Foran Mining Corporation announced that further to its news release issued December 7, 2020, it has filed an independent National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) technical report for the first Resource Estimate (2020 Bigstone Resource Estimate) on the Company's Bigstone deposit. Bigstone is located in east-central Saskatchewan, approximately 25 km west of the Company's McIlvenna Bay project where work towards a Feasibility study is underway. Highlights of the 2020 Bigstone Resource Estimate include: Indicated resources estimated at 1.98 million tonnes ("Mt") grading 2.22% Copper Equivalent, which includes: 1.88% Copper ("Cu"), 0.92% Zinc ("Zn"), 0.25 g/t gold ("Au") and 9.5 g/t Silver ("Ag"). Containing 81.9 million pounds ("Mlb") Cu, 40.2 Mlb Zn, 16,000 ounces ("oz") Au and 603,000 oz Ag. Inferred resources estimated at 1.88Mt grading 2.14% Copper Equivalent, which includes: 1.35% Cu, 2.75% Zn, 0.32 g/t Au and 12.0 g/t Ag. Containing 55.9 Mlb Cu, 114.4 Mlb Zn, 19,000 oz Au and 729,000 oz Ag. The Deposit is open, with potential to increase with additional drilling. A follow up drill program is planned for summer 2021. In 2015, Foran drilled one of the longest intersections ever in the region, which returned a 104.95 metre intercept grading 2.03% copper. This result is an example of the tenor of mineralization that has been intersected during drilling to define the deposit. Bigstone represents the second NI 43-101 compliant resource defined by Foran within the Hanson Lake District and could be an important contributor to a long-lived mining camp. Foran is planning to return to Bigstone for another round of drilling during the summer of 2021. The summer drill program will focus on growing and upgrading resources at the Deposit as the company continues to advance its Hanson Lake District assets towards production. The Company engaged Roscoe Postle Associates Inc., now SLR Consulting Inc., to complete the first resource estimate for Bigstone prepared in accordance with CIM (2014) definitions and standards as incorporated by reference in NI 43-101. Eleven mineralized domains were defined in the deposit representing the three zones of mineralization: Copper Zone – Three wireframes have been modelled to approximately 600m below surface, extending <50m to approximately 200m along strike, with thickness ranging from less than one metre to greater than 50m, with an average thickness of 17.7m. Zinc Stringer Zone – Seven wireframes have been modelled with individual strike lengths ranging from 75m to 200m along strike and 50m to 350m down dip. Thickness ranges from less than one metre to greater than approximately five metres thick, with an average thickness of 5.2m. Massive Sulphide Zone – Single wireframe comprising high-grade zinc which stratigraphically overlays and overlaps the Copper Zone and Zinc Stringer Zone. The zone is variable in thickness with intersections from less than one metre to greater than 15m and an average thickness of 5.9m.