc. Vice President Exploration of Fancamp, designated as a Qualified
Person under National Instrument 43-101.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a Canadian mineral exploration corporation focused on creating value through medium
term growth and monetization opportunities with strategic interests in high potential mineral
projects, royalty portfolio and exploration properties. The Corporation 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 Corporation has future monetization opportunities from
its Koper Lake transaction in the highly sought -after Ring of Fire in Northern Ontario. Fancamp
holds 96% interests in Magpie Mines Inc., which owns the Magpie property, one of the world’s
largest undeveloped hard rock titanium (+V) deposits, per USGS data. Fancamp has investments
in an existing iron ore operation in the Quebec Labrador trough, a rare earth elements corporation,
NeoTerrex Minerals Inc., a copper –gold exploration corporation, PTX Metals Inc., 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, EDM Resources Inc. in Nova Scotia.
Fancamp is developing an energy reduction and titanium waste recycling technology wit h its
advanced titanium extraction strategy. The Corporation is managed by a focused leadership team
with decades of mining, exploration and complementary technology experience. Further
information of the Corporation can be found at: www.fancamp.ca
Forward-looking Statements
This news release contains certain “forward -looking statements” or “forward -looking information”
(collectively referred to herein as “forward -looking statements”) within the meaning of applicable
securities legislation. Such forward -looking statements incl ude, without limitation forecasts,
estimates, expectations, and objectives for future operations that are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the control of the Corporation.
Forward-looking statements are s tatements of fact that are not historical facts or are events or
conditions that may occur or be achieved.
Although Fancamp believes that the material factors, expectations and assumptions informing such
forward-looking statements are reasonable based on information available to it on the date such
statements were made, no assurances can be given as to future results of such statements.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors
relating to the delays in obtaining or failures to obtain required governmental, environmental or
other project approvals; uncertainties relating to the availability and costs of financing needed in
the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the
development of projects; other risks involved in the mineral exploration and development industry
and other factors that may cause actual events to differ materially from those anticipated in such
forward-looking statements.
Readers are cautioned that the foregoing list of factors is not exhaustive. Statements including
forward-looking statements are made as of the date they are given and, except as required by
applicable securities laws, Fancamp disclaims any intention or obl igation to publicly update or
revise any forward -looking statements, whether as a result of new information, future events or
otherwise. The forward-looking statements contained in this news release are expressly qualified
by this cautionary statement.
For Further Information
Rajesh Sharma,
President & Chief Executive Officer
Tara Asfour,
Director of Investor Relations
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.