Fancamp Announces Completion of Second Tranche of Private Placement

Fancamp Exploration Ltd. ("Fancamp" or the "Company") (TSX VENTURE:FNC) is
pleased to announce that it has completed a second tranche of its non-brokered
private placement publicly announced via press release on August 14, 2013 (the
"Private Placement"), raising gross proceeds of C$50,000 (the "Second Tranche").
Secutor Capital Management Corporation acted as the lead finder in connection
with the Second Tranche. 


Mr. Jean Lafleur, M.Sc., P.Geo., President and CEO of Fancamp stated, "The
aggregate proceeds raised from the offering will be used primarily for the
continued advancement of the Company's Quebec based projects which will help in
the sustained organic growth of the Company and quality asset acquisitions in
the Fermont-Schefferville Iron Camps, eventually leading to an increase in our
valuation in respect to the current trading price well below our liquidity
position." 


Pursuant to the Second Tranche, Fancamp issued C$50,000 of units (the "Units")
of the Company at a price of C$0.05 per Unit. Each Unit consists of one (1)
common share and one (1) common share purchase warrant (a "Warrant") of Fancamp.
Each Warrant entitles the holder thereof, during a period of (18) months from
the date of closing of the Second Tranche, to purchase one (1) additional
Fancamp common share at an exercise price of C$0.10. 


A finder's fee equal to 7% of the gross proceeds of the Second Tranche was paid
to Secutor Capital Management Corporation. The Company also issued 70,000
finder's warrants (the "Finder's Warrants") representing 7% of the total
securities sold pursuant to the Second Tranche. Each Finder's Warrant entitles
the holder thereof to purchase one common share of the Company at a price of
C$0.06 per common share for a period of eighteen (18) months following the
closing date of the Second Tranche. 


The securities issued under the Second Tranche are subject to a 4-month hold
period ending December 24, 2013.


About Fancamp Exploration Ltd (www.fancampexplorationltd.ca) 

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. 


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.  


FOR FURTHER INFORMATION PLEASE CONTACT: 
Fancamp Exploration Ltd.
Jean Lafleur, M. Sc., P. Geo.,
President and CEO, Director
+1 514 975 3633
pjlexpl@videotron.ca


Fancamp Exploration Ltd.
Michael D'Amico
Investor Relations
+1 647 500 6023
michaeldamico@rogers.com
www.fancampexplorationltd.ca


Aberdeen Gould Advisory Services Ltd.
Roger Rosmus
Business Development
+1 416 488 2887 x222
roger@aberdeengould.com

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