The 195 hectare Reed Lake Project is located in the Snow Lake -- Lalor Lake area of northwestern Manitoba, 21 kilometres southwest of Snow Lake. The property is 100% owned by Foran, subject to a 1% NSR.

Reed Lake occurs within the Snow Lake arc assemblage at the eastern limit of the Flin Flon Greenstone Belt. Historic drilling has intersected altered and weakly mineralized felsic to intermediate volcanic rocks equivalent to those hosting the Lalor deposit of HudBay Minerals Inc., 15 kilometres to the northeast.

In 2010-2011, Foran engaged Equity Exploration Consultants for the review and compilation of historic data on Reed Lake and several other Foran properties, and will provide the Company with recommendation for further exploration.