Fancamp Exploration Ltd.

Return of the Lac Lamelee South Iron Property - Seite 2

Fancamp has received conditional approval of the TSX Venture Exchange (the "TSXV") in connection with the transaction, which is subject to receipt of regulatory approvals, including the final approval of the TSXV.

Mr. Peter H. Smith, PhD, P. Eng., President of Fancamp, stated, "Profound changes in the iron ore markets subsequent to the original spin out of the Lamêlée South iron property rendered the new vehicle, Lamêlée Iron Ore Ltd., at the end of the day, unfinanceable. The return of the property to Fancamp's 100% ownership and cancellation of the 43 million share payment is a fair and equitable solution for the Company and Lamêlée shareholders, who can still realize value from their original investment. In the meantime, the high quality and centrally located Lamêlée South Deposit, (NI43-101 report of May, 2013 describing a resource of 520 million tonnes grading 39.5% Fe₂O₃ (27.6% FeT) at a cut-off grade of 22% Fe₂O₃.) will remain in inventory pending recovery of iron ore markets."

About Fancamp Exploration Ltd (www.fancampexplorationltd.ca)

Fancamp Exploration Ltd. is a Canadian junior mineral exploration company with an exceptional inventory of properties and related assets. Company policy over the years has been, and continues to be, to reduce risk by bringing in participating partners through sales or options. The resulting shares, cash payments and royalties have enabled the generation of income to continue the process and take advantage of opportunity.

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.

Fancamp Exploration Ltd.
Peter H. Smith
President, CEO and Chairman
[phone]
[e-mail]
www.fancampexplorationltd.ca