Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased
to announce that it has reached an agreement (the "Agreement") with Thundermin
Resources Inc. ("Thundermin") to purchase the net profits interest ("NPI") that
Thundermin has on certain of the Company's exploration properties in
Saskatchewan and Manitoba. In consideration for the NPI, Foran will pay C$50,000
in cash and issue 100,000 common shares of the Company to Thundermin. The
Agreement is subject to approval by the TSX Venture Exchange. Resale
restrictions and hold periods may be placed on the Foran shares issued in this
transaction by the TSX Venture Exchange.


Details concerning the royalty agreements on Foran's properties may be found in
the Management Discussion and Analysis for the twelve month period ended
September 30, 2013 at www.sedar.com.


Mr. Roger March, P. Geo., Vice President Project Exploration for Foran is the
Qualified Person for technical information contained in this news release.


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 volcanogenic massive
sulphide ("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.


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 laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Foran Mining Corporation
Patrick Soares
President & CEO
416-847-7310
409 Granville Street, Suite 904
Vancouver, BC, Canada, V6C 1T2


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


Foran Mining Corporation
416-847-7310
ir@foranmining.com
www.foranmining.com
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vortex Metals Charts.
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vortex Metals Charts.