Foran Mining Corporation and Peter Ballantyne Cree Nation announced the signing of a landmark Collaboration Agreement (the "Agreement") between PBCN and Foran's wholly-owned subsidiary, McIlvenna Bay Operating Ltd. ("MBO"). This pioneering partnership is a testament to a profound alignment of interests, encapsulating shared aspirations and deep respect for cultural heritage. This agreement embeds a commitment to sustainable growth and future prosperity, underpinned by principles of mutual respect and a dedication to fostering longevity across generations.

Conceived through a collaborative endeavor, this agreement strategically emphasizes education, paving the way for comprehensive upliftment of the PBCN community. By facilitating diverse training avenues, it aims to stimulate employment and business opportunities for PBCN members. Beyond these pillars, the agreement extends thoughtfully designed financial and economic benefits to further empower the PBCN community.

This partnership is the result of truly listening to the local communities and responding with an unparalleled agreement that reflects these discussions. It speaks to dedication to empowering the PBCN community, with a strong commitment to providing PBCN members with training and job opportunities and PBCN businesses with contracting opportunities. The employment and contracting opportunities will provide sustainable and transferable careers and business opportunities for both individual PBCN Members and PBCN Businesses.

While it has taken a significant amount of effort by both parties to achieve the partnership have, it will endure through the life of the mine. PBCN will continue to take an active role, both in collaboration with Foran, through the MBO PBCN Environment Committee, and independently through own community-led monitoring programs. Foran and PBCN would like to express their gratitude for the patience, diligence, and perseverance shown by all participants throughout the negotiation process. This agreement stands as a testament to the power of collaboration and mutual respect.