Fancamp Exploration Ltd provide the first assay results from the Company drill program on the 100% owned and previously undrilled Lac Lamelee South Project which is located about 15 kilometers west of ArcelorMittal Fire Lake Mine.

The three holes reported cover some 300 metres strike length on the west end of the 2.4 kilometers long Lamelee Ridge underlain by the hematite/magnetite iron formation.

The iron formation in this zone has a 60 degree NW dip which to judge from the gravity and magnetic surveys, appears to flatten with depth. The intersections cited approximate the thickness of the iron formation in this zone. Drill hole LS-2011-02 intersected 61.4 metres grading 30.3% Total Iron drill hole LS-2011-03 intersected 53.3 metres grading 29.4% FeT, and drill hole LS-2011-04 intersected 59.2 metres grading 31.9% FeT.

Eastwards from The Tanguay Zone structures become very complex; dips are near vertical and the iron formation is repeated due to tight folding. A down-hole iron formation intersection at mid Ridge remained in iron formation from collar to 351 metres down-hole and was stopped in iron formation due to technical difficulties. The quality of this intersection is visually directly comparable to that seen in The Tanguay Zone.

Drilling continues along the entire 2.4 kilometres strike length of the Lamelee Ridge with the intent of producing a NI-43-101 inferred resource; sixteen holes have been drilled to date and the program is scheduled for completion at the end of October for an estimated total of 6000 metres assay results are pending.

It is the Company's intention to further develop this project with its enormous potential, in conjunction with its ongoing 17.5% participation in the Champion Minerals Fire Lake North project in the same district, itself on the verge of a major feasibility study.

The technical portion of the news release was prepared by the Company QP Mike Flanagan, P.Geo.