Mr. Rajesh Sharma reports

FANCAMP ACQUIRES IRON ORE ROYALTY AND PROVIDES CORPORATE UPDATE

Fancamp Exploration Ltd. has acquired up to 3.0-per-cent net smelter return (NSR) royalties on certain iron ore mineral properties in the Labrador Trough in the Schefferville region, an area with operational mines and supporting infrastructure located in the province of Newfoundland and Labrador, from two arm's-length vendors. Fancamp acquired the royalties from the vendors for total cash consideration of $1,765,000. The most notable mineral property subject to the royalties is an open pit mineable iron ore mineral deposit in Newfoundland and Labrador, situated approximately 25 kilometres northwest of Schefferville, Que.

Spinout transaction

The acquisition of the royalties represents a meaningful development as the corporation continues to advance its royalty and investment strategy seeking high-growth opportunities in parallel to the strategic reorganization of the corporation's assets pursuant to which Fancamp intends to transfer its interests in core exploration projects into its newly incorporated subsidiary, Goldera Exploration Ltd., and spinout the shares of Goldera to the shareholders of Fancamp by way of plan of arrangement pursuant to the Business Corporations Act (British Columbia) (see press releases dated Feb. 10, 2026, and Dec. 1, 2025). The corporation believes that the royalty acquisition will enable Fancamp to add to its cash flow in the near term, in addition to the quarterly interest payments received from The Canadian Chrome Company Inc. $34.5-million secured convertible promissory note held by Fancamp and dividends received from 2.7 million Champion Iron Ltd. shares held by the corporation.

The corporation's planned spinout is expected to be completed in Q2 of 2026, subject to the receipt of all required approvals, including court, shareholder and stock exchange approvals. The purpose of the spinout is to unlock shareholder value by creating two focused, publicly traded companies, while giving existing Fancamp shareholders direct participation in both growth streams and attracting new, targeted capital to Goldera's exploration portfolio that encompasses the Acadian Gold Corp. joint venture entity and the Egan gold mineral project as key discovery drivers.

Acadian holds interests in the McIntyre Brook mineral property (111 square kilometres) and Riley Brook mineral property (334.5 square km), together comprising a 445-square-kilometre consolidated land package under joint venture with Gold Orogen Resources Corp. that represents a significant underexplored position in an emerging gold-copper district (see press releases dated Aug. 27, 2024, and Oct. 9, 2024). Since 2024, systematic exploration including airborne geophysics, soil geochemistry, prospecting, trenching and initial drilling has generated multiple targets across both mineral properties.

McIntyre Brook is bordered by Puma Exploration's Williams Brook project (under option agreement with Kinross Gold), to the south, north and west. Three mineralized trends identified by Puma extend onto, or across, portions of McIntyre Brook. The Lynx gold zone of Puma extends throughout their Cheetah zone and across the northwest part of McIntyre Brook. The Ramsey gold zone of Puma extends northeastward through the Moose Brook prospect area of McIntyre Brook, and possibly six kilometres or more further, through the McIntyre Brook prospect area. The Panthera zone of Puma, defined from soils and rock sampling, extends southward to the northern McIntyre Brook property line. Only a silicified and brecciated felsic horizon at the McIntyre Brook prospect area has been subject to detailed exploration, with prospecting and soil sampling conducted elsewhere.

The felsic horizon hosting gold mineralization at McIntyre Brook currently extends over three km, with widths up to 10 metres, with consistent gold mineralization (Area 2) that presents all the hallmarks of a major gold discovery (see press releases dated Sept. 9, 2025, and Jan. 20, 2025). A limited drilling program of six holes of over 800 metres in December, 2025, allowed to cross reference observations from previous trenching and prospecting work, with best results including four metres at 1.45 grams per tonne Au in drill hole MB25-02. This hole is situated 500 metres west-southwest, on strike, with historical drill hole MB19-04, that intersected 20 metres at 1.2 g/t Au.

Riley Brook, located 30 km south of McIntyre Brook, was staked by Fancamp as part of a regional generative exploration program, and incorporated into the Acadian joint venture. Riley Brook is adjacent to a 1,400-square-kilometre claims package subsequently obtained by Kenorland Minerals Ltd. Geophysical and geochemical surveys have identified a significant Au (gold), W (tungsten), As (arsenic), Sb (antimony) and Cu (copper) in soil anomaly coincident with a conductive EM features and broad radiometric anomalies, over a two km by 1.5 km area at the Craig Mountain area, and a 300-metre-by-300-metre area at the Haystack area (see press releases dated Jan. 20, 2025, and National Instrument 43-101F report the Riley Brook property Northwestern New Brunswick Victoria County with effective date Sept. 3, 2024). The corporation views Riley Brook as one with the potential for an epithermal associated felsic dome and intrusion related gold system, similar to McIntyre Brook.

Work conducted to date by Acadian has identified high-priority, drill-ready targets at McIntyre Brook, to be subsequently explored by Goldera, in a proposed 3,500-metre diamond drilling program to be conducted by Acadian. Building on Acadian's historical data and regional knowledge, these results strengthen confidence and the discovery potential of a major Au-Cu system, enhancing the strategic value of the planned spinout.

Egan property

Fancamp has positioned itself at the forefront of discovery in Ontario's prolific Abitibi greenstone belt through an option agreement with Harfang Exploration Inc. to earn up to an 80-per-cent interest in the Egan gold mineral property, a 12,000-hectare mineral property strategically located between the Timmins and Kirkland Lake gold camps, two of Canada's most productive mining districts (see press release dated Nov. 12, 2025). The Egan property is located 10 kilometres south of the Destor-Porcupine fault, and is easily accessed by forestry road. The Egan property hosts a syenite-associated gold system with demonstrated high-grade surface results in limited recent surface programs, including grab samples up to 105 grams per tonne gold and multiple mineralized zones (E1, E1S, E2, E3) (see press release dated Nov. 12, 2025, Harfang Exploration eebsite and LaSalle Exploration press release dated Aug. 6, 2020). The Egan property represents a largely underexplored asset with strong discovery upside. Goldera, through the Acadian joint venture, intends to advance exploration at the Egan property with a continuing airborne geophysics program, followed by a targeted stripping and channel sampling campaign designed to expand known mineralization at E1, E1S (previously identified from chip sampling) and toward E2. A comprehensive soil geochemistry program is also planned to unify and extend previously successful, but spatially limited, data sets. With drilling anticipated by late Q3 2026, Goldera will be entering a catalyst-rich phase of systematic exploration aimed at rapidly defining high-priority drill targets and unlocking the district-scale potential at the Egan property.

Cautionary statements

Grab samples are selective by nature and may not be representative of mineralized zones. Mineralization occurring at deposits and showings mentioned in this press release is not necessarily indicative of mineralization that may be found on projects held by Fancamp Exploration and mentioned in this press release.

Normal course issuer bid

To date, Fancamp has acquired roughly 2.4 million common shares of the corporation for cancellation pursuant to its previously announced normal course issuer bid (the NCIB) (see press release dated Dec. 9, 2025), representing approximately 1 per cent of the corporation's issued and outstanding common shares. Fancamp's purchasing of common shares under the NCIB represents its conviction that the current price of the corporation's common shares is undervalued based on Fancamp's portfolio of assets and its future prospects, a view further supported by management's value assessment of the corporation's diversified portfolio of resource properties, strategic investments, near cash-flowing royalties and strong treasury position.

Qualified person

Francois Auclair, PGeo, MSc, 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.

Quality assurance and quality control

Francois Auclair, PGeo, MSc, 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).

Actlabs Laboratories of Ancaster, Ont., 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, N.B., for preparation and analysis.

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 and Goldera Exploration Ltd. Both laboratories operate internal QA/QC programs and participate in external proficiency testing programs to monitor analytical accuracy and precision.

About Fancamp Exploration Ltd.

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, Quebec 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 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 Ltd. and 2-per-cent NSR (net smelter return) on Black Horse mining claims in the Ring of Fire. The corporation holds 96-per-cent interests in Magpie Mines Inc., which owns the Magpie property, one of the world's largest undeveloped hard rock titanium (plus 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 Dec. 1, 2025, and Feb. 10, 2026).

We seek Safe Harbor.