Fancamp Increases Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2011) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) (the "Company") has increased the size of the previously announced brokered private placement (the "Offering") with Industrial Alliance Securities Inc. and Secutor Capital Management Corporation (collectively, the "Agents"). A total of $9,721,250 will be raised through the sale of 1,465,667 units (the "Units"), at a price of $0.75 per Unit and 10,777,500 common shares (the "Flow-Through Shares"), each being issued as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada), at a price of $0.80 per Flow-Through Share.

Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company at a price of $0.90 per common share for a period of 24 months following the date of closing of the Offering, subject to earlier forced acceleration in the event the Company's common shares close at a price of $1.75 per share or more on the TSX Venture Exchange for 20 consecutive trading days after the expiry of a four month hold period.

The funds raised from the sale of Flow-Through Shares will be used for exploration of the Company's Quebec properties. The funds raised from the sale of Units will be used for exploration of the Company's Quebec and Ontario properties and for general working capital.

The Company will pay the Agents an aggregate cash commission equal to 5% of the gross proceeds raised in respect of the Offering and issue to the Agents an aggregate number of non-transferrable compensation options to acquire that number of common shares that is equal to 6% of the total number of Units sold, exercisable at a price of $0.75 per share and $0.80 per share for the number of Flow-Through Shares sold, for a period of 24 months following the date of closing of the Offering.

The Offering is being made by the Agents on a commercially reasonable efforts basis and is expected to close March 21, 2011. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. All securities to be issued under the Offering will be subject to a four-month statutory hold period in Canada.

ON BEHALF OF THE BOARD

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

S.E.C. Exemption: 12(g)3-2(b)