Fancamp Exploration Ltd. Announces Non-Brokered Private

Fancamp Exploration Ltd. Announces Non-Brokered Private
Placement-Option Grant 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/19/12 -- Fancamp
Exploration Ltd. (TSX VENTURE:FNC) ("Fancamp" or the "Issuer") is
pleased to announce that it has entered into an agreement with
Marquest Capital Markets (the "Finder") in connection with a
non-brokered private placement financing of 8,200,200 flow-through
units ("FT Units") at a price of $0.165 per FT Unit for aggregate
gross proceeds of up to $1,353,033 (the "Offering"). 
The Offering is expected to close later this month. The Offering is
subject to certain conditions including, but not limited to, the
receipt of all necessary regulatory approvals. All securities to be
issued under the Offering will be subject to a four-month and a day
statutory hold period in Canada. 
Each FT Unit will consist of one "flow-through share", as defined in
subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"), of
Fancamp and one common share purchase warrant (a "Warrant"). Each
Unit will consist of one common share of Fancamp and one-half of a
Warrant. Each whole Warrant shall entitle the holder thereof to
acquire one additional common share of the Issuer (on a
non-flow-through basis) at a price of $0.25 until the date which is
12 months following the closing of the Offering. 
As compensation for the services provided by the Finder, the Issuer
will pay a cash finder's fee of 6% of the gross proceeds of the
Offering raised by the Finder. 
The Issuer intends to use the proceeds raised from the issuance of
the FT Units to incur additional exploration expenditures on the
Issuer's properties in the province of Quebec. Such exploration
expenditures will constitute "Canadian exploration expenses" and
"flow through mining expenditures", as defined under the Income Tax
Act (Canada), which can be renounced to Canadian purchasers of the FT
Units for the 2012 taxation year. FT Unit investors who are eligible
residents of Quebec will also be entitled to receive Quebec
provincial tax credits for qualified exploration expenditures. 
The Company has also granted incentive stock options to directors for
the purchase of up to 2,250,000 common shares in its capital stock,
at a price of $0.20 per share, exercisable on or before December 17,
2017. The options are granted pursuant to the Company's stock option
plan, under which a maximum of ten percent (10%) of the issued and
outstanding common shares are reserved for issuance. Shares issuable
upon exercise of the incentive stock options are subject to a 4 month
TSX Venture Exchange hold period, commencing on the date the
incentive stock options are granted. 
Fancamp Exploration Ltd. is a Canadian junior mineral exploration
company with an exceptional inventory of resource projects, all in
the exploration stage. In Quebec, there is the South Lamelee Iron
Property resource, close to the operating Arcelor Mittal Fire Lake
Mine and the adjoining Champion Minerals/Fancamp flagship Fire Lake
North Project; as well as the promising Stoke Mountain Phelps Dodge
Copper Zone; and other grass roots projects in the Quebec
Some of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe the
Issuer's future plans, objectives or goals, including words to the
effect that the Issuer or management expects a stated condition or
result to occur. Since forward-looking statements address future
events and conditions, by their very nature, they involve inherent
risks and uncertainties. 
Fancamp Exploration Ltd. 
Peter H. Smith, PhD, P.Eng., Chairman and Director 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Fancamp Exploration Ltd.
Peter H. Smith, PhD, P.Eng.
Chairman and Director
604-433-8823 (FAX)
Press spacebar to pause and continue. Press esc to stop.