Fancamp Acquires Iron Ore Royalty and Provides Corporate Update

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Qualified Person

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François Auclair, PGeo, M.Sc., the Company’s Vice President, Exploration, is a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical content of this news release.

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Quality Assurance and Quality Control

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François Auclair, PGeo, M.Sc., a Qualified Person as defined by National Instrument 43-101, was responsible for the drilling and sampling program, including quality assurance (QA) and quality control (QC).

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Actlabs Laboratories of Ancaster, Ontario, was the primary analytical laboratory for samples collected during both the 2024 and 2025 exploration programs (soil geochemical samples, prospecting, trenching and diamond drilling programs). However, during the 2024 exploration program, the soil geochemical samples were sent to ALS Laboratories of Moncton, New Brunswick, for preparation and analysis.

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Actlabs Laboratories and ALS Laboratories are commercial analytical laboratories accredited to ISO/IEC 17025 standards for specific analytical procedures and both are independent of Fancamp Exploration Ltd. and Goldera Exploration Ltd. Both laboratories operate internal QA/QC programs and participate in external proficiency testing programs to monitor analytical accuracy and precision.

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About Fancamp Exploration Ltd. (TSX-V: FNC)

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Fancamp is a Canadian mineral exploration company focused on creating value through medium-term growth and monetization opportunities with strategic interests in high potential mineral projects, a royalty portfolio, and exploration properties. The Corporation is focused on the advancement of its growing portfolio of mineral claims across Ontario, Québec and New Brunswick, and has diversified exposure to copper, gold, zinc, titanium, chromium, iron, strategic rare-earth metals, among others. The Corporation has monetization opportunities from its transaction with The Canadian Chrome Company Inc. in the highly sought after Ring of Fire in Northern Ontario. The Corporation’s investments include stakes in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., a copper–gold exploration company, PTX Metals Inc. and an investment in a near-term cash flow generating zinc mine in Nova Scotia, EDM Resources Inc., among others. The Corporation’s diverse royalty portfolio includes a future finite production payment on certain Fermont Properties owned by Champion Iron Limited and 2% NSR on Black Horse mining claims in the Ring of Fire. The Corporation holds 96% interests in Magpie Mines Inc., which owns the Magpie property, one of the world’s largest undeveloped hard rock titanium (+V) deposits, per USGS data. The Corporation has newly incorporated a subsidiary, Goldera Exploration Ltd., as part of a strategic reorganization of the Corporation’s assets, pursuant to which it intends to spin out its interests in core exploration projects into Goldera, creating two distinct value-creating entities for its shareholders (see press releases dated December 1, 2025 and February 10, 2026).

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Further information on the Corporation can be found at: www.fancamp.ca

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For Further Information

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Rajesh Sharma, President & CEO 
+1 (604) 434 8829
[email protected]

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Tara Asfour,
Director of Investor Relations
+1 (604) 434 8829
[email protected]

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Cautionary Note Regarding Forward-Looking Statements

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This news release contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward- looking statements in this news release relate to, among other things: the anticipated benefits from the Royalty Acquisition, including the anticipated commencement of production on certain mineral properties subject to the Royalties and the belief that the Royalty Acquisition will enable Fancamp to add to its cash flow in the near term; statements or information with respect to the terms of the Spin-Out; the intention to complete the Spin-Out in Q2 of 2026; the benefits of the Spin-Out; the commencement of a 3,500-metre diamond drilling program at McIntrye Brook and the expected benefits to be derived therefrom; the advancement of exploration programs at the Egan Property, including an airborne geophysics program, a targeted stripping and channel sampling campaign and a soil geochemistry program at the Egan Property and the expected timing of commencement of such exploration programs; and the Corporation’s expectations and strategic plans in relation to the exploration of the Corporation’s mineral properties.