Key Company Highlights

 Recent federal funding grant of $3.9 M toward construction of a demonstration plant to advance the commercialization and licensing of the Company’s proprietary “Magpie Process” for the separation of high grade Ti02 from slags, tailings and titaniferous iron ores. The Magpie Mines Inc. controlled by Fancamp will remain an essential unit of the company with the potential to produce dividends.

 Recent Ontario government decision to build road access to the Ring of Fire District in Northern Ontario with aboriginal approval, a significant step in the eventual exploitation of the Company’s high grade Black Horse chromite discovery, under option to Bold Ventures and KWG Resources.

Significant advances in the Company’s 100% owned South Lamelee iron ore resource. The Company also holds other important positions in the Fermont iron ore sector, particularly royalty and equity interests in Champion Iron Mines Ltd., which is moving ahead with Quebec Government support to consolidate and improve the productivity of the District’s iron ore deposits - at what is probably the bottom of the market. Currently production is anticipated from the Company’s Lac Bloom Deposit in the first quarter of 2018. Serious turnaround in iron ore fortunes will have a very large leverage effect on these operations.

 The pending spin-out of Beauce Gold Fields from HPQ Silicon Resources; the original Beauce Gold Fields property was purchased by HPQ from Fancamp for 8M shares and 8M warrants followed by a 3.5% gross metal royalty on production from the historic Beauce placer deposits and possible bedrock sources.

 Recent acquisitions, through staking, a number of high grade silica deposits in southern Quebec of current interest to a number of major operators.  Current grassroots exploration activities and staking in New Brunswick (Cu and VMS), Gaspé (Zn) and Abitibi (Au).

The Magpie Mines Inc. The Company, now a subsidiary of Fancamp Exploration Ltd., has been awarded $3.9 million in funding from the Sustainable Development Technology Canada (SDTC), part of the process of financing a pilot plant necessary for the commercialization of its proprietary Magpie Process, a low cost and low emission method of separating high purity TiO2 from titaniferous iron ores. The project entails designing, procuring, and operating a demonstration plant based on the Magpie Process and will be located in Quebec City. Magpie has formed a consortium that will provide necessary support in the project development. Consortium members include (i) Impact Global Solutions (IGS) to support in managing technology development to commercialization, (ii) COREM to support in designing, building, and operating the demo plant, and (iii) two Quebec-based mining companies, Mine Arnaud and Arianne Phosphate, for technical support and to provide feeds in the form of tailings, ilmenite concentrate, and/or slags for demo testing. The interest of a number of industrial users is considerable and of course essential to the ultimate success of such a plant. (See news release dated July 28, 2017 for further information.)