Fancamp Closes Financing

FANCAMP EXPLORATION LTD.

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

FANCAMP CLOSES FINANCING

November 15, 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 the closing of a non brokered private placement of $2,000,000 through the sale of 3,725,490 flow through shares (“FT Shares”) at $0.51 per FT Share and 219,780 non flow through shares (“NFT Shares”) at $0.455 per NFT Share.

The shares are subject to a four month hold period expiring on March 16, 2011.

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 or Michael D’Amico, Bay Street Connect Investor Relations at 647-500-6023

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.