Mr. Jonathan French of Foran Mining reports

FORAN SECURITYHOLDERS APPROVE BUSINESS COMBINATION WITH ELDORADO GOLD

Holders of common shares of Foran Mining Corp., holders of non-voting shares of the company, holders of options of the company, holders of restricted share units (RSUs) of the company and holders of deferred share units (DSUs) of the company have approved the company's previously announced business combination with Eldorado Gold Corp. by way of a plan of arrangement under the Business Corporations Act (British Columbia) at the company's special meeting of securityholders held earlier today. At the meeting, the special resolution approving the arrangement was approved by a strong majority of votes cast. A total of 446,969,028 votes were cast at the meeting, representing 77.3 per cent of the votes attached to all outstanding securities of the company. The arrangement resolution was approved by 83.4 per cent of the votes cast by securityholders.

In order to be effective, the arrangement resolution required the affirmative vote of: (i) at least two-thirds of the votes cast at the meeting by common shareholders and non-voting shareholders in person or represented by proxy; (ii) at least two-thirds of the votes cast at the meeting by securityholders in person or represented by proxy, voting together as a single class; (iii) a simple majority of the votes cast by holders of common shares, voting as a separate class, present in person or represented by proxy at the meeting, excluding the common shares required to be excluded pursuant to Multilateral Instrument 61-101; and (iv) a simple majority of the votes cast by holders of non-voting shares, present in person or represented by proxy at the meeting, voting as a separate class and excluding the common shares and non-voting shares required to be excluded pursuant to MI 61-101.

Details of the votes cast are set out in the attached table.

Completion of the arrangement remains subject to the satisfaction or waiver of certain customary closing conditions, including the receipt of a final order of the Supreme Court of British Columbia and approval by Eldorado shareholders. Subject to the satisfaction of these conditions, the arrangement is expected to close on or about April 14, 2026.

Further details regarding the arrangement are set out in the company's management information circular dated March 6, 2026, which is available under Foran's profile on SEDAR+ and on the company's website.

About Foran Mining Corp.

Foran 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 terhnical Report on the McIlvenna Bay project, 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 (t) grading 2.02 per cent copper equivalent (CuEq) in the indicated category and an additional 4.5 million t 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 Toronto Stock Exchange under the symbol FOM and on the OTCQX under the symbol FMCXF.

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