Foran Mining Corporation reported high-grade intercepts from three holes drilled during the 2021 exploration program at its 100%-owned Bigstone deposit, located 25 km southwest of its McIlvenna Bay deposit in east-central Saskatchewan. Highlights: Hole BS-21-245 returned 9.5m of 14.0% Zn, 0.42% Cu, 76.9 g/t Ag and 0.37 g/t Au, including 0.9m of 57.2% Zn, 0.28% Cu, 24.9 g/t Ag and 0.06 g/t Au. High-grade results from hole BS-21-245 compare favourably to the existing Indicated resource grade of the Massive Sulphide zone at Bigstone of 9.9% Zn, 0.25% Cu, 16.5 g/t Ag and 0.33 g/t Au.

Precious metal anomalies were also intercepted in several holes at Bigstone, including 0.5m of 63.0 g/t Ag, 5.49 g/t Au in hole BS-21-246 and 0.5m of 454.0 g/t Ag and 2.06 g/t Au in hole BS-21-247. Hole BS-21-246 also hit 3.1% Cu within the same intercept. Preliminary intercepts continue to strengthen Foran's confidence in both the Bigstone deposit and the entire region where company will be testing additional targets in 2022.

2021 Bigstone Drill Program: Foran's 2021 Bigstone exploration drill program consisted of 14 holes in 5,716 metres, completed between August and October 2021. The program targeted resource growth by step-out drilling to potentially expand individual resource zones up/down-dip and along strike to the north and south, and infill drilling in certain areas to upgrade current inferred resources to indicated categories. These are the first drill holes since the Company's 2015 drill program, which uncovered one of the longest intersections ever recorded in the region, at 105m of 2.2% Copper Equivalent (CuEq).

Hole BS-21-245 was drilled on section 15+75N, near the southern-end of the deposit, targeting an inferred portion of deposit at depth and the potential expansion of a lower zone of mineralization to the south. The hole successfully intersected the massive sulphide horizon, where it could expand the indicated resources in that area. The hole also intersected an underlying zone of copper-rich mineralization, which should grow the resource in this sector of the deposit.

Hole BS-21-246 was drilled on the same section as BS-21-245 where it successfully intersected the deposit approximately 50m further up-dip. BS-21-246 intersected the massive sulphide horizon and a similar underlying high grade copper zone as encountered in BS-21-245. BS-21-246 also intersected a narrow gold-rich horizon in the hanging wall above the massive sulphide that had previously been unrecognized in the historic drilling.

Assays below 297.7m are pending from the lab. Hole BS-21-247 was drilled on section 16+25N where it targeted the lower zone in a 150m gap between historic holes. BS-21-247 successfully intersected the massive sulphide horizon and the underlying copper zone seen in BS-21-245 and 246, as well as, the targeted lower zone containing high-grade zinc. This intersection should allow the mineralized intervals for this zone in the historic drill holes to be connected.

BS-21-247 also interested a new gold-rich zone in the hanging wall above the massive sulphide which may correlate with the gold intersection in the same area in BS-21-245.