Fancamp Exploration Ltd.

Fancamp Exploration Ltd.

July 14, 2008 10:28 ET

Fancamp Drilling at McFauld's Before Month End

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2008) - Fancamp Exploration Ltd. (TSX VENTURE:FNC): The Company wishes to announce that a drill program is set to begin on its wholly owned McFauld's Lake Property adjoining Noront's Eagle One Discovery in the James Bay region of northern Ontario. A major part of the delay has been the de-bugging of a newly constructed drill designed for helicopter transport.

The initial target is located within the Eagle One peridotite intrusive complex, south of the discovery (Targets 1-3, 1-4, a.k.a C-1, on the attached map). The geophysical description of C-1 is shown on the attached profiles and it will be drilled from the east.

This target expressed in the words of the company's consulting geophysicist (JVX Ltd.) is described as follows; "Response forms suggest a flat lying or flat topped or any irregular conducting mass at depth. The strongest parts of the EM responses suggest a conductor that trends north south, is up to 400 metres long and 100 metres wide. The lack of any HLEM (horizontal loop EM) response means that it probably is at a depth of more than 75m. Modest peak AeroTEM amplitudes suggest a depth of no more than 200 metres, probably less." Figure 4, also attached, shows the results of the ground time domain EM surveys superimposed on the VTEM results. The target has been confirmed by all of the Time Domain EM methods used to date.

A minimum of 1500 metres is planned in this first phase. The balance of the targets on the property, C-2, 3, 4, 5, 6 will be tested in due course.

This news release has been prepared by Peter H. Smith Ph.D., P.Eng., the designated qualified person for the technical information contained herein.


"Peter H. Smith", Ph.D., P.Eng., President

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

To view the maps attached to this release please click the following URL:

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