April 14, 2011
Saskatoon, SK (April 14, 2011) — Foran Mining Corporation
(TSX.V: FOM) (“Foran” or the “Company”) announces that subject to TSX Venture Exchange approval, it has granted 500,000 incentive stock options to officers of the Company. The options are set for a period of five years, expiring on April 13, 2016, and will allow the holder to purchase a share in the Company at a price of $0.90. Any shares issued on the exercise of these stock options will be subject to a four‐month hold period from date of grant.
“ON BEHALF OF THE BOARD OF DIRECTORS”
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include, without limitation, statements regarding the company’s plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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