Fancamp Update

Fancamp Exploration Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2017) - Fancamp Exploration Ltd. (TSX VENTURE:FNC): The Company is pleased to report the signing of an agreement between itself and Polycor Inc. of Quebec City, to evaluate the commercial potential of the quartz veins on its Lac Portage Property near Lac-Mégantic, Quebec. Geophysical work to test depth extensions of the vein system is to begin immediately, and if successful will be followed by bulk sampling and drilling. Polycor and Fancamp have successfully negotiated the sharing of exploration expenditures and royalty payments in favour of Fancamp should the tests result in production opportunities. The market for quartz, both for decorative and technical use, is growing rapidly and the Lac Portage Property is one of eleven such properties currently held by Fancamp in southern Quebec.