Fancamp Announces Receipt of Extension Notice of Maturity Date of Secured Convertible Promissory Note
FANCAMP EXPLORATION LTD.
Website: www.fancamp.ca
News Release
March 2, 2026 TSX-V Trading Symbol: FNC
Fancamp Announces Receipt of Extension Notice of Maturity Date
of Secured Convertible Promissory Note
VANCOUVER, British Columbia – March 2, 2026 - Fancamp Exploration Ltd. ( “Fancamp” or the
“Corporation”) (TSX Venture Exchange: FNC) announced today that Fancamp has received notice from
The Canadian Chrome Company Inc. (formerly KWG Resources Inc.) (“CCC”) of the exercise of its one-time
option to extend the maturity date of the secured convertible promissory note dated September 1, 2022
issued by CCC in favour of Fancamp. The maturity date of the secured convertible promissory note will be
extended from September 1, 2026 to August 31, 2027, provided there is no event of default under the
secured convertible promissory note on or before September 1, 2026.
About Secured Convertible Promissory Note
As previously announced, Fancamp agreed to sell its beneficial interests in the Koper Lake-McFaulds mining
claims located in Ontario’s Ring of Fire region to CCC in exchange for a C$34.5 million secured convertible
promissory note bearing 6% annual interest along with certain equity interests in CCC (warrants to purchase
multiple voting shares of CCC) and a 2% net smelter re turn royalty on the claims partially subject to buy -
down and right of first refusal provisions. Interest on the note may be paid in cash or multiple voting shares
of CCC and Fancamp has the right to convert the secured convertible promissory note’s principal into
multiple voting shares of CCC at structured conversion prices over time. The secured convertible promissory
note has a maturity of four years from date of issuance provided CCC has a one-time option to extend the
maturity date of the secured conver tible promissory note for an additional one year if there is no event of
default under the secured convertible promissory note on or before September 1, 2026.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a Canadian mineral exploration company focused on creating value through medium -term
growth and monetization opportunities with strategic interests in high potential mineral projects, a royalty
portfolio, and exploration properties. The Corporation is focused on the advancement of its growing portfolio
of mineral claims across Ontario, Québec and New Brunswick, and has diversified exposure to copper, gold,
zinc, titanium, chromium, iron, strategic rare-earth metals, among others. The Corporation has monetization
opportunities from its transaction with The Canadian Chrome Company Inc. in the highly sought-after Ring
of Fire in Northern Ontario. The Corporation’s investments include stakes in an existing iron ore operation
in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., a copper–gold
exploration company, PTX Metals Inc. and an investment in a near-term cash flow generating zinc mine in
Nova Scotia, EDM Resources Inc. , among others. The Corporation’s diverse royalty portfolio includes a
future finite production payment on certain Fermont Properties owned by Champion Iron Limited and 2%
NSR on Black Horse mining claims in the Ring of Fire. The Corporation 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. The Corporation has newly incorporated a subsidiary, Goldera Exploration Ltd.,
as part of a strategic reorganization of the Corporation’s assets, pursuant to which it intends to spin out its
interests in core exploration projects into Goldera, creating two distinct value -creating entities for its
shareholders (refer to press releases dated December 1, 2025 and February 10, 2026).
Further information on the Corporation can be found at: www.fancamp.ca
For Further Information
Rajesh Sharma, President & CEO
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.