Fancamp Sells Magpie Property for Shares

Fancamp Exploration Ltd.

February 19, 2008 - 07:30:17 AM

Fancamp Sells Magpie Property for Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2008) - Fancamp

Exploration Ltd. (TSX VENTURE:FNC): The Company wishes to report that it has

entered into an agreement to sell its 50% interest in the Magpie deposit to a

newly formed company, The Magpie Mines Inc., in exchange for 27,460,981 common

shares of The Magpie Mines Inc. The Sheridan Platinum Group will also receive

the same number of shares for their 50% interest. Fancamp and Sheridan will

each retain a 1% NSR in the Magpie deposits.

The Company and The Sheridan Platinum Group acquired their joint interest in

the Magpie property by staking. Fancamp's share of the cost of acquisition for

this property is approximately $15,000.00. Due to the challenges presented by

this type and size of deposit, it was deemed that the most effective way to

proceed would be to sever it from Fancamp and Sheridan's other operations and

to finance the project separately. The Magpie Mines Inc. is a private company

with the intention of going public within the year.

For further information on the Magpie deposit, please refer to the Company's

news release dated October 29, 2007.

ON BEHALF OF THE BOARD

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

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Fancamp Exploration Ltd. Peter H. Smith, Ph.D., P.Eng. President (514)

481-3172

The TSX Venture Exchange has not reviewed and does not accept responsibility

for the adequacy or accuracy of this release.