Early Warning Reporting – Acquisition of Shares of NeoTerrex Minerals Inc.

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VANCOUVER, British Columbia, Dec. 28, 2023 (GLOBE NEWSWIRE) — Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) is pleased to announce that on December 21, 2023, in connection with the closing of the three-cornered amalgamation between Neoterrex Corporation (“NeoTerrex Corp.”), Spitfyre Capital Inc. and 15363497 Canada Inc. (the “Amalgamation”), it acquired 11,799,000 common shares in the capital of NeoTerrex Minerals Inc. (“NeoTerrex”), the entity resulting from the Amalgamation. The shares acquired by Fancamp represent approximately 15% of the issued and outstanding shares of NeoTerrex immediately following the closing of the Amalgamation, and were issued by NeoTerrex to Fancamp in exchange of the common shares held by Fancamp in the capital of NeoTerrex Corp. Similarly, as a result of the Amalgamation, Fancamp holds an aggregate of 1,433,500 share purchase warrants of NeoTerrex, each warrant entitling Fancamp to acquire one (1) additional common share in the capital of NeoTerrex at a price of $0.40 per common share for a period of 24 months following the date of issuance (expiry December 21, 2025).