Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased
to announce the Company has engaged JDS Energy and Mining Inc. ("JDS") to
conduct engineering studies (the "Studies") at the Company's 100% owned
McIlvenna Bay deposit ("McIlvenna Bay" or the "Deposit"), in east-central
Saskatchewan.


The Studies will include high-level engineering and development plans for the
Deposit and will be based on work by the Company since recommencing exploration
at McIlvenna Bay in 2011. This work includes positive initial metallurgical
testwork announced by Foran on June 20, 2012, an increased mineral resource
estimate as announced by Foran on March 27, 2013, revised geological
interpretation incorporated into the new mineral resource estimate and
geotechnical studies. Key aspects of the Studies will include mine planning and
scheduling, mineral processing and flow-sheet design, and comparative operating
and capital cost analysis of similar scale operations. 


Patrick Soares, President and CEO of Foran, commented: "The Studies undertaken
by Foran are an important step in the advancement of the Deposit and will
provide recommendations for the path going forward at McIlvenna Bay. We
anticipate this work will be completed in the second half of 2013."


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 property is located
in east central Saskatchewan, 65km west of Flin Flon, Manitoba and contains
McIlvenna Bay, one of the largest undeveloped volcanogenic massive sulphide
("VMS") deposits in Canada.


Foran recently 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 inferred resources
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, P.Geo., VP Project Exploration for Foran and a Qualified Person
within the meaning of National Instrument 43-101 has approved the technical
information in this release. 


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

About JDS 

JDS is a British Columbia-based engineering consulting firm focused on
delivering high-quality engineering, construction, procurement and management
solutions on an international scale to the mineral resource sector.


JDS have been involved in projects from the exploration-stage through to mining
in a wide range of commodities globally. Recently, JDS has been involved in
mining and engineering work on a number of VMS deposits, including raise
development, mine engineering and planning at the G9 mine in Mexico for Nyrstar
and mine planning for the Myra Falls Mine in Canada, also for Nyrstar, as well
as feasibility studies for the Tulsequah Chief deposit in Canada for Chieftain
Metals Inc.


Gordon Doerksen, P.Eng., P.E., VP Technical Services with JDS is the Project
Director and Qualified Person within the meaning of National Instrument 43-101
for the Studies.


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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