Mr. Dan Myerson reports

FORAN ACHIEVES MAJOR MILESTONE WITH ENERGIZATION OF MCILVENNA BAY TRANSMISSION LINE

Foran Mining Corp. has successfully energized the dedicated power transmission line connecting the company's 100-per-cent-owned McIlvenna Bay project in Saskatchewan to the electrical grid near Saskatchewan Power Corp.'s (SaskPower) Island Falls hydroelectric generating station. The newly energized line was completed ahead of schedule and on budget, representing a significant infrastructure milestone for the McIlvenna Bay project and providing secure, reliable and sustainable power to support the operation as the company continues commissioning.

Key highlights:

• Major infrastructure milestone achieved with the successful energization of Foran's dedicated 85-kilometre, 110-kilovolt transmission line connecting the McIlvenna Bay project to SaskPower's electrical grid at the Island Falls hydroelectric facility;
• Provides secure, reliable and sustainable power to McIlvenna Bay, supporting commissioning of the processing plant, underground operations and site infrastructure as the project advances toward production;
• Constructed in partnership with SaskPower, Saskatchewan's provincial electric utility and a key infrastructure partner for the project;
• Designed with additional line load capacity, supporting potential future mine expansions and broader development across the company's district.

Dan Myerson, executive chairman and chief executive officer of Foran, commented: "Energizing the McIlvenna Bay transmission line ahead of schedule and on budget is another major step forward as we continue growing what we believe will become one of Canada's most important new copper mining districts. At a time when global geopolitical instability and rising fuel prices are creating increasing uncertainties, having direct access to stable, renewable power is a strategic advantage. It reinforces our vision of building a modern, resilient mining operation that is both economically competitive and aligned with the global transition to electrification. This milestone not only strengthens the long-term foundation for McIlvenna Bay, but it also positions Foran to deliver the critical metals that the world needs to target a low-carbon footprint for generations to come."

"Reliable and affordable power is essential for growing Saskatchewan communities and industries," said Jeremy Harrison, minister responsible for SaskPower. "The energization of the new McIlvenna Bay transmission line is a major infrastructure milestone that strengthens reliability in Northern Saskatchewan and supports long-term economic growth. Congratulations to Foran and everyone involved in delivering this project, which underscores the importance of strong partnerships in enabling large-scale industrial development across the province and especially the north."

Qualified person

Samuele Renelli, PEng, vice-president, technical services, for Foran, is the qualified person for all technical information in this news release and has reviewed, verified and approved the technical information in this news release.

About Foran Mining Corp.

Foran Mining is a near-term critical minerals producer, committed to supporting a greener future and empowering communities while creating value for the company's stakeholders. The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development and advanced exploration activities of the company, and hosts the McIlvenna Bay deposit and Tesla zone.

The McIlvenna Bay deposit is a copper-zinc-gold-silver-rich deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay property sits just 65 kilometres west of Flin Flon, Man., and is part of the world-class Flin Flon greenstone belt that extends from Snow Lake, Man., through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225 kilometres.

The company filed its National Instrument 43-101-compliant 2025 technical report on the McIlvenna Bay project in Saskatchewan, Canada, on March 12, 2025, with an effective date and report date of March 12, 2025, outlining a mineral resource in respect of the McIlvenna Bay deposit estimated at 38.6 million tonnes grading 2.02 per cent copper equivalent in the indicated category and an additional 4.5 million tonnes grading 1.71 per cent copper equivalent in the inferred category. Investors are encouraged to consult the full text of the 2025 technical report, which is available on SEDAR+ under the company's profile. The company's head office is located at 409 Granville St., Suite 904, Vancouver, B.C., Canada, V6C 1T2. Common shares of the company are listed for trading on the Toronto Stock Exchange under the symbol FOM and on the OTCQX under the symbol FMCXF.

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