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Fancamp Welcomes Francis MacDonald to the Board of Directors

Management Changes

FANCAMP EXPLORATION LTD.

7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2

Telephone: 604-434-8829 | Website: www.fancamp.ca

News Release

September 16, 2024 TSX-V Trading Symbol: FNC

Fancamp Welcomes Francis MacDonald to the Board of Directors

VANCOUVER, British Columbia – September 16, 2024 - Fancamp Exploration Ltd. (“Fancamp”

or the “ Company”) (TSX Venture Exchange: FNC) is pleased to announce the appointment of

Francis MacDonald to the Board of Directors. Mr. MacDonald brings over 15 years of experience

in the mining industry as an exploration geologist by training and as a public markets executive. He

currently holds the position of CEO and Director of Li-FT, a mineral exploration company engaged

in the acquisition, exploration, and development of lithium pegmatite projects located in Canada.

Mr. MacDonald was a Co-Founder and the Executive Vice President of Kenorland Minerals, a North

American-focused exploration company that generates greenfield exploration opportunities across

different commodities. Prior to co-founding Kenorland Minerals in 2016, Mr. MacDonald spent the

majority of his career as a geologist with Newmont Mining Corporation where he was involved in

regional exploration programs in Ethiopia, covering a large portion of prospective geology in the

Tigray region, as well as in Burkina Faso, Cote d’Ivoire, and the Hope Bay Project in Nunavut,

Canada.

Mark Billings, Chairman of the Board of the Company comments, "The Company is pleased to have

attracted a new Director of such caliber, who will make a great addition to our Board. Mr.

MacDonald brings significant technical and leadership experience during a pivotal time in

Fancamp’s development.”

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. T he 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

For Further Information

Rajesh Sharma, President and CEO

+1 (604) 434 8829

[email protected]

Debra Chapman, CFO

+1 (604) 434 8829

[email protected]

Tara Asfour, Director of Investor Relations

+1 (604) 434 8829

[email protected]

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.