Mr. Jonathan French reports

FAIRFAX FINANCIAL ENTERS INTO VOTING SUPPORT AGREEMENT FOR ELDORADO GOLD CORPORATION AND FORAN MINING COMBINATION

Certain affiliates of Fairfax Financial Holdings Ltd., a long-term, value-oriented institutional investor, have entered into a voting support agreement in respect of Foran Mining Corp.'s previously announced plan of arrangement with Eldorado Gold Corp.

Under the terms of the voting support agreement, Fairfax has agreed to vote all of its shares in favour of the transaction. Fairfax owns 94,088,486 common shares, representing approximately 17.6 per cent of the company's issued and outstanding common shares and an additional 27,777,778 non-voting shares, which convert into common shares on a one-for-one basis in connection with a change of control transaction. Assuming such conversion, Fairfax would be entitled to vote approximately 21.6 per cent of the company's issued and outstanding common shares. Under the terms of the plan of arrangement, the transaction is subject to approval by Foran's securityholders, including the affirmative vote of at least two-thirds of the votes cast by Foran shareholders and Foran securityholders (including the holders of the company's non-voting common shares), voting together as a single class and separate majority of the minority approvals by holders of each of the Foran common shares and Foran non-voting shares, in each case in accordance with Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions.

"Foran brings a world class asset with huge, long-life copper reserves and low hydro energy costs, all in Canada and under the leadership of a very talented CEO, Dan Myerson," said Prem Watsa, chairman and chief executive officer of Fairfax Financial Holdings. "Combined with Eldorado's established portfolio and development pipeline, this transaction creates a high-quality, Canadian-based mining company with a compelling growth profile. We are pleased that Dan will serve as deputy chairman of the combined company, supporting a strong and experienced Eldorado management team, helping guide its next phase of growth."

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 our 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, Saskatchewan, Canada (the 2025 technical report), 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 Mt (million tonnes) grading 2.02 per cent CuEq (copper equivalent) in the indicated category and an additional 4.5 Mt grading 1.71 per cent CuEq 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 TSX under the symbol FOM and on the OTCQX under the symbol FMCXF.

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