VANCOUVER, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) — Foran Mining Corporation (TSX-V: FOM) (the “Company” or
“Foran”) is pleased to announce that it has completed the non-brokered private placement previously announced on November 9, 2020. The Company raised gross proceeds of CAD
$1,000,000 by issuing 5,714,285 units (the “Units”) at a price of CAD $0.175 per unit (the “Financing”).