Fancamp Exploration Ltd.

Fancamp Exploration Ltd.

December 14, 2009 14:22 ET

Fancamp Announces Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2009) - Fancamp Exploration Ltd. (TSX VENTURE:FNC): Fancamp Exploration Ltd. (the "Company") wishes to announce a new financing of $1,793,500 through the sale of 3,587,000 flow-through units (the "FT Units") at $0.50 per FT Unit. Each FT Unit will consist of one flow-through common share, and one-half of one non flow-through share purchase warrant (the "Warrants"). Each whole Warrant will be exercisable to acquire one additional common share at a price of $0.75 per share for two years from the closing date, subject to earlier forced acceleration in the event the Company's shares close at a price of $1.00 per share or more for 30 consecutive trading days.

The Company will pay finder's fees of 10% in cash to certain eligible arm's length finders and 8% in cash and 10% in Finder's Options to other certain eligible arm's length finders, in relation to this financing, all in accordance with regulatory policies.

The flow-through proceeds received will be used for work on the Company's exploration properties in Quebec ($1,090,000) and Ontario ($703,500). The above is subject to regulatory approval.


"Peter H. Smith", PhD., P.Eng., President

S.E.C. Exemption: 12(g)3-2(b)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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