GMR

Fancamp Exploration Ltd. ("Fancamp" or the "Company") (TSX VENTURE:FNC) has
summarized its milestone highlights to date for 2013. Fancamp 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 will continue to focus on:



--  exploration activities through the acquisition and pre-development of
    key mineral exploration projects to enhance value, 
    
--  accretive divestiture opportunities of projects for the further
    development by strategic partners leading to the next generation of
    mines, 
    
--  opportunities to generate cash through the royalties held on producing
    properties and the sale of shares in partner companies, and 
    
--  when appropriate, distribute cash and/or share dividends to the
    shareholders. 



Mr. Jean Lafleur, M.Sc., P. Geo., President and CEO of Fancamp stated "Over the
last year, Fancamp has executed on its business plan and has become less reliant
on new share treasury issuances to finance its activities and growth. This trend
will provide greater stability and the opportunity to enhance long-term
shareholder value. We have also divested a number of our projects to experienced
and well-funded partners, who we believe can and will advance these projects
towards development and production. 


Mr. Lafleur also adds "The Company wishes to thank shareholders for their
continuing support in these difficult times." 


Key Company Highlights from 2013

On January 14, 2013, Fancamp announced the extension of an Earn-In Option
Agreement with Bold to earn up to a 100% working interest in the Koper Lake
Project ("Koper"). The Inferred Mineral Resources are 46.5 million tonnes
grading 38.8% dichromium trioxide ("Cr2O3") at a 20% cut-off Cr2O3 (as reported
by KWG Resources Inc., on September 9, 2013). If Bold fulfills all its
requirements, the deal will generate $16.5 million in cash, and a Gross Metal
Royalty ("GMR") on the project. The GMR entitles Fancamp to 2% (which may be
scaled up to a maximum of 4% under certain circumstances) of the total revenue
from the sale of all metals and mineral products from Koper. Please refer the
news release dated January 14, 2013 for further details.


On July 18, 2013, Fancamp announced the sale of 3 million shares of Argex
Titanium Inc. (TSX VENTURE:RGX) for gross proceeds of C$2.1 million to cover the
Company's working capital and exploration expenses. The Company still owns 6
million shares, with a market value of approximately $6.2 million. Please refer
to the news release dated July 18, 2013 for further details. 


This was followed on August 14 and August 23, 2013, by two non-brokered private
placements raising gross proceeds of C$950,000. Please refer to the news
releases dated August 14 and 23, 2013 for further details.


Fancamp delivered on its promise of December 2012 to monetize its liquid assets
with the sale of the Argex shares. The proceeds from the sale of shares and
private placements were used to sustain the organic growth of the Company, to
also include quality asset acquisitions in the Fermont-Schefferville Iron Camps,
whereby increasing our valuation in respect to the current trading price well
below our liquidity position. 


On September 4, 2013, Fancamp announced its 46.7% owned subsidiary, The Magpie
Mines Inc., received positive updates on metallurgical test work for its Magpie
Iron-Titanium-Vanadium-Chromium Project ("Magpie"), from SGS Lakefield (Ontario)
and Sichuan Non-Ferrous Metallurgical Institute of China. Their work resulted in
substantially increasing the TiO2-grade to approximately 98%, resulting in
meeting the specifications for marketable synthetic rutile products. In addition
a three-stage grinding/magnetic separation produced Fe-concentrate with a grade
of 55% Fe and recovery rate of 89.5%. Based on the observations of other V-Ti
magnetite deposits in China, Fe-concentrate product with a grade above 54% Fe is
acceptable. The economics of the Magpie project have been improved
significantly. Further test work will be done to recover the Vanadium and Chrome
in the pig iron, and fine-tune the TiO2 beneficiation test results. Please refer
to the news release dated September 4, 2013 for further details.


Magpie hosts NI 43-101 Indicated Mineral Resources of 635.2 million tonnes
grading 42.495 FeT (60.78% Fe2O3), 11.20% TiO2, 0.30% V2O5 and 2.61% Cr2O3 with
additional Inferred Mineral Resources of 293.2 million tonnes of 42.29% FeT
(60.49% Fe2O3), 11.21% TiO2, 0.32% V2O5 and 2.54% Cr2O3(i), both based on a 15%
FeT cut-off grade (refer to the news release dated April 18, 2012). 


On September 11, 2013, Fancamp announced changes to the Board of Directors
requiring shareholder approval at the Annual and Special Meeting. The revised
Board of Directors slate consists of returning Directors Mel De Quadros, Gilles
Dubuc, Paul Ankcorn, Peter H. Smith and Jean Lafleur. The two new candidates are
Mr. Ashwath Mehra and Mr. Ali A. Al Hazeem. Please refer to the news release
dated September 11, 2013 for further details.


On September 16, 2013, Fancamp, Champion Iron Mines Ltd., and Gimus Resources
Inc. ("Gimus"), announced the signing an agreement to develop Fancamp's Lac
Lamelee South Iron Project ("Lamelee") in the Fermont Mining District of
northeastern Quebec. At a 22% Fe2O3 cut-off grade, Lamelee hosts 520 million
tonnes grading 39.5% Fe2O3 (or 27.6% FeT) in Inferred Mineral Resources(i). The
proposed reverse takeover transaction that will give Fancamp a majority control
position of Gimus is subject to the TSX Venture Exchange and Gimus shareholders
approvals. 


Gimus proposes to quickly embark on further drilling to define the highest
quality mineral resources at Lamelee and plans to advance the project towards
feasibility in 2014, ultimately following the same path as other iron deposits
in the Fermont-Wabush-Labrador City region. Fancamp would be in a position to
take full advantage of Lamelee's upside as the company's largest shareholder
assuming the completion of the contemplated transaction. Please refer to the
news release dated September 16, 2013 for further details. 


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. 


(i) The Mineral Resource estimates follow the Canadian Institute of Mining,
Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves,
Definitions and Guidelines prepared by the CIM Standing Committee on Reserve
Definitions. The quantity and grade of estimated Inferred Resource reported
herein are uncertain and there has been insufficient exploration to categorize
them as an Indicated or Measured Resource. It is uncertain if further
exploration will result in reclassification of Inferred Mineral Resources to the
Indicated or Measured Mineral Resource categories. 


The technical information in the news release was prepared by Jean Lafleur, M.
Sc., P. Geo., Fancamp's President and CEO, a Qualified Person under NI 43-101. 


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.
Jean Lafleur, M. Sc., P. Geo.
President and CEO, Director
+1 514 975 3633
pjlexpl@videotron.ca


Fancamp Exploration Ltd.
Michael D'Amico
Investor Relations
+1 647 500 6023
michaeldamico@rogers.com


Aberdeen Gould Advisory Services Ltd.
Roger Rosmus
Business Development
+1 416 488 2887 x222
roger@aberdeengould.com
www.fancampexplorationltd.ca

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