Fancamp Receives Shares of Canadian Gold Resources and Finalizes Transfer of Robidoux Property
FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2
Telephone: 604-434-8829 | Website: www.fancamp.ca
News Release
December 19, 2024 TSX-V Trading Symbol: FNC
Fancamp Receives Shares of Canadian Gold Resources
and Finalizes Transfer of Robidoux Property
VANCOUVER, British Columbia – December 19, 2024 - Fancamp Exploration Ltd. (“Fancamp” or
the “Corporation”) (TSX Venture Exchange: FNC) announces that it has been issued 1,600,000
common shares of Canadian Gold Resources Ltd. (“Canadian Gold”), currently valued at
approximately $830,000, as part of a previously announced mining claims sale agreement for the
Corporation’s package of 34 mineral claims associated with the Robidoux property, located in the
Gaspé region of Quebec along the Grand Pabos Fault, a major geological occurrence known for
orogenic gold mineralization, refer to press release dated January 31, 2023.
Canadian Gold is a mineral exploration firm focused on developing known, historic high-grade gold
projects in the Gaspé Gold Belt of Quebec, Canada, with its shares trading on the TSX Venture
Exchange under symbol CAN.
Rajesh Sharma, President and Chief Executive Officer of Fancamp said, “This Transaction fits within
Fancamp’s strategy of optioning out, entering into joint venture or monetizing its non-core mineral
assets for retained interest, creating several forms of value in cash, shares and royalty.”
All conditions precedent including the transfer of the Robidoux property mining claims and rights to
Canadian Gold as well as Canadian Gold’s completion of an Initial Public Offering (“IPO”) have been
met per the mining claims sale agreement, and Fancamp has furthermore been issued a 2% net
smelter returns royalty for products derived from the Robidoux property.
The Robidoux property is located in the western Gaspé Peninsula, Quebec, covering 1,940 hectares,
strategically situated along the Grand Pabos Fault, a major fault zone and distinct regional scale
structure that can be traced across the entire Gaspe Peninsula into Newfoundland, recognized for its
gold-bearing potential and where major gold discoveries have been made.
Canadian Gold plans to conduct further exploration at Robidoux during 2025, with a bulk sample
program targeting additional high-grade zones, to further define the resource potential and provide
crucial data for future development. In addition to bulk sampling, the company plans to carry out follow-
up drilling to test previously identified high-grade zones along the known vein systems. In parallel,
Canadian Gold intends to conduct bulk sampling at its Lac Arsenault property and advance its other
100% owned gold projects located along Quebec and Newfoundland's prolific Grand Pabos Fault.
Qualified Person
The technical information contained in this press release was reviewed and approved by François
Auclair, P.Geo, M.Sc. Vice President Exploration of Fancamp, a Qualified Person under National
Instrument 43-101.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a growing Canadian mineral exploration company focused on creating value through
medium term growth and monetization opportunities with its strategic interests in high potential mineral
projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play
poised for growth and selective monetization with a portfolio of mineral claims across Ontario, Québec
and New Brunswick, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth
metals and others. The Company continues to identify 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 elements company, NeoTerrex Minerals Inc.,
a copper–gold exploration company, Platinex Inc., an opportunity to develop an emerging gold-copper
exploration play with Lode Gold Resources, in addition to an investment in a near term cash flow
generating zinc mine, EDM Resources Inc. in Nova Scotia. The Company has future monetization
opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern
Ontario. Fancamp is developing an energy reduction and titanium waste recycling technology with its
advanced titanium extraction strategy. The Company is managed by a focused leadership team with
decades of mining, exploration and complementary technology experience.
Further information of the Company 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
Canadian securities legislation. Such forward-looking statements herein include, without limitation,
statements regarding the proposed Riley Brook exploration program, the Company’s expectations in
respect of the Company’s various investments in, and joint venture with, other mineral exploration and
development companies; the Company’s 2024 exploration program; the Company’s anticipated
advancement of its titanium technology; and the timing and result of various activities. Statements
including forward-looking statements are made as of the date they are given and, except as required
by applicable securities laws, the Company disclaims any intention or obligation to publicly update or
revise any forward-looking statements, whether as a result of new information, future events or
otherwise.
Forward-looking statements are based on assumptions management believes to be reasonable,
including but not limited to: the continued operation of the mineral companies in which the Company
has invested, the Company’s ability to maintain its current percentage shareholdings in such
companies, the conditions in general economic and financial markets; the price of gold, silver and
titanium; timing and amount of expenditures related to the Company’s exploration programs; the
availability of additional financing; and the availability and costs of mining equipment and skilled
labour.
Forward-looking statements involve known and unknown involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance or achievements of the
Company to be materially different from those expressed or implied by such statements. Such factors
include but are not limited to changes in the operations of the mineral companies in which the
Company has invested; changes in the Company’s shareholdings in such companies; results of
exploration activities; interpretation of survey and testing results; financial risks due to precious metals
prices; operating or technical difficulties in mineral exploration activities; the speculative nature of
mineral exploration; risks in obtaining necessary licenses and permits; general market and industry
conditions; and the availability of additional financing. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-
looking statements, there may be other factors that cause results to be materially different from those
anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-
looking statements will prove to be accurate as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
For Further Information
Rajesh Sharma, President & Chief Executive
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.