\nFancamp Exploration Ltd. (\u201cFancamp\u201d or the \u201cCorporation\u201d) (TSX Venture Exchange: FNC) is pleased to provide updates on its exploration projects.\n<\/p>\n
\nAs discussed on the January 19, 2021 and March 4, 2021 investor calls, the new management team of the Corporation recently completed a strategic review of its properties to reprioritize the project pipeline and develop its resource base through a systematic and efficient approach to exploration, in a clear contrast to the unfocused approach by former president and CEO, Mr. Peter H. Smith. The strategic review process faced delays and difficulties as Mr. Smith withheld technical information belonging to the Corporation.\n<\/p>\n
\nWhile conducting the strategic review, the new management team discovered that Mr. Smith failed to keep the Board of Directors and the market informed of the results of the Corporation\u2019s previous exploration programs, raising further questions about his business judgment, adherence to his fiduciary duty, and his commitment to act in the best interest of Fancamp\u2019s shareholders.\n<\/p>\n
\nMr. Smith is a disgruntled director, who recently had his consulting agreement terminated for cause<\/a><\/b><\/span>, and has initiated an unnecessary, costly and time-consuming challenge to the Corporation\u2019s proposed acquisition of ScoZinc Mining Ltd. at a time when Fancamp\u2019s future is bright and the Corporation is finally set to deliver significant value to shareholders.\n<\/p>\n \nIn line with industry best practices, the Corporation is pleased to share the following information:\n<\/p>\n Harvey Hill<\/b><\/p>\n \nThe best intercepts from the 66-hole Harvey Hill 2019 program were 1.77% Cu over 9 meters (drill hole HH19-26) and 0.66% over 11 meters (drill hole HH19-05). The best intercept from the 15-hole 2020 program was 0.97% over 2 meters (drill hole HH20-01). A summary of key intercepts is found in Table 1, and drill hole location information is provided in Table 2 (see appendix).\n<\/p>\n \nThe Corporation\u2019s Harvey Hill project is a past producing, precious metal bearing copper project in the Appalachian region of eastern Quebec. In 2019 and 2020, the Corporation completed 81 drill holes in two campaigns, targeting three near surface mineralized lenses. The mineralized lenses are interpreted as vertically stacked, flat to shallow-dipping zones, extending over more than 425 meters of strike in an east-northeast direction. The zones are interpreted to average two to three meters in thicknesses. Further description of the Harvey Hill project and its past production can be found on the Corporation\u2019s at Harvey Hills Project (fancamp.ca)<\/a>. More detailed interpretation of this data is planned for later in 2021.\n<\/p>\n Table 1<\/i>.
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Previously unreported drill results for the Harvey Hill project, composite intervals greater than 0.3% Cu<\/i>.\n<\/p>\n