VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) -

The Company wishes to announce that it is granting director and officer incentive stock options to purchase up to a total of 1,525,000 common shares in its capital stock, at a price of $1.90 per share, exercisable on or before October 30, 2012. The options were granted pursuant to the Company's incentive stock option plan, under which a maximum of 10 percent 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.

The closing price of the Company's shares on October 29, 2007 was $1.90.

The above is subject to acceptance by the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Peter H. Smith, Ph.D., P.Eng., President