Fancamp Exploration Ltd. announced the recent acquisition by claim staking of 1,404 claim units in New Brunswick, the Riley Brook property, located approximately 25 kilometers south of Puma Exploration's Williams Brook Project. Riley Brook is located within the highly prospective Appalachian geological province, the location of several recent major gold discoveries such as New Found Gold's Queensway Project. Fancamp's staking of the Riley Brook property, as part of its grassroots generative program, is highly strategic given its jurisdiction within a new prospective area for both copper and gold mineralization over a large area with underexplored potential for gold mineralization associated with an underlying geology of Devonian volcano- sedimentary stack belonging to the Wapske Formation.

The Riley Brook property is located in a recognized mining-friendly jurisdiction with a sizeable land package of approximately 309 km2 situated between the Rocky Brook Millstream Fault and Woodstock-Catamaran Fault. Both are major orogenic structures in the Appalachian region, potentially serving as significant controls for gold deposition and other types of mineralization. Such structures are key to large orogenic gold deposits in the Appalachian, exemplified by New Found Gold's Queensway Project.

Fancamp will initiate an exploration program this year which will aim to better understand the geology and mineralization of the area, as well as define the extent of potential copper-gold mineralization. The Corporation has initiated a soil sampling program, and further work will include rock sampling, stripping and channel sampling on copper-gold mineralized horizons. The soil sampling program will cover three large zones in an area where historical till and stream gold anomalies were delineated by regional reconnaissance work programs from the New Brunswick Government.

The Corporation also intends to carry out a large prospecting program to prioritize exploration work in the vicinity of the most favorable gold-copper zones.