McIlvenna Bay Project Wildfire Update

Wildfire Conditions Improving Near Project Site

No Damage Reported to McIlvenna Bay Infrastructure

All Onsite Staff Safe and Accounted For

VANCOUVER, BC, June 2, 2025 /CNW/ - Foran Mining Corporation (TSX:FOM.TO) (OTCQX:FMCXF) ("Foran" or the "Company") is pleased to provide an update regarding the regional wildfires near its McIlvenna Bay Project (the "Project"). Following the safe and orderly evacuation of approximately 540 non-essential personnel on May 22, 2025, a team of 44 employees and specialized wildfire contractors remained on site to implement a strategic asset protection plan. As conditions evolved, the wildfire advanced in several directions, including westward towards the McIlvenna Bay site. During this period, Foran installed additional fire attenuation systems, reinforced firebreaks, and worked in close coordination with on-site personnel and wildfire specialists to ensure the continued protection of critical infrastructure.