Fancamp Acquires Additional GOLD and Base Metal Properties IN Swayze, Ontario and Bathurst, New Brunswick Camps

FANCAMP EXPLORATION LTD.

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

Telephone: 604-434-8829 Facsimile: 604-434-8823

Web site: www.fancampexplorationltd.ca

NEWS RELEASE

February 20, 2018 TSX Trading Symbol: FNC

S.E.C. Exemption: 12(g)3-2(b)

FANCAMP ACQUIRES ADDITIONAL GOLD AND BASE METAL PROPERTIES IN

SWAYZE, ONTARIO AND BATHURST, NEW BRUNSWICK CAMPS

Fancamp Exploration Ltd. (“Fancamp” or the “Company”) (TSX VENTURE: FNC) wishes to announce

the acquisition of two new exploration properties.

In the Swayze Greenstone Belt, the Company has finalized the purchase of a two- claim unit of 30.11

hectares (74.4 acres) known as the Woman River occurrence. Consideration for this outright purchase is

the issuance of 250,000 fully paid common shares of Fancamp, subject to regulatory approval, together with

a 1.5% NSR, of which 1% may be purchased for $1M. This property adjoins the northwest corner of the

Mallard Gold Project, (See Fancamp news release of January 17th, 2018).

In the Bathurst Camp of New Brunswick, the Company has signed a three- year option agreement with

prospector David O’Neil, and geologist Art Hamilton, on a 969.4 hectare (2,395.4 acres) k nown as the

Brunswick North Property. Consideration for this purchase option to a 100% interest is in exchange for

aggregate cash payments of $35,000.00 and the issuance of up to 500,000 common shares of Fancamp

Exploration Ltd., over a period of three years, subject to regulatory approval. The claims are subject to a

2% NSR, of which 1% may be bought back for $1,000,000.00.

The Woman River Zone was first discovered in 1933 and was drill -tested to a maximum depth of only 70m

by Noranda in 1985 with a 2,025m BQ drilling program on two separate targets within the property. The

Woman River Zone tested a northwest trending shear zone, an extension of the 8km long Mallard shear of

the Mallard Gold Project itself. Noranda drillhole BE -85-1, drilled at – 450 across this shear, intersected

3.7m grading 5.04 gpt Au, including 0.61m grading 19.47 gpt at a vertical depth below surface of about 30m.

Drillhole BE 85-3, drilled on the same section as BE -85-1, and 60m to the northeast, at – 480, intersected

the mineralized zone down dip at a vertical depth of about 70m. This intersection gave 6.68 gpt Au over

1.83m. Drillhole BE -85-5 drilled along strike, 90m to the northwest, intersected 3.5 gpt Au over 2.8m. All

mineralized zones were associated with the contact of a weakly foliated quartz porphyry and sheared,

altered mafic to intermediate volcanic rocks. The zone typically contained strong quartz-carbonate veining,

and silicification with peripheral sericitization. Disseminated pyrite was evident, but no greater t han 1-2%.

The second target, referred to as the Camp Zone was also tested by Noranda during the 1985 drill program.

This zone is approximately 400m northeast of the Woman River Zone where one of four drillholes intersected

mineralization at the sheared contact of a quartz-feldspar porphyry and mafic volcanic rocks. Highest gold

values were reported in a brecciated felsic rock with a silicified, white quartz matrix. Disseminated pyrite

was evident up to 1- 2%. This intersection was encountered in drillhole BE -85-6, which reported 5.31 gpt

Au over 3.8m.

The Brunswick North Property is located 20 km southwest of Bathurst in northern New Brunswick and

includes claim nos. 7727, 7744, 8598, and 7957 that covers a total of 969.4 hectares on Crown Land. The

Property is situated approximately 3 km southwest from the Middle River Gold deposit and 6 km northwest

from the Brunswick No. 12 volcanogenic massive sulphide (VMS) deposit. Recent discoveries on the

Brunswick North property indicate potential for gold as well as VMS mineralization with assays from float

samples on the Property ranging up to 7.69 g/t Au and high grade massive sulphide boulders grading up to

3.8 g/t Au, 158 g/t Ag, 17.3% Pb and 8.5% Zn. During fifty years of mining, the nearby Brunswick No. 12

Mine produced 134 million tonnes grading 7.82% Zn, 3.05% Pb, 0.45% Cu, 91.5 g/t Ag and 0.67 g/t Au.

Diamond drilling at the nearby Middle River Gold deposit in 2004 has identified gold mineralization over a

strike length of 490 metres, where the best i ntersection ran 3.41 g/t Au over 17.6 metres and included an

upper higher-grade zone of 4.7 metres grading 7.49 g/t Au and a lower higher -grade zone of 1.7 metres

grading 6.51 g/t Au. No drilling has been reported on this property and trenching has apparently only been

carried out near the northern margin of the area exhibiting anomalous gold soil values.

A VTEM Time Domain EM and Magnetic survey over strategic parts of the Mallard Gold Project including

the Woman River Zone, will soon be completed by Geotech. In addition, the Company wishes to report

completion of an airborne MAG -TDEM survey over its Becaguimec magmatic sulphide- VMS property in

central New Brunswick.

This release was written by Mr. Mike Flanagan, M.Sc.A, P.Geo, V .P. Exploration, the Company’s qualified

person under NI 43-101 regulations.

About Fancamp Exploration Ltd (www.fancampexplorationltd.ca)

Fancamp’s focus is on grassroots mineral exploration; adding value through prospecting, geophysics and

drilling, and managing risk through sales and property option agreements. The Company has an exceptional

inventory of resource properties in Québec, Ontario and New Bru nswick; commodities of interest include

gold, base metals, chromium, titanium, iron and silica. The company also continues to evolve into a holder

of shares in partner companies together with royalties. The Company is a reporting issuer in British

Columbia, Ontario and Québec and its common shares are listed for trading on the TSX Venture Exchange

under the symbol FNC.

For further information, please contact

Peter H. Smith PhD., P.Eng. – President 1-514-481-3172

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.