Fancamp Exploration Ltd. announced the signing of an option to acquire, with a 50% partner, 100% of a potentially significant uranium discovery located some 70 kilometres north of Godbout on Quebec's North Shore. The property, which is accessible by lumber roads, consists of 48, 52 hectare claim units, and has, for the past two years been the site of a limited grass roots programme carried out by a previous optioner, including an airborne mag/radiometric survey. The uranium mineralization is associated with pegmatite dykes cutting granitic gneisses. Historic assays of this material included values up to 0.82% U308, with U/Th ratios almost uniformally in the 4-6 range. The mineralized dykes have strong airborne radiometric signatures, which are generally coincident with a distinct NW magnetic trend and form a corridor at least six kilometres long and varying from 1-2 km wide. Field work in 2007 and 2008 was confined to the SE two thirds of this corridor. The new discovery is located in the NW third, more than a kilometre from any previous work and was uncovered in the summer of 2009 by the prospector-vendors. The nature of the discovery is very high cps counts (in the 15,000-59,000 range-orders of magnitude greater than any previously seen) over a concentrated area of about one kilometre square.

Fancamp Exploration Ltd. announced unaudited consolidated earnings results for the first quarter ended July 31, 2009. For the period, the company reported revenues of CAD 38,981 against CAD 35,370 a year ago. Net income before other income (expenses) and income taxes was CAD 10,784 against net loss before other income (expenses) and income taxes CAD 1,292,287 a year ago. Net income was CAD 548 against net loss of CAD 1,294,587 a year ago. Net cash flows used in operating activities were CAD 42,057 against net cash flows from operating activities of CAD 264,735 a year ago. Mineral property acquisitions were amounted to CAD 53,100 against CAD 37,818 a year ago. Mineral exploration expenditures were amounted to CAD 102,467 against CAD 437,515 a year ago.

Champion Minerals Inc. announced that the company has executed a definitive option and joint venture agreement with Fancamp Exploration Ltd. and Sheridan Platinum Group Ltd. in connection with 15 properties optioned pursuant to the Binding Option Agreement between the Vendors and the company dated May 21, 2008, and the optioning of the Penguin Lake Iron Property and right of first refusal on the Lamellee Lake Iron Property, as announced by the company on May 13, 2009. The terms of the Agreement were detailed in the company's press releases dated May 13, 2009 and May 27, 2008.