Management

Patrick Soares, B.Sc. (Hons.), P.Geo.

President, CEO, & Director

Mr. Soares was appointed President and CEO of Foran Mining Corporation and a member of the Board of Directors in November, 2010. Previously, Mr. Soares served as the President and CEO of Brett Resources Inc., which was acquired by Osisko Mining Corp. in May, 2010.

Mr. Soares holds a B.Sc. (Hons.) from the University of British Columbia and is a Professional Geoscientist with APEGBC. Mr. Soares began his professional career in 1983 as an exploration and mine geologist in northern Canada. Subsequently, he worked in the field of investor relations and corporate development, and held positions with Sutton Resources Ltd. (acquired by Barrick Gold in 1999), EuroZinc Mining Corp. (now part of Lundin Mining Corporation) and Aurizon Mines Ltd.

Mr. Soares sits on the Board of Directors and the Technical Advisory Committee of several mining and exploration companies.

Tim Thiessen, B. Comm., CA

CFO

Mr. Thiessen has 13 years of international experience in public accounting and the mining industry. Most recently he was CFO of Aurcana Corporation, a TSX.V-listed mining company with silver-copper-zinc operations in Mexico and a silver development project in Texas. In this role he oversaw the accounting and finance departments and played a key role in growing Aurcana's market capitalization. Previously he was domiciled in the Cayman Islands as VP of Finance for TSX-listed Endeavour Financial Ltd., an advisory firm in the mining industry. He has also held positions as controller for Endeavour Mining Capital Corp., corporate accountant for several off-shore subsidiaries of Silver Wheaton Corp. and as an auditor for Deloitte LLP with a focus in the mining and financial services industries.

Mr. Thiessen is a graduate of the University of Manitoba and is a member of the Canadian Institute of Chartered Accountants.

Fiona Childe, Ph.D., P.Geo.

Vice President, Corporate Development

Dr. Childe has over 15 years of experience in the mining sector and brings a strong combination of technical and corporate skills to the Company. She has worked to develop effective business development and communications strategies for mining and exploration companies globally and has held senior management positions with several private and TSX-listed mining and development companies. In her position as Vice President Corporate Communications with Tau Capital Corp., she was involved with the advancement of AfriOre Limited from an early-stage explorer to its $500 million acquisition by Lonmin plc in 2007.

Dr. Childe is a graduate of McGill University and the Mineral Deposit Research Unit at the University of British Columbia. She is a Professional Geoscientist with the APGO and has published technical papers on VMS deposits worldwide.

Roger March, B.Sc. (Hons.), P.Geo.

Vice President, Project Exploration

Mr. March has almost 20 years of progressive exploration and project management experience, focused mainly on the design, implementation and supervision of advanced exploration programs. In his prior role as Senior Project Geologist at Cumberland Resources, Mr. March spent 11 years as part of the team responsible for the completion of prefeasibility and feasibility level studies for the Meadowbank Gold Project, including resource increases from 0.8 million to over 4 million ounces of gold. He has multi-commodity exploration experience and has held positions with Inco, Redfern Resources, Lac Minerals and the Newfoundland and Labrador Department of Mines and Energy.

Mr. March has extensive experience integrating exploration with geotechnical, metallurgical and environmental programs for project development, and is using this background to advance the exploration and development of the McIlvenna Bay Project.

Mr. March is a Professional Geoscientist with the PEGNL and holds a B.Sc. (Hons.) from Memorial University.

Dave Fleming, B.Sc., P.Geo.

Vice President, Exploration

Mr. Fleming has over 30 years' experience in the generation, management and implementation of successful mineral exploration throughout North America. He began his career with Amax Minerals/Canamax Resources Inc., an exploration group responsible for Yukon exploration and development at the Ketza River Gold Mine and Sa Dena Hes zinc-lead-silver mine. Mr. Fleming has worked with several major mining companies, including Cyprus Canada, Kennecott Canada and Billiton Metals. More recently, he was part of exploration and development at the Meadowbank Gold Deposit from exploration to feasibility stage with Cumberland Resources Ltd. (acquired by Agnico-Eagle Mines Ltd. in 2007).

Using his background in district and regional scale exploration, Mr. Fleming is focused on the advancement of both McIlvenna Bay and Foran's other properties in Saskatchewan and Manitoba.

Mr. Fleming is a Professional Geoscientist with the APEGBC and holds a B.Sc. from the University of British Columbia.