Fancamp Exploration Ltd.

Fancamp Exploration Ltd.

March 31, 2010 14:34 ET

Fancamp Exploration Ltd.: Drilling to Start at McFaulds Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2010) - Fancamp Exploration Ltd. (TSX VENTURE:FNC): The Company wishes to announce the start of a 3000 metre plus drill programme on its 100% owned McFauld's Property. Initial targets include the shallow mineralization encountered in holes FN-08-02 and FN-08-10. (3.52% Ni/0.9m; 2.4% Ni/1.2m) at a vertical depth of 45 metres (geophysical evidence suggests this shallow mineralization may extend southward as much as 125 metres), together with the deepening of FN-08-03 to access the prospective eastern contact of the C-1 peridotite intrusive and the granodiorite basement at about the minus 500 metre level. Similar deepening of drill hole FN-08-07 on the C-6 target is also planned, with follow up downhole Crone geophysics as a guide to deeper conductive targets.

Drilling is also planned on the major gravity anomaly immediately south of the C-5 target which is believed to be an offset extension of the Big Daddy and Black Thor chromite deposits immediately to the east.


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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