Fancamp Exploration Ltd. ("Fancamp" or the "Company") (TSX VENTURE:FNC) is very
pleased to announce its unreserved support as shareholder of Champion Iron Mines
Limited for the Champion/Mamba plan of arrangement scheduled to be voted on
March 27th in Toronto. This imaginative solution will, in the Company's opinion,
hasten and make more certain the eventual development of these multi billion
tonne iron ore deposits. Fancamp has, besides, its substantial share position in
Champion, a 1.5% NSR on Champion's Fermont Iron Holdings.


The Company also wishes to report that, Mr. Jean Lafleur is no longer President
and CEO of the Company which post is assumed by Peter H. Smith as interim
President and CEO. It should also be noted that Mr. Guy Girard is no longer a
Vice President of the Company. Company policy has not changed; the monetization
of assets such as the recent Lamelee Iron spin out will continue in a deliberate
fashion. Mineral exploration will continue on a modest scale taking advantage of
opportunities as they may arise.


About Fancamp Exploration Ltd (www.fancampexplorationltd.ca) 

Fancamp Exploration Ltd. is a Canadian junior mineral exploration company that
continues to evolve into a holder of shares in partner companies and royalties
on near-term producing mines. These assets are designed to generate free cash
flow without further shareholder dilution. Fancamp has an exceptional inventory
of resource projects at various stages of development covering more than 1,710
km2 in three provinces. The commodities include hematite-magnetite iron
formations, titaniferous magnetite, hematite, nickel/copper/PGM, chromite,
Volcanogenic Massive Sulphides and gold. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release. 


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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Fancamp Exploration Ltd.
Michael D'Amico
Investor Relations
+1 647 500 6023
michaeldamico@rogers.com
www.fancampexplorationltd.ca
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