GoGold Resources Inc. press release

C-Suite At The Open Patrick Soares, President & CEO, Foran Mining Corporation tells his Company's Story. Filmed in June, 2020

2020-07-23

TSX - Toronto Stock Exchange · Silver · Gold · Copper · Zinc · Lead · Canada

Canada NewsWire

TORONTO, July 23, 2020

TORONTO, July 23, 2020/CNW/ -

https://www.youtube.com/watch?v=fJi6msppSG0

The C-Suite At the Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite At The Open videos visithttps://www.tmxmoney.com/en/csuite.html.

About Foran Mining Corporation (TSXV: FOM)

Foran Mining is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. The McIlvenna Bay Project, Foran's flagship asset located within the Hanson Lake District, sits just 65km from Flin Flon, Manitobaand is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flonto Foran's ground in eastern Saskatchewan, a distance of over 225km.

McIlvenna Bay is the largest undeveloped VMS deposit in the region. This prolific Metallogenic Belt is host to 29 past and present producing mines, including Hudbay Minerals Inc.'s 777 and Lalor operations. The Company released the results of the Pre-Feasibility Study ("PFS") on March 12, 2020. Based on the PFS, the McIlvenna Bay Project is expected to yield a Base Case pre-tax, 7.5% net present value of $219 millionand an internal rate of return of 23.4%, using assumed zinc, copper, gold and silver prices of US$1.26/lb, US$2.82/lb, US$1,312/oz and US$16.30/oz. The Company filed a NI-43-101 Technical Report for the PFS on the McIlvenna Bay Deposit on SEDAR on April 28, 2020. For more information: https://www.foranmining.com/.

About TMX Group (TSX: X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, Trayportand other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Torontoand operates offices across North America(Montréal, Calgary, Vancouverand New York), as well as in key international markets including London, Beijingand Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.

SOURCE TMX Group Limited

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