Fancamp Exploration Ltd. – McFAULDS LAKE UPDATE

Fancamp Exploration Ltd. (TSX Venture Exchange - FNC): The Company wishes to report it is carrying out linecutting (at 50m line spacing) on the original 200m grid, to be followed by a gravity survey. This work is scheduled to be completed by year end. Preliminary results from the detailed helicopter time domain EM and magnetic survey will be available by mid-December, which, together with the ground survey results, will permit the optimum selection of drill targets.

Drilling is planned for the February/March period of 2008.