EM

Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased
to announce it has commenced a winter exploration program on its McIlvenna Bay
and Bigstone properties in east-central Saskatchewan. Exploration activities
will include diamond drilling on Target A, a recently identified high-priority
geophysical target on the McIlvenna Bay property, as well as geophysical surveys
on both the McIlvenna Bay and Bigstone properties.


Patrick Soares, President and CEO of Foran commented, "In 2013 Foran identified
Target A, a large geophysical anomaly with strong similarities to the signature
of our McIlvenna Bay deposit. We are looking forward to conducting an initial
drill test of this high-priority target." 


McIlvenna Bay Property

Work on the McIlvenna Bay property in the winter program will focus on Target A,
a group of conductors located approximately 1.5 kilometres ("km") southeast of
the McIlvenna Bay deposit (the "Deposit"). As discussed in the Foran news
release dated October 31, 2013, Target A was identified by a deep-penetrating
time-domain electromagnetic ("DEEP-EM") geophysical survey, is similar in size,
orientation and character to McIlvenna Bay, and has not been previously drill
tested.


The main conductor within Target A appears to occur at the same stratigraphic
horizon as the Deposit, with a similar orientation. Geophysical modelling
suggests the target is a series of sub-parallel plates that define multiple
conductor trends. The upper edges of these plates are estimated to lie
approximately 300 to 800m below surface, with the down-dip extent of individual
plates exceeding 600m.


Approximately 15 line km of detailed large loop time-domain electromagnetics
("EM") will be conducted directly over Target A to determine the optimum depth
and orientation for drilling. Following completion of the geophysical survey,
Foran plans to conduct 1,500 to 2,000 metres ("m") of diamond drilling in two to
three drill holes. Results of the drilling will be released once assay results
have been received.


Bigstone Property

Foran's Bigstone property, located 10 km west of the McIlvenna Bay property,
contains several occurrences of volcanogenic massive sulphide ("VMS")
mineralization associated with extensive zinc-rich felsic volcanic stratigraphy.
Significant potential for discovery of economic base metal deposits at Bigstone
is highlighted by copper-rich stockwork and copper- and/or zinc-rich VMS
mineralization at the historic Bigstone deposit. In 1990, past operators
estimated an historic mineral resource for the Bigstone deposit of 3.75 million
tonnes grading 2.03% Cu and 0.33 g/t Au using a 1.0% Cu cut-off1. A sensitivity
analysis was also completed at that time using cut-off grades from 1.0% to 2.5%
Cu which is presented in the table below. 




Bigstone deposit historic resource estimate sensitivity analysis1           
                                                                            
----------------------------------------------------------------------------
                                                  Cu      Zn      Au      Ag
Cu Cut-off (%Cu)                     Tonnage     (%)     (%)   (g/t)   (g/t)
----------------------------------------------------------------------------
1.0                                3,747,500    2.03    0.14    0.33     9.3
1.5                                3,136,600    2.26    0.15    0.36     9.9
2.0                                1,983,600    2.57    0.17    0.48    11.3
2.5                                1,199,300    3.11    0.20    0.61    13.5
----------------------------------------------------------------------------



1 Foran is not treating the historic estimate as current; a Qualified Person
within the meaning of National Instrument 43-101 has not completed sufficient
work to classify the historic estimate as current; additional work, including
re-surveying, re-logging and drill core QA/QC would be required to verify and
upgrade the historic estimate to current.


Work on the Bigstone property in the winter program will consist of
approximately 45 line km of large loop time-domain EM. Detailed surveying will
be conducted over the historic mineral resource and regional-scale surveying
will be conducted along strike.


EM surveying has proven to be highly effective in the discovery of buried VMS
deposits in the region and worldwide, with technical advancements and
optimization contributing to better depth penetration and resolution. The
objective of the current survey on the Bigstone property is to better resolve
the nature and extent of the conductors associated with the copper-rich historic
Bigstone resource, as well as identify other conductors in the area.


About Foran Mining

Foran is a diversified exploration and development company with projects in the
Flin Flon Mining Belt. The Company's flagship McIlvenna Bay Deposit, located in
east-central Saskatchewan, 65 kilometres west of Flin Flon, Manitoba, is one of
the largest undeveloped VMS deposits in Canada.


On March 27, 2013, Foran announced an increased mineral resource estimate for
the McIlvenna Bay Deposit, with indicated resources of 13.9 million tonnes
grading 1.96% copper equivalent or 13.19% zinc equivalent (1.28% Cu, 2.67% Zn,
0.49 g/t Au, 17 g/t Ag) and an inferred resource of 11.3 million tonnes grading
2.01% copper equivalent or 13.52% zinc equivalent (1.32% Cu, 2.97% Zn, 0.43 g/t
Au, 17 g/t Ag). For additional information, see the Foran news release dated
March 27, 2013 or the report entitled "Technical Report on the McIlvenna Bay
Project, Saskatchewan, Canada" dated December 9, 2011 at www.sedar.com or
www.foranmining.com. David Fleming, VP Exploration for Foran and a Qualified
Person within the meaning of National Instrument 43-101, has reviewed and
approved the technical information in this release.


As at September 30, 2013 Foran had a treasury of $4.6 million in cash and cash
equivalents. Subsequently, on February 11, 2014, the Company announced the
closing of a non-brokered flow-through financing for proceeds of $1.2M.


Foran trades on the TSX.V under the symbol "FOM".

To view Figure 1, "DEEP-EM conductor response relief map for Target A and the
McIlvenna Bay deposit, looking east. Data is gridded mid- to late-time EM
channel 20 - component X utilizing a compressed linear colour scale.; drill hole
traces shown in black," please visit the following link:
http://media3.marketwire.com/docs/FOMFig1.pdf. 


Neither the TSX-V nor its Regulation Services Provider (as that term is defined
in the policies of the TSX-V) accepts responsibility for the adequacy of this
release. No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. 


Forward-Looking Statements

This news release contains forward-looking information which is not comprised of
historical facts. Forward-looking information involves risks, uncertainties and
other factors that could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this news release
includes, but is not limited to, Foran's objectives, goals or future plans,
statements regarding the estimation of mineral resources, exploration results,
potential mineralization, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such forward-looking
information include, but are not limited to, failure to convert estimated
mineral resources to reserves, capital and operating costs varying significantly
from estimates, the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental, environmental or other
project approvals, political risks, uncertainties relating to the availability
and costs of financing needed in the future, changes in equity markets,
inflation, changes in exchange rates, fluctuations in commodity prices, delays
in the development of projects and the other risks involved in the mineral
exploration and development industry, and those risks set out in Foran's public
documents filed on SEDAR. Although Foran believes that the assumptions and
factors used in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such information, which
only applies as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed time frames or at all. Foran
disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise,
other than as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Foran Mining Corporation
Patrick Soares
President & CEO
416-363-9229


Foran Mining Corporation
Fiona Childe
VP, Corporate Development
416-363-9229
ir@foranmining.com
www.foranmining.com

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