Foran Mining Corporation reported additional assay results from the ongoing 2023 drill program at the 100%-owned McIlvenna Bay Complex (the "Project") in Saskatchewan. The current drill program continues to better define the mineralized footprint at Tesla with a total of 8,177m of drilling completed to date. Assay results from these holes are pending and will be reported when they have been received and interpreted.

Two drill holes have been successfully completed in the Bridge Zonone area, each of which has successfully intersected multiple copper and/or zinc-rich horizons within the 300m-wide window that lies between the southernmost drilling at Telsa and northernmost drilling at the McIlvenna Bay Deposit. Foran has now transitioned to its regional, helicopter-supported greenfields drilling program with two drills dedicated to testing targets within a 50km radius of McIlvenna Bay, while one drill remains dedicated to testing targets within a50km radius of McIlvenNA Bay, while one drill continues to be dedicated to testing targets in the Bridge Zonone areas, each of which has successfully intercepted multiple copper and/or Zn-rich horizons within the300m-wide window that consists between the southernmost drilling atTelsa and northernmost drilling At the McIlvenna Bay deposit. Foran has now transitioned To date no metallurgical test work has been completed on the Tesla mineralization.

Bridge Zonone Drilling -- Hole MB-23-289 Two drill holes have been successfully conducted in the Bridge Zonone Area, each of which has successfully intercepted multiple copper and/or zinc -rich horizons within the 300 m-wide window that lies between The southernmost drilling at Tels a and northernmost drilling at theMcIlvenna Bay Deposit. In addition to the drilling program has been completed on the Tesla Mineralization. Hole MB-23-289: Two drill holes have been successfully successfully completed in the Bridge Z onone area, each of which have successfully intersected multiple copper and and/or zinc-richizons within the 300m- wide window that lies between the southern most drilling at Telsa and north of the McIlvenna Bay deposits.

Foran has now transitioned the regional, helicopter-supported greenfield drilling program with two drills dedicated for testing targets within a 50 km radius of McIlvennaBay, while one drill remains dedicated for the Company's exploration program.