VMS Vortex Metals Inc

Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") today
announced its financial results for the three month period ended December 31,
2011, which was Foran's first quarter prepared in accordance with International
Financial Reporting Standards ("IFRS"). The Company recorded a net loss of
$677,083 or $0.01 per share (basic and diluted). This compares to a net loss of
$407,283 or $0.01 per share (basic and diluted) for the three months ended
December 31, 2010. 


The unaudited Condensed Consolidated Interim Financial Statements for the three
months ended December 31, 2011, along with Management's Discussion and Analysis,
have been filed on SEDAR and are available at www.sedar.com. 


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 the McIlvenna Bay deposit, a large volcanogenic massive sulphide
("VMS") deposit. 


McIlvenna Bay is one of the largest undeveloped VMS deposits in Canada, with
total indicated resources of over 12 million tonnes ("Mt") and total inferred
resources of almost 10 Mt (12.07Mt of 1.16% Cu, 3.69% Zn and 19 g/t Ag (or 2.50%
CuEq) indicated and 9.57 Mt of 1.07% Cu, 3.86% Zn, and 19 g/t Ag (or 2.42% CuEq)
inferred, where provisions for metallurgical recovery and smelter returns are
included in the copper equivalence estimation). For additional information see
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".

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 laws.

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