Fancamp Closes Final Tranche of Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2011) - Fancamp Exploration Ltd. (TSX VENTURE: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

S.E.C. Exemption: 12(g)3-2(b)