Foran Completes Winter Exploration Program

Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") has
completed the previously announced winter exploration program (the "Program") on
its McIlvenna Bay and Bigstone properties in east-central Saskatchewan.
Exploration activities included initial diamond drilling on Target A, as well as
geophysical surveys on both the McIlvenna Bay and Bigstone properties.


Patrick Soares, President and CEO of Foran commented "In the recently completed
Program we conducted an initial drill test of Target A. The single hole
completed to a depth sufficient to reach the principal conductor appears to have
hit a late, potentially crosscutting intrusive unit at our target depth. The
results of surface and borehole geophysics continue to point to a strong
conductor in this area of similar character and size to that associated with our
large McIlvenna Bay deposit". Mr. Soares continued "Although we are disappointed
that our initial test did not intersect massive sulphides, Target A remains a
high-priority target for further drill testing."


McIlvenna Bay Property

On the McIlvenna Bay property the Program included large loop time-domain
electromagnetic ("TDEM") surveying in advance of drilling two diamond drill
holes. Borehole electromagnetic ("EM") surveys were also conducted to track the
EM response downhole. 


Both drill holes were collared from a common platform and designed to test
Target A, a group of conductors located approximately 2 kilometres ("km")
southeast of the McIlvenna Bay deposit (the "Deposit"). As discussed in the
Foran news release dated October 31, 2013, Target A was identified by a regional
scale TDEM survey in 2013. Target A has a similar geophysical response to the
Deposit, and at 1.6 km in length, is similar in size. 


The first hole was abandoned at 211 metres ("m") due to excessive flattening.
The second hole was drilled to a depth of 1,683 m and encountered geology
consistent with the hangingwall stratigraphy above the McIlvenna Bay deposit,
including several key marker units. A felsic fragmental with chlorite-pyrrhotite
and a quartz feldspar porphyry ("QFP") body were encountered at the targeted
depth of the main conductor. The QFP unit is interpreted to have cut the
volcanics and displaced the conductive source at this location. Minor base metal
sulphides were observed in hole MR-14-08; however no significant assay values
were returned. 


Preliminary modelling of the borehole EM survey data indicates a strong off-hole
conductor below the trace of the drill hole at approximately 1,200 m downhole.
This is interpreted to be the source of the principal Target A conductor. 


A total of 17.1 line km of detailed large loop TDEM surveying at 100 m line
spacing was conducted over Target A using an HT Squid B-field sensor. Data from
this survey was interpreted on site to refine targets in advance of drilling.
Borehole EM surveys were conducted with a DigiAtlantis B-field probe at
intermediate to final depths on drill hole MR-14-08 to track the EM response
downhole. Borehole EM surveying indicates a strong off-hole EM conductor at a
downhole depth of approximately 1,200 m with exceptional late-time decay
characteristics. This decay profile suggests a source other than graphitic
zones, which give early to mid-time EM responses. The final interpretation of
this data is in progress, but it is clear that the source of the strong
conductor associated with the Target A anomaly remains unexplained and
additional drilling to identify the source is warranted.


Table 1. Target A Drillhole data



----------------------------------------------------------------------------
                              Elevation          Azimuth          Dip  Depth
Hole #    Easting   Northing        (m)    UTM (degrees)    (degrees)    (m)
----------------------------------------------------------------------------
MR-14-07  643,594  6,055,490        336            204.8          -70    211
----------------------------------------------------------------------------
MR-14-08  643,594  6,055,490        336            204.8          -77  1,683
----------------------------------------------------------------------------
Total Meterage                                                         1,894
----------------------------------------------------------------------------



Bigstone Property

Foran's Bigstone property, located 10 km west of the McIlvenna Bay property,
contains several occurrences of volcanogenic massive sulphide ("VMS")
mineralization associated with extensive zinc-rich felsic volcanic stratigraphy.
In 1990, past operators estimated an historic mineral resource for the Bigstone
deposit of 3.75 million tonnes grading 2.03% Cu and 0.33 g/t Au using a 1.0% Cu
cut-off(1).


On the Bigstone property the Program included 45 line km of TDEM surveying over
and along strike from the historic resource using an HT Squid B-field sensor.
Preliminary interpretation of the survey results indicate the historic resource
is effectively defined by the TDEM. Detailed modeling of the survey data will be
conducted to delineate targets for drill testing.


(1) Foran is not treating the historic estimate as current; a Qualified Person
within the meaning of National Instrument 43-101 has not completed sufficient
work to classify the historic estimate as current; additional work, including
re-surveying, re-logging and drill core QA/QC would be required to verify and
upgrade the historic estimate to current. For additional information see the
Foran news release dated Feb. 18, 2014.


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 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 or 13.19% zinc 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 or 13.52% zinc 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. 


As at December 31, 2013 Foran had a treasury of $4.3 million in cash and cash
equivalents. Subsequently, on February 11, 2014, the Company announced the
closing of a non-brokered flow-through financing for proceeds of $1.2M.


David Fleming, VP 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


Foran Mining Corporation
Fiona Childe
VP, Corporate Development
416-363-9229
[e-mail]
www.foranmining.com