FOM Foran Mining Corporation

Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased
to announce it has negotiated a non-brokered private placement (the "Placement")
of up to 6,000,000 units of the Company (the "Units") at a price of $0.20 for
aggregate gross proceeds of up to $1,200,000. Each Unit shall consist of one
common share of the Company (a "Common Share") issued on a flow-through basis in
connection with which Foran will incur and renounce Canadian exploration
expenses, and one-half of one Common Share purchase warrant (each whole warrant,
a "Warrant"). Each whole Warrant shall be exercisable for one Common Share at a
price of $0.30 per Common Share for 18 months from the date of closing of the
Placement.


Closing of the Placement is anticipated to occur on or about February 12, 2014,
subject to receipt of all required regulatory approvals, including TSX Venture
Exchange approval. All securities issued in the Placement will be subject to a
four month hold period from the date of closing of the Placement. Finder's fees
will be payable in connection with the Placement, in accordance with the
policies of the TSX Venture Exchange. 


The proceeds of the Placement will be used for exploration on the Company's
landholdings in east-central Saskatchewan surrounding its 100% owned McIlvenna
Bay Deposit. 


As at September 30, 2013, the Company had a treasury of $4.6 million in cash and
cash equivalents.


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 volcanogenic massive sulphide ("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 (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, 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.


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

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
409 Granville Street, Suite 904
Vancouver, BC, Canada, V6C 1T2


Foran Mining Corporation
Fiona Childe
VP, Corporate Development
416-363-9229
120 Adelaide Street West, Suite 2500
Toronto, ON, Canada, M5H 1T1


Foran Mining Corporation
416-363-9229
ir@foranmining.com
www.foranmining.com

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