Fancamp Announces Completion of Litigation Settlement and Shares For Debt Transaction

VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) announces that further to its news release dated May 9, 2025, the Corporation has completed its previously announced settlement (the “Settlement”) with a former director of the Corporation (the “Former Director”) to resolve the Litigation Proceedings (as defined herein) between the parties. The Settlement was completed in accordance with the terms of the settlement agreement entered into between the Corporation and the Former Director (the “Settlement Agreement”), pursuant to which, among other things, the Corporation has issued to the Former Director 1,428,572 common shares of the Corporation (the “Settlement Shares”) at a deemed price of $0.07 per Settlement Share (the “Shares for Debt Transaction”).

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