Fancamp Exploration Ltd. announce the completion of its spring drilling program at the Stoke Project, situated in the Eastern Townships of Quebec (Figure 1). Notably, this work, representative of over 1,100 metres of drilling, led to the intersection of the widest sulphide mineralization discovered at the project to date, validating the potential the Stoke-Weedon belt provides for the discovery of copper-rich VMS type deposits. Fancamp has drilled a total of 1,119 metres in 3 holes during June, over the Grand Prix and Copper Zone of the Stoke property.

This program aimed to evaluate the down-dip and down-plunge extension of hole ST-2013-06, which had intersected 6.4 metres @ 7.29% Cu and 17.6 g/t Ag and has now defined mineralization to a vertical depth of approximately 250 metres. The results of the H1 2022 drilling program will allow Fancamp to pursue the interpretation of the unique Stoke-Weedon volcano sedimentary VMS rich sequence. In particular, Fancamp will explore the geochemical alteration patterns as well as potential structural trap in the area of Hole STDD 22-05 to determine if a favourable deposition environment could be (re)traced.

The Corporation's next steps involve better defining the gravity anomaly and the down-dip extension of STDD-22-05 to extend the Copper Zone and to concurrently test the Grand Prix area. Fancamp has conducted a VTEM survey on the Grasset Project, a property comprised of 664 mining claims located northwest of Matagami, Québec, along the Detour-Fenelon Gold Trend which covers the northern margin of the Abitibi greenstone belt. Grasset is a highly prospective project of the Corporation, with development plans that include follow-up work on geophysical anomalies highlighted by the VTEM survey.