Fancamp Announces Adoption of New Shareholders Rights Plan

Fancamp Exploration Ltd. (TSX VENTURE:FNC): The Company announces that its Board
of Directors has approved and adopted a new Shareholders Rights Plan (the
"Plan"). The Plan entitles shareholders to severable rights to purchase
additional shares of the Company upon the occurrence of a take-over bid (i.e.,
an offer to purchase 20% or more of the issued shares, when aggregated with the
offeror's shareholdings), which fails to meet certain conditions. Bids which
meet these conditions ("Permitted Bids") do not trigger the rights to purchase
additional shares. Permitted Bids are offers which meet all of the following
conditions:




1.  The offer is made to all shareholders and includes shares issuable upon
    exercise of share purchase warrants, stock options and other convertible
    securities;
      
2.  The offer must contain an irrevocable and unqualified provision that no
    shares will be taken up or paid for prior to the close of business on a
    date less than 60 days following the date of the Bid, and only if at
    such date more than 50% of the shares held by independent shareholders
    have been deposited or tendered and not withdrawn;
      
3.  The offer must contain an irrevocable and unqualified provision that any
    share deposited may be withdrawn at any time until being taken up and
    paid for; and
      
4.  The offer must contain an irrevocable and unqualified provision that if
    the deposit conditions set out in item 2 above are met, then the offeror
    will make a public announcement of that fact, and the bid will remain
    open for deposits or tenders of additional shares for not less than 10
    business days from the date of the public announcement. 



The Plan is designed to ensure that all shareholders are treated fairly and
equitably in the event of a take-over bid. The Plan was not adopted in response
to any actual or threatened takeover bid or other proposal from a third-party to
acquire control of the Company.


The Plan is subject to the acceptance of regulatory authorities, ratification by
the shareholders of the Company, and the acceptance of the rights agent.


Hiring of Aberdeen Gould Capital Markets Ltd as Corporate Financial Adviser

Aberdeen Gould Capital Markets Ltd. ("AGCM") has been hired for a 12 month
period to act as a consultant and financial adviser in relation to providing
corporate finance and or M&A advisory services in relation to corporate
strategy, potential acquisitions, divestitures, strategic transactions and/or
other financings. For providing the corporate finance services, AGCM will be
paid a monthly work fee of C$6,000.


About Fancamp Exploration Ltd

Fancamp Exploration Ltd is a Canadian junior mineral exploration company with an
exceptional inventory of resource projects at various stages of development
covering more than 1,710 km2 in three provinces. The commodities include
hematite magnetite iron formations, titaniferous magnetite and hematite,
nickel/copper/PGM, chromite, Volcanogenic Massive Sulphides and gold. The
Company is focused on enhancing shareholder value by identifying and acquiring
early-stage projects with excellent mineral potential; advancing them to the
next decision stage with efficient exploration; selling, optioning or joint
venturing them to solid partners for cash and shares of the partnering companies
and inheriting a significant royalty on future production. 


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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Fancamp Exploration Ltd.
Jean Lafleur, M. Sc., P. Geo.
President and CEO
(514) 975-3633
pjlexpl@videotron.ca


Fancamp Exploration Ltd.
Michael D'Amico
Investor Relations
(647) 500-6023
michaeldamico@rogers.com
www.fancampexplorationltd.ca

Fancamp Exploration (TSXV:FNC)
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