Fancamp Files Audited Year End and Interim Financial Statements
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FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2
Telephone: 604-434-8829 | Website: www.fancamp.ca
News Release
October 24, 2023 TSX-V Trading Symbol: FNC
Fancamp Files Audited Year End and Interim Financial Statements
VANCOUVER, British Columbia – October 24, 2023 - Fancamp Exploration Ltd. (“ Fancamp” or the
“Corporation”) (TSX Venture Exchange: FNC) today announced the filing of its audited consolidated
financial statement for the year ended April 30, 2023, annual management’s discussion and analysis for
the same period and management certifications of annual filings (collectively, the “ Annual Filings”). The
Corporation also announced the filing of its unaudited interim financial statements for the three months
ended July 31, 2023, the management’s discussion and analysis for the same period and manag ement
certifications of interim filings (collectively, the “Interim Filings”). The Annual Filings and the Interim Filings
can be found under Fancamp’s profile on SEDAR+ (www.sedarplus.ca).
As previously announced on August 29, 2023 , the Corporation had been granted a management cease
trade order (“MCTO”) from the British Columbia Securities Commission (the “BCSC”) due to a delay in filing
of the Annual Filings beyond the deadline of August 28, 2023 prescribed by Canadian securities laws. The
MCTO was granted by the BCSC on August 29, 2023. The MCTO prohibits the Corporation’s management
from trading in the securities of the Corporation until such time as the Annual Filings and Interim Filings are
filed. The MCTO does not affect the ability of any other shareholders of the Corporation to trade securities
of the Corporation.
As a result of the delay in filing the Annual Filing, the filing of the Corporation’s Interim Filings had been
delayed beyond the filing deadline of September 29, 2023 prescribed by Canadian securities laws.
With today’s filing of the Annual Filings and the Interim Filings, the Corporation believes that it has satisfied
the conditions of the MCTO in order to have the MCTO revoked by the BCSC.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a growing Canadian mineral exploration corporation dedicated to its value -added strategy of
progressing priority mineral properties through exploration and innovative development. The Corporation is
focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral
claims encompassing over 147,000 hectares across Ontario, Quebec and New Brunswick, Canada;
including copper, gold, zinc, titanium, chromium, strategic rare -earth metals and others. The Corporati on
continues to identify near term cash -flow generating opportunities and in parallel aims to advance its
investments in strategic mineral properties. Fancamp has investments in an existing iron ore operation in
the Quebec-Labrador Trough, a rare earth ele ments company, NeoTerrex Corporation, in addition to an
investment in a zinc mine planned to be restarted in Nova Scotia. The Corporation has future monetization
opportunities from its Koper Lake transaction in the highly sought -after Ring of Fire in North ern Ontario.
Fancamp is developing an energy reduction and titanium waste recycling technology with its advanced
titanium extraction strategy. The Corporation is managed by a focused leadership team with decades of
mining, exploration and complementary technology experience.
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Further information of the Corporation can be found at: www.fancamp.ca
Forward-looking Statements
Certain statements contained in this news release may constitute forward-looking statements within the
meaning of applicable securities legislation. Forward-looking information in this news release may include
statements about the Corporation’s satisfaction of the conditions of the MCTO and the timing of revocation
of the MCTO.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward-looking statements.
The forward-looking statements contained in this news release are based on certain key expectations and
assumptions made by the Corporation, including, without limitation, the expectation that the Corporation
has satisfied the conditions in order for the MCTO to be revoked. Although the Corporation believes that
the expectations and assumptions on which the forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking statements because the Corporation can give
no assurance that they will prove to be correct. Since forward-looking statements address future events
and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of factors and risks. These include, but are not
limited to risks and uncertainties arising from the revocation of the MCTO and replacement with a cease
trade order, general business, economic, competitive, political and social uncertainties and other factors,
many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporation’s expectations
as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention
or obligation to update or revise any forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable securities regulations.
For Further Information
Rajesh Sharma, President & Chief Executive
Officer
+1 (604) 434 8829
Debra Chapman, Chief
Financial Officer
+1 (604) 434 8829
Tara Asfour, Director of Investor Relations
+1 (604) 434 8829
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.