In 2007 Fancamp Exploration Ltd and The Sheridan Platinum Group Ltd staked a large group of claims in the Fermont Iron District which were optioned to Champion Minerals Inc. (CHM). Champion earned a 65% interest in the properties in mid 2010 and offered a buyout to Fancamp and Sheridan which was accepted by the latter.

Fancamp now holds a 17.5% working interest in the Fermont Holdings which comprise seventeen properties,
three of which - Fire Lake North, Bellechasse and Harvey-Tuttle - host combined NI 43-101 compliant Measured and Indicated Mineral Resources estimated at 400 Million Tonnes grading 30.6% FeT and an Inferred Mineral Resource estimate of 1.82 Billion Tonnes grading 25.4% FeT, at a 15% FeT cut-off.(1) Seven of the remaining fourteen properties contain combined historical Mineral Resource estimates (non NI 43-101 compliant)(2) totalling 620 Million Tonnes grading 31% FeT.

(1) The current Mineral Resource estimates were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005.

(2) All historical Mineral Resource estimates outlined in this disclosure are non-compliant to NI 43-101 Mineral Resources and Mineral Reserves standards, and should therefore not be relied upon. A Qualified Person has not done sufficient work to upgrade or classify these Historical Mineral Resources as current NI 43-101 compliant Mineral resources.Fancamp and Champion Minerals Inc. (CHM.V) entered into a joint venture covering seventeen properties in the Fermont Iron District of Quebec in 2007. Fancamp has a 17.5% working interest in the properties, with an underlying 1.5% NSR of which 0.5% can be bought back for 1.5M.

For more information on the seventeen properties please visit championminerals.com