NEWS RELEASE

Foran Notice of Annual and Special Meeting of Shareholders

Vancouver, BC (May 15, 2015) - Foran Mining Corporation (TSX.V: FOM) ("Foran" or the "Company") today announces that the Company will hold its Annual and Special Meeting of Shareholders at 2:00 pm (Eastern Time) on Monday, June 8, 2015. The meeting will be held at 36 Toronto Street, Suite 1000, Toronto, Ontario.

Shareholders of record as of May 4, 2015 will be entitled to vote on the election of directors, appointment of auditors, approval of the Company's stock option plan, and a special resolution to approve an amendment to the Company's Articles in reference to the Advance Notice Provision, as more particularly described in the management information circular of the Company dated May 5, 2015 (the "Circular"). The

Circular with respect to the meeting is available at www.sedar.com.

About Foran Mining

Foran is a copper-zinc exploration and development company with projects in the Flin Flon Mining Belt. McIlvenna Bay, Foran's flagship deposit, is located in east-central Saskatchewan, 65 kilometres west of Flin Flon, Manitoba and is one of the largest undeveloped VMS deposits in Canada. On November 12, 2014, Foran announced a positive preliminary economic assessment for McIlvenna Bay.

As at December 31, 2014, the Company had a treasury of $4.05 million in cash and cash equivalents. Foran trades on the TSX.V under the symbol "FOM".

For Additional Information Please Contact Foran Mining Corporation:

Patrick Soares Fiona Childe

President & CEO VP, Corporate Development

409 Granville Street, Suite 904 36 Toronto St, Suite 1000

Vancouver, BC, Canada, V6C 1T2 Toronto, ON, Canada, M5C 2C5

416-363-9229 [email protected]

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Foran's objectives, goals or future plans, statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in Foran's public documents filed on SEDAR. Although Foran believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Foran disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.