Fancamp Exploration Ltd.


August 19, 2016 13:00 ET

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 19, 2016) – Fancamp Exploration Ltd. (“Fancamp“) (TSX VENTURE:FNC) announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify recent disclosures.

The Company would like to advise that the mineral resources disclosed on the Lac Lamelee Property in its June 29, 2016 news release are not supported by a compliant technical report and are no longer current. The mineral resources should not be relied upon until they can be supported by a compliant technical report.

In the Company’s August 15th 2016 news release, the shorthand reference to the chromite resource should properly read; an inferred NI 43-101 mineral resource of 85.9 Mt. at 34.5% Cr2O3 in a report by Alan Aubut,P.Geo. of Sibley Basin Group,dated December 15th 2015 for KWG Resources Inc. and Fancamp Exploration Ltd., and filed on Sedar.

The qualified person approving this technical information is Peter H. Smith,PhD,P.Eng.

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.