Fancamp Exploration Ltd. provided an update on its data compilation and target generation for its Clinton VMS (volcanogenic massive sulphide) exploration project. The Clinton copper zinc massive sulphide project was the site of mining at shallow depth between 1973 to 1975 and has been the site of multiple exploration programs over the past 75 years, including airborne geophysics and drilling (predominantly to less than 250 meters vertical). Complex post ­ mineralization deformation and the lack of prior data compilation and integration has hindered exploration on the property.

Fancamp has retained the services of Mira Geoscience Ltd. ("Mira") to conduct compilation, modelling and exploration targeting over its Clinton and other properties using the latest tools including using a combination of domain expertise modelling and artificial intelligence ("AI"). This newly completed data compilation and geological modeling exercise has identified the presence of two potential exhalative units bounding the Cu-Zn-precious metals mineralized horizon, which also correspond to several interpreted VTEM plate anomalies. The identification of a favorable geologic horizon marker, together with an understanding of the folding and faulting on the property, will greatly aid drill targeting for this program.

In the northern part of the property, one of the VTEM conductive plates appears to have not been drill tested, although significant copper values were recorded in a series of drill holes situated about 200 meters to the south. To test this hypothesis, a 2,500 meters drilling program is scheduled to start in First Quarter 2022. Fancamp believes the use of Mira's technology and innovative AI methodology will help decipher the large amounts of data available in public filing and company records.

Mira's technology is being used for other targeted properties such as Harvey Hill and Stoke in the Eastern Townships of Québec.