FOM Foran Mining Corporation

Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased
to announce the completion of a summer exploration program (the "Program") on
the Company's landholdings surrounding its 100% owned McIlvenna Bay Deposit
("McIlvenna Bay" or the "Deposit"). The Program focused on geological mapping
and the collection of surface and drill core samples for lithogeochemical
analysis targeting the Hanson Lake area to the north of the Deposit, as well as
the collection of drill core samples south of the Deposit in the vicinity of the
Thunder Zone. The Thunder Zone is a recent high-grade copper discovery, where
drilling by Foran in early 2013 returned 4.1% Cu over 3.7m, including 10.6% Cu
over 1.1m (see the Foran news release dated April 8, 2013).


The objective of the Program is to aid in target generation for the discovery of
additional volcanogenic massive sulphide ("VMS") deposits in Foran's
landholdings. Numerous VMS showings and occurrences, as well as a small,
high-grade past producing mine are known within 10 kilometres of the Deposit.
Several of these zones of VMS mineralization are hosted within similar
stratigraphy to the Deposit. However, direct correlation is hampered by the lack
of continuous outcrop exposure, deformation, and presence of younger intrusive
rocks. Future exploration will be aided through obtaining a better understanding
of the location of stratigraphy with potential to host VMS mineralization,
identification of related hydrothermal alteration and characterization of the
nature and intensity of the hydrothermal alteration. Approximately 300 surface
and 200 drill core samples were collected for lithogeochemical analysis during
the Program in conjunction with a M.Sc. thesis. 


The results of the Program will be interpreted in combination with various
geophysical surveys conducted on Foran's landholdings. This includes a
ground-based, deep-penetrating time-domain electromagnetic ("DEEP-EM")
geophysical survey conducted in spring 2013, the final results of which are
expected to be received by the Company in the coming weeks.


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 Project is located
in east central Saskatchewan, 65 kilometres west of Flin Flon, Manitoba and
contains McIlvenna Bay, one of the largest undeveloped VMS deposits in Canada. 


On March 27, 2013, Foran announced an increased mineral resource estimate for
McIlvenna Bay, with indicated resources of 13.9 million tonnes grading 1.96%
copper 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 (1.32% Cu, 2.97%
Zn, 0.43 g/t Au, 17 g/t Ag). For additional information on McIlvenna Bay, 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. Roger March, VP Project
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 June 30, 2013, the Company had a total of $5.2 million in cash, cash
equivalents and short-term investments.


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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Forward Looking Statements

This news release contains forward-looking statements. These statements are
based on information currently available to the Company and the Company provides
no assurance that actual results will meet management's expectations.
Forward-looking statements include estimates and statements that describe the
Company's future plans, objectives or goals, including words to the effect that
the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the Company's
mineral properties, and the Company's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Foran Mining Corporation
Patrick Soares
President & CEO
409 Granville Street, Suite 904
Vancouver, BC, Canada, V6C 1T2


Foran Mining Corporation
Fiona Childe, VP, Corporate Development
120 Adelaide Street West, Suite 2500
Toronto, ON, Canada, M5H 1T1
416-847-7310
ir@foranmining.com

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