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Foran Showcases TruScan Technology in Latest Video

Press Release

Vancouver, BC (March 4, 2024) – Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is pleased to celebrate our continued partnership with Veracio and its innovative TruScan real-time X-Ray Fluorescence (“XRF”) drill core scanning technology (“TruScan”). TruScan has been deployed onsite with the Foran team since 2022, when Foran partnered with Veracio, and is contributing to our ongoing exploration at our 100%-owned McIlvenna Bay Project (the “Project”) in Saskatchewan. The use of the TruScan core scanning system has resulted in rapid advancements in our understanding of the Tesla Zone, while simultaneously assisting us in gaining geological insights instrumental to discovering the Bridge Zone adjacent to the McIlvenna Bay Deposit.

Please follow the link here to watch how Foran utilizes Veracio’s TruScan technology.

Erin Carswell, Vice President of Exploration at Foran, commented: “By using Veracio’s TruScan geochemical assay data in real-time, Foran’s geologists can rapidly interpret complex drill core samples with greater accuracy and confidence, enabling agile decision-making and efficient exploration. By leveraging artificial intelligence (AI) and machine learning, our exploration team can now integrate TruScan assay data with diverse sources including remote sensing data, surface geochemistry and geological maps to extend beyond real-time analysis and assist in our identification of areas with high mineral potential. This enhanced and proactive approach using AI-based analytics heralds a new era in mineral exploration, where data-driven insights and predictive modelling reshape how mineralization is discovered.”

JT Clark, Chief Executive Officer at Veracio, also commented: “Collaborating with Foran has been an exceptional experience. Their exploration team’s expertise, combined with a corporate culture committed to progress, exemplifies the remarkable outcomes possible when innovation meets dedication. Their use of our TruScan technology has allowed Foran to set a new standard in the junior mining industry, highlighting the significant value and excellence our partnership brings.”

FOR ADDITIONAL INFORMATION & MEDIA ENQUIRIES:

Foran:

Jonathan French, CFA

VP, Capital Markets & External Affairs

409 Granville Street, Suite 904

Vancouver, BC, Canada, V6C 1T2

jfrench@foranmining.com

+1 (306) 808-4051

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