HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: FN-10-19

If Fancamp has indeed started drilling an extention to hole 10-19 last week as indicated in this NR, they could be at the 1000 meter mark. They had already drilled to 729 meters previously in this target hole. An indication of mineralization would also help boost neighbouring Noront.

Fancamp to Resume drilling

Oct. 5, 2010 (Marketwire) --

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/05/10 -- Fancamp Exploration Ltd. (TSX VENTURE: FNC): The Company is pleased to announce that drilling will resume on its McFauld's Lake Property in mid-October with the intention of demonstrating that the Eagle One mineralized system is an extension of that to be found at depth on the Company's C-1 target. An initial 3000 metres is planned, beginning with deepening of Hole FN-10-19 on the C-1 target. This near vertical hole, some 120 metres south of the Noront boundary, was drilled to a depth of 729 metres, and due to technical difficulties was tested by downhole geophysics only to a depth of 669 metres. Further downhole geophysics will evaluate the strong evidence of the beginnings of a large off hole conductor at this point and provide the Company with an indication of potential mineralization. An additional deep hole is planned in this vicinity as follow up.

This drill programme is designed to test the working hypothesis that Eagle One is a faulted offset of C-1 in a left lateral displacement sense along major NW trending faults, and that the fragmentary high grade intersections seen in Holes FN-08-02 and FN-08-10 are, in this context, fault slivers of the Eagle One mineralization itself. (The original drill log of FN-08-02 describes the massive sulphide intersection as occurring "within a fault zone".)

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