VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/12 -- Fancamp Exploration Ltd. (TSX VENTURE:FNC) wishes to report the start, one week ago, of a 2500 metre reconnaissance drill program, beginning in the upper reaches of the Gilbert River Valley which hosts the historic Beauce placer gold deposits. Mineralized zones have already been encountered and assays are awaited.

A 2000 metre program is scheduled to begin this week on the Company's Desolation Lake Property in the James Bay Lowlands of Northern Ontario. The Desolation Lake target consists of a kilometre scale, strongly conductive magnetic anomaly buried beneath 300-400 metres of Paleozoic limestone. This magnetic target is one of the strongest known in the Lowlands and has never been tested. Possible target types include Ni, Cu, PGM and VMS sulphide bodies.

A similar program is scheduled to commence on the Company's Red Paint Lake Property tying on to Osisko's Hammond Reef Gold Deposit northeast of Atikokan, Ontario. The Red Paint Lake target consists of major shear zones within the Marmion Lake Fault system, offsets of which host the Hammond Reef Gold Deposit some 10 kilometres to the south. Numerous historic gold showings are scattered along the Marmion Lake structures on the Red Paint Lake Property.

ON BEHALF OF THE BOARD

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