Fancamp Exploration Appoints Blake Rhodes to its Board of Directors

Executive Summary

• Fancamp Exploration Ltd. has appointed Mr. Blake Rhodes to its Board of Directors.
• The appointment coincides with the company's ongoing strategic reorganization and the planned spin-out of its exploration assets.
• The Corporation granted 1,000,000 stock options to Mr. Rhodes at an exercise price of $0.14 per share.

Key Details

• Director Appointment: Mr. Blake Rhodes joins the Board; he is a former Senior Vice President at Newmont Corporation with extensive experience in M&A and global mining operations.
• Stock Option Grant:
  • Quantity: 1,000,000 common shares
  • Exercise Price: $0.14 per Common Share
  • Grant Date: May 4, 2026
  • Vesting: Immediately
  • Expiry Date: May 3, 2031
• Strategic Context: The appointment supports the company's transition toward a capital-light business model focused on growth and monetization following the spin-out of exploration assets into Goldera Exploration Ltd.

Notable Quotes

• Mark Billings, Chairman of Fancamp Exploration Ltd.: “Blake’s extensive experience in strategic development, capital allocation, and transaction execution makes him an excellent addition to our Board at this pivotal time. As we execute the spin-out of our exploration assets and transition to a cash generating investment-focused model, his insight and proven portfolio-building expertise will be invaluable in supporting our strategy and long-term shareholder value creation.”
• Blake Rhodes: “Fancamp is at an important inflection point, and I am delighted to join the Board. With significant unrealized intrinsic value and a strong, credible Board and management team, I am excited about the opportunities ahead and look forward to contributing to the creation of long-term shareholder value.”