VANCOUVER, British Columbia, July 09, 2026 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) is pleased to provide shareholders with an update on several significant corporate initiatives that continue to advance its strategy of unlocking shareholder value through the development of two focused companies: a royalty and strategic investment platform through Fancamp, to be renamed as Erda Resource Opportunities Inc. ("Erda") and a dedicated exploration company through Goldera Exploration Ltd. ("Goldera").
The Corporation will hold its annual general and special meeting ("AGM") on July 24, 2026, at 11:00 a.m. Eastern Time. Fancamp continues to advance the previously announced spin-out of its exploration assets into Goldera, which remains on track to finalize a TSX Venture Exchange listing by the end of July 2026, subject to applicable regulatory and exchange approvals.
In support of the proposed spin-out, Goldera is completing a financing that has attracted participation from several notable Fancamp shareholders, including Rick Rule and Ashwath Mehra. Exploration activities have now commenced at both the Egan Gold Project in Ontario and the Acadian Gold Joint Venture in New Brunswick, positioning Goldera with an active portfolio and multiple exploration catalysts as it enters the public markets.
Management believes the proposed separation will create two distinct and complementary investment opportunities, enhancing the visibility of underlying asset value while providing shareholders with exposure to both near-term exploration success and a growing portfolio of royalties, investments, and cash-flow opportunities.
Fancamp is also pleased to announce that the Corporation and its wholly-owned subsidiary Goldera have entered into a settlement agreement (the "Settlement Agreement") with Lode Gold Resources Inc. ("Lode Gold"), Gold Orogen Resources Corp. ("Gold Orogen") and Gold Orogen Exploration Corp. ("Gold Orogen SubCo"), a wholly-owned subsidiary of Gold Orogen.
This Settlement Agreement resolves the litigation initiated by Fancamp by way of a notice of civil claim in the Supreme Court of British Columbia on February 4, 2026 regarding obligations under the August 26, 2024 Investment Agreement governing the advancement of the McIntyre Brook and Riley Brook gold properties in New Brunswick through Acadian Gold Corp. ("Acadian"). The settlement strengthens Goldera's ownership position in Acadian while providing meaningful technical participation in the advancement of the Yukon exploration assets.