Fancamp Exploration — Board/Management Information 2020

Oct 20, 2020

MATERIAL CHANGE REPORT FORM 51-102F3

Item 1 Name and Address of Issuer

Fancamp Exploration Ltd. (“ Fancamp ” or the “ Corporation ”) 7290 Gray Avenue Burnaby, British Colombia V5J 3Z2

Item 2 Date of Material Change

October 14, 2020

Item 3 News Release

The news release relating to the material change was disseminated on October 15, 2020 through GlobeNewswire and was subsequently filed on the System for Electronic Document Analysis and Retrieval (SEDAR).

Item 4 Summary of Material Change

The Corporation announced that Mr. Rajesh Sharma has been appointed director of the Corporation.

Item 5 Full Description of Material Change

Mr. Rajesh Sharma has been appointed director of the Corporation. Concurrently to his appointment, Mr. Sharma has been granted a total of 1,000,000 stock options pursuant to the Corporation’s stock option plan. The stock options are exercisable within 5 years from the date of grant at an exercise price of $0.08 per share.

Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

The name and business telephone number of the officer of the Company who can answer questions regarding this material change report is as follows:

Debra Chapman, CFO of Fancamp. Tel: 604.434.8829

Item 9 Date of Report

October 20, 2020.

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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

October 15, 2020 TSX-V Trading Symbol: FNC

Fancamp Announces the Appointment of a New Director

Fancamp Exploration Ltd. (“ Fancamp ” or the “ Corporation ”) (TSX VENTURE: FNC) announces that Mr. Rajesh Sharma has been appointed director of the Corporation.

Concurrently to his appointment, Mr. Sharma has been granted a total of 1,000,000 stock options pursuant to the Corporation’s stock option plan. The stock options are exercisable within 5 years from the date of grant at an exercise of $0.08 per share.

About Fancamp Exploration Limited (TSXV: FNC)

Fancamp is a public Corporation using a value added strategy based on the acquisition of potentially valuable assets, adding value through the selection process itself and subsequent development work, self-financed or otherwise, followed by disposition, proceeds from which, are used to finance the same process multiple times. The Corporation has an inventory of resource properties in Quebec, Ontario and New Brunswick; commodities of interest include gold, rare earth elements, strategic metals, base metals, chromium, titanium, iron and silica. In addition, the Corporation has begun to build on the industrial possibilities inherent in dealing with some of these materials. The Corporation is a reporting issuer in the provinces of British Columbia, Alberta, Ontario and Quebec and its common shares are listed for trading on the TSX Venture Exchange under the symbol FNC.

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