Fancamp Exploration Ltd. ("Fancamp" or the "Company") (TSX VENTURE:FNC) wishes
to announce the signing of a Letter of Intent (the "LOI") to option up to 70% of
its wholly owned Beauce Gold Project (the "BGP") to Bowmore Exploration Ltd.
("BOW") (TSX VENTURE:BOW). The BGP is located in Quebec's Appalachian region,
some 80 km southeast of Quebec City and 90 km northeast of BOW's St-Victor gold
project. The LOI requires that a formal Option Agreement (the "Agreement") is to
be signed on or before December 11, 2013.


The Agreement would permit BOW (the Operator) to acquire an initial 51% direct
interest in BGP by making C$800,000 in cash payments, issuing 1.5 million common
shares of Bowmore to Fancamp, and incurring C$3.75 million in exploration work
expenditures over 4 years, distributed as follows:




----------------------------------------------------------------------------
                                                            Work       Share
Anniversaries                         Cash Payment   Commitments   Issuances
----------------------------------------------------------------------------
Upon signature of formal agreement(i)     C$25,000           n/a         n/a
----------------------------------------------------------------------------
After 12 months or 1 Year                 C$50,000     C$400,000     250,000
----------------------------------------------------------------------------
After 18 Months or 1.5 Years              C$25,000           n/a         n/a
----------------------------------------------------------------------------
After 24 months or 2 Years               C$100,000     C$750,000     250,000
----------------------------------------------------------------------------
After 36 months or 3 Years               C$200,000   C$1,100,000     500,000
----------------------------------------------------------------------------
After 48 months or 4 Years               C$400,000   C$1,500,000     500,000
----------------------------------------------------------------------------
Total                                    C$800,000   C$3,750,000   1,500,000
----------------------------------------------------------------------------
(i) Committed expenditure                                                   



In the event that BOW completes its requirements under the first option, BOW
will have a second option (the "Second Option") to increase its ownership
interest in the BGP during the 3 years after the exercise of the first option of
either (1) from 51% to 70% by solely financing a bankable feasibility study in
the BP, or (2) up to an additional 19% ownership interest by solely assuming C$
5 million in additional exploration expenditures and making C$ 2 million in cash
payments. In the event that Fancamp becomes diluted to less than a 10% interest
in the BGP, the remaining 10% will be converted to a 1.5% NSR of which 1% may be
acquired by BOW for a cash payment of $1 million.


Mr. Jean Lafleur, M.Sc., P.Geo., President and CEO of Fancamp stated, "The sale
of the Beauce Gold Project follows our strategic plan established in 2012
monetizing on our divestiture of the Company's prospective assets to quality
partners, as we did in 2013 with the pending sale of our Lac Lamelee South Iron
project to Gimus Resources and the sale of our remaining interest in our Koper
Lake Nickel-Copper-Chromite-PGE's-Gold project to Bold Ventures, and in 2012
with the sale of our 17.5% interest in Champion Iron Mines. Funds raised via the
sale of our assets will help in the sustained organic growth of the Company and
quality asset acquisitions, eventually leading to an increase in our valuation
with respect to the current trading price well below our liquidity position."


About Fancamp Exploration Ltd (www.fancampexplorationltd.ca)

Fancamp Exploration Ltd. is a Canadian junior mineral exploration company that
continues to evolve into a holder of shares in partner companies and royalties
on near-term producing mines. These assets are designed to generate free cash
flow without further shareholder dilution. Fancamp has an exceptional inventory
of resource projects at various stages of development covering more than 1,710
km2 in three provinces. The commodities include hematite-magnetite iron
formations, titaniferous magnetite, hematite, nickel/copper/PGM, chromite,
Volcanogenic Massive Sulphides and gold.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.


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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Fancamp Exploration Ltd.
Jean Lafleur, M. Sc., P. Geo.
President and CEO, Director
+1 514 975 3633
pjlexpl@videotron.ca


Fancamp Exploration Ltd.
Michael D'Amico
Investor Relations
+1 647 500 6023
michaeldamico@rogers.com


Aberdeen Gould Advisory Services Ltd.
Roger Rosmus
Business Development
+1 416 488 2887 x222
roger@aberdeengould.com