Fancamp Closes Final Tranche of Brokered Financing

FANCAMP EXPLORATION LTD.

7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2 Telephone: 604-434-8829 Facsimile: 604-434-8823 Web site: www.fancampexplorationltd.ca

NEWS RELEASE

FANCAMP CLOSES FINAL TRANCHE OF BROKERED FINANCING

March 28, 2011 TSX Trading Symbol: FNC S.E.C. Exemption: 12(g)3-2(b)

Fancamp Exploration Ltd. (TSX Venture Exchange - FNC) (the “Company”) is pleased to announce the completion of the final tranche of the previously announced brokered private placement (the “Offering”) with Industrial Alliance Securities Inc. and Secutor Capital Management Corporation (collectively, the “Agents”). A total of $334,931 was raised through the sale of 418,664 common shares (the “Flow-Through Shares”) at a price of $0.80 per Flow- Through Share, issued as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada).

The funds raised from the sale of Flow-Through Shares will be used for exploration of the Company’s Quebec properties.

All securities issued under this closing bear resale restrictions until July 26, 2011.

ON BEHALF OF THE BOARD

“Peter H. Smith”, PhD., P.Eng., President

For further corporate information, contact: Peter H. Smith, PhD., P.Eng., President, at 514-481-3172 or Michael D’Amico, Bay Street Connect Investor Relations at 647-500-6023

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