Foran Mining Corporation

Foran Mining Corporation

December 10, 2007 13:04 ET

Foran Mining Announces Signing of Memorandum of Understanding

SASKATOON, SASKATCHEWAN--(Marketwire - Dec. 10, 2007) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran") is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with the Bureau of Geology and Mineral Exploration of Anhui Province P.R.C., China ("the Bureau").

The MOU is expected to lead to an agreement for the Bureau to provide financial funding and manpower to assist in the exploration of certain property claims located in Saskatchewan.

Mr. Bob Nylen, President & CEO, attended the China Mining Conference 2007 in Beijing, China held in November 2007, which has led to several companies expressing interest in partnering with Foran. Mr. Nylen was invited to provide a presentation on Foran properties which included the McIlvenna Bay property in east central Saskatchewan where a current drill program is underway.

Foran Mining is also pleased to announce the addition of Dr. Muhammad S. Bajwa to their staff. Dr. Bajwa joins Foran in the position of Senior Exploration Geologist and brings with him a wide variety of experience in the geological field from many countries around the world.

Mr. Nylen also presented a paper on the McIlvenna Bay project at the 2007 Saskatchewan Geological Survey Open House held on December 5, 2007.

On Behalf of the Board of Directors

Bob Nylen, President & CEO

Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • Foran Mining Corporation
    Bob Nylen
    President & CEO
    (306) 956-3105