Fancamp Exploration Ltd. announced that its shareholders have voted in favor of the management nominees to the board of directors of the company, namely Paul Ankcorn, Debra Chapman, Gilles Dubuc, Fouad Kamaleddine, Jean Lafleur, Mel de Quadros, Michael Sayer and Peter Smith. The vote took place at the annual and special meeting of shareholders held in Toronto on October 26, 2012. The company also announced the immediate appointment of Mr. Jean Lafleur, M. Sc., P. Geo., to the position of President and Chief Executive Officer, of Dr. Fouad Kamaleddine to the position of Vice President of Research and Development and of Mr. Sebastien Vezina to the position of Corporate Secretary.

Mr. Lafleur has more than 30 years of experience in various capacities within the mineral exploration field, both in Canada and internationally, with a wide range of companies, such as Newmont Mining Corporation, Falconbridge Ltd. and Placer Dome Inc.Mr. Lafleur is currently a mineral exploration and management consultant. He is currently a member of the board of directors of Champion Iron Mines Limited, Gimus Resources Inc., and Guinea Iron Ore Limited. Mr. Peter Smith has agreed to assume the role of Chairman of the Board and Vice President Exploration of Fancamp effective immediately.

Dr. Kamaleddine has acted as a director of many private and public junior mining companies, and has extensive experience in metallurgical techniques, particular with respect to the iron, titanium, and vanadium ores. Mr. Vezina is a partner at Lavery, de Billy, L.L.P. and is a member of the Quebec Bar and Canadian Bar Association. He replaces Debra Chapman which will continue to assume the role of Chief Financial Officer.