Fancamp Announces Resignation of Director

VANCOUVER, British Columbia, May 14, 2024 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) announces the resignation of Mr. Greg Ferron as Director of the Corporation, effective immediately. Mr. Ferron has held this position on the Board of Directors since 2021. The Board of Directors and management of Fancamp thank Mr. Ferron for his years of service, and the Corporation was fortunate to have benefited from Mr. Ferron’s years of mining industry and capital markets expertise.

“We would like to thank Mr. Ferron for his exceptional service on our Board. The Corporation has benefitted greatly from his contributions, dedication, and strategic leadership,” added Mr. Mark Billings, Chairman of the Board of Fancamp.

The Corporation wishes him well in his other endeavours and will continue working with Mr. Ferron as we jointly advance the Shining Tree Joint Venture in South Timmins with PTX Metals Inc., of which Mr. Ferron is the President and CEO.

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 and Québec, Canada; including copper, gold, zinc, titanium, chromium, strategic rare-earth metals and others. The Company 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 elements company, NeoTerrex Corporation, in addition to an investment in a zinc mine planned to be restarted 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.