Mr. Dan Myerson reports

FORAN MINING ANNOUNCES LEADING INDEPENDENT PROXY ADVISORY FIRM ISS RECOMMENDS FORAN SHAREHOLDERS VOTE "FOR" THE PROPOSED ARRANGEMENT WITH ELDORADO GOLD; SHAREHOLDERS REMINDED TO VOTE TODAY

Leading independent proxy advisory firm Institutional Shareholder Services Inc. (ISS) has recommended that Foran Mining Corp.'s shareholders vote for the proposed plan of arrangement involving Eldorado Gold Corp., Foran and the securityholders of Foran.

The special meeting of Foran securityholders to consider and vote on the arrangement is scheduled for Tuesday, April 7, 2026, at 1 p.m. Toronto time, at the offices of McCarthy Tetrault LLP, located at Suite 5300, 66 Wellington St. West, Toronto, Ont.

Under the arrangement, Eldorado will acquire all of the issued and outstanding Foran common shares. Each Foran shareholder (other than certain dissenting shareholders) will receive 0.1128 of an Eldorado share and one cent in cash for each Foran common share held, subject to adjustment for fractional shares. Upon completion of the arrangement, Foran will become a wholly owned subsidiary of Eldorado.

ISS recommendation

In its report, ISS found that "strategic rationale makes sense, as the resulting issuer may benefit from diversification, increased growth, exploration upside, financial flexibility and rerating potential" in issuing its endorsement of the arrangement.

"We are pleased that ISS has recognized the merits of this transaction and the disciplined, value-focused rationale supporting it," said Dan Myerson, executive chairman and chief executive officer. "Foran's board unanimously recommends that shareholders vote for the proposed arrangement with Eldorado Gold and we encourage all shareholders to vote well in advance of the deadline."

ISS has also issued a report on the Eldorado special meeting, similarly recommending shareholders of Eldorado vote for the share issuance resolution.

As an independent proxy advisory firm, ISS has approximately 3,400 clients, including many of the world's leading institutional investors who rely on ISS's objective and impartial analysis to make important voting decisions.

Board recommendation and rationale

The board of directors of Foran recommends that shareholders vote for the arrangement. Highlights of the transaction include:

• Unanimous board support: Foran's board df Directors unanimously approved the arrangement and recommends that shareholders vote for the arrangement.
• Strategic alignment: The transaction is aligned with Foran's strategy and is expected to strengthen the combined company's long-term growth profile through a disciplined, value-focused combination.
• Transaction structure: Upon completion of the arrangement, Eldorado will acquire all of the issued and outstanding Foran common shares and Foran will become a wholly owned subsidiary of Eldorado.
• Independent financial review: Independent fairness opinions were obtained in connection with the arrangement.

Questions and assistance

Your vote is important, no matter how many shares you own. Eldorado shareholders and Foran securityholders are urged to vote as early as possible and well in advance of the proxy voting deadline on April 2, 2026, at 10 a.m. Vancouver time, as intermediaries often impose earlier cut-off times for beneficial holders.

If you require assistance voting your shares or have questions about the voting process, please contact Foran's proxy solicitation agent, Laurel Hill Advisory Group, as follows.

North American toll-free:  1-877-452-7184

Outside North America (collect):  1-416-304-0211

E-mail:  assistance@laurelhill.com

Shareholders may also text info to 1-877-452-7184 or 1-416-304-0211 for assistance.

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 its 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, 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.

We seek Safe Harbor.