About Foran Mining

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties in Saskatchewan and Manitoba, Canada. Saskatchewan Properties As of December 31, 2016, the company had five properties in Saskatchewan consisted of a total of 53 claims for 43,178 hectares (ha), located between 15 and 90 kiolometers (km) west of Flin Flon, Manitoba. The four westernmost properties are higher priority, consisting of the McIlvenna Bay Property which contains the McIlvenna Bay Deposit, two properties contiguous to the McIlvenna Bay Property (Hanson and Balsam) and one non-contiguous property (Bigstone), all of which occur at the western limit of the Flin Flon Greenstone Belt. Mcilvenna Bay Property The company has a 100% interest in the McIlvenna Bay Property in east central Saskatchewan. The McIlvenna Bay Property consists of 30 claims covering a total of 20,382 ha. The McIlvenna Bay Deposit is located on the McIlvenna Bay Property. Bigstone The company has a 100% interest in the Bigstone Property, which is comprised of 13 claims totalling 16,117 ha oriented north-south to cover approximately 20km of prospective volcanic stratigraphy. Balsam The company has a 100% interest in the Balsam Property, which consists of seven claims totalling 4,066 ha contiguous with the McIlvenna Bay and Hanson Properties. Hanson The company has a 100% interest in the Hanson Property, which consisted of two claims totaling 2,565 ha contiguous with the McIlvenna Bay Property to the north and west and the Balsam Property to the east. Sam The company had a 100% interest in the Sam Property, which was comprised of two contiguous claims totalling 379 ha, located 12km west of Flin Flon. Comeback Bay The Comeback Bay Property consists of one claim totalling 48 ha which is located 15km southwest of Flin Flon. The Comeback Bay claim is subject to a joint venture agreement in which the Company owns a 65% interest and Coronation Mines Ltd. (a subsidiary of Cobalt Solutions Inc.) owns the remaining 35%. Reed Lake The company has a 100% interest in the Reed Lake Property, which consists of a single claim totaling 195 ha located 105km east of Flin Flon. History Foran Mining Corporation was founded in 1989.