Fancamp Closes Flow-Through Financing With MineralFields Group; Further Drilling Planned at McFauld's Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2009) - Fancamp 
Exploration Ltd. (TSX VENTURE:FNC): Fancamp Exploration Ltd. (the 
"Company") wishes to announce the closing of a non-brokered private 
placement of $1,500,000 through the sale of 3,000,000 flow-through units 
(the "FT Units") at $0.50 per FT Unit to MineralFields Group. Each FT Unit 
consists of one flow-through common share, and one-half of one non 
flow-through share purchase warrant (the "Warrants"). Each whole Warrant is 
exercisable into one common share at a price of $0.75 per share for two 
years from the closing date, subject to earlier forced acceleration in the 
event the Company's shares close at a price of $1.00 per share or more for 
30 consecutive trading days after the four month hold expires. The 
flow-through shares are subject to a four month hold period expiring March 
7, 2010. Finder's fees have been paid to Pope & Company Limited and Limited 
Market Dealer Inc.

The funds will be used to further test the known C1 and C6 nickel/PGM 
targets at McFauld's Lake. Drilling will be preceded by downhole 
directional surveys and geophysics on previous holes, where possible. The 
C1 target is, of course, of particular interest as it is part of the Eagle 
1 Intrusive Complex and exhibits evidence of similar massive sulphide 
mineralization.

About MineralFields, Pathway and First Canadian Securities(R)

MineralFields Group (a division of Pathway Asset Management), based in 
Toronto, Vancouver and Calgary, is a mining fund with significant assets 
under administration that offers its tax-advantaged super flow-through 
limited partnerships to investors throughout Canada as well as hard-dollar 
resource limited partnerships to investors throughout the world. Pathway 
Asset Management also specializes in the manufacturing and distribution of 
structured products and mutual funds (including the Pathway Multi Series 
Funds Inc. corporate-class mutual fund series). Information about 
MineralFields Group is available at www.mineralfields.com. First Canadian 
Securities(R) is active in leading resource financings (both flow-through 
and hard dollar PIPE financings) on competitive, effective and 
service-friendly terms, and offers investment banking, mergers and 
acquisitions, and mining industry consulting, services to resource 
companies. MineralFields and Pathway have financed several hundred mining 
and oil and gas exploration companies