VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2010) - Fancamp Exploration Ltd. (TSX VENTURE:FNC): Fancamp Exploration Ltd. (the "Company") wishes to announce a brokered private placement financing of up to $2,000,000 through the sale of 4,000,000 Units (the "Units") at $0.50 per Unit. Each Unit will consist of one common share, and one-half of one common share purchase warrant (the "Warrants"). Each whole Warrant will be exercisable to acquire one additional 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.

Pope & Company Limited has been engaged by the Company to act as lead underwriter of this financing. Pope & Company Limited will offer a selling group concession subject to allotment, all in accordance with regulatory policies. The proceeds received will be used for work on the Company's exploration properties in Ontario and Quebec and for general working capital. The above is subject to regulatory approval.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President

S.E.C. Exemption: 12(g)3-2(b)

FOR FURTHER INFORMATION PLEASE CONTACT:

Fancamp Exploration Ltd.
Peter H. Smith, PhD., P.Eng.
President
514-481-3172

www.fancampexplorationltd.ca

Pope & Company Limited
James Doyle
Head of International Mining Finance
(416) 593-5546

jd@popecompany.com