Fancamp Exploration Ltd.

Fancamp Exploration Ltd.

July 21, 2009 12:08 ET

Fancamp Exploration Announces Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2009) - Fancamp Exploration Ltd. (TSX VENTURE:FNC): Fancamp Exploration Ltd. wishes to announce a best efforts, non-brokered private placement of $1,000,000 through the sale of 1,515,152 units (the "Units") at $0.66 per Unit. Each Unit will consist of one common share and one-half of one common share purchase warrant (the "Warrants"). Each whole Warrant will be exercisable at a price of $0.80 per share for a period of up to 2 years from the closing date, subject to forced acceleration in the event the Company's shares close at a price of $1.00 per share for 30 consecutive trading days after the four month hold expires.

A finder's fee of 5% in cash and 7% in common shares will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies. The proceeds received will be used for general working capital and further work on the Company's exploration properties in Ontario and Quebec. The above is subject to regulatory approval.


Peter H. Smith, Ph.D., 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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