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Finore announces Claim Fee Payments and Planned Drill Program â?? Lantinen Koillismaa PGE Project, North-Central Finland

C.DOCT

(via Thenewswire.ca)

Vancouver, BC / TheNewswire / Vancouver, B.C., March 16, 2015 - FINORE MINING INC. (CSE: FIN; OTCQX: FNREF) (the "Company" or "Finore") - Finore announces that it made the required annual claim fee payments for the Lantinen Koillismaa PGE-Gold-Copper-Nickel Project (the "LK Project"), North-Central Finland. The LK project comprises of claim areas totaling over 3,000 hectares. The Company is planning a drill program for the LK Project which the Company hopes will be underway within the next two months pending the completion of the previously announced financing to address the Company's liabilities.

The LK Project is comprised of four target areas: Haukiaho, Kaukua, Murtolampi and Lipeavaara. Over 33,000 metres of drilling by Nortec and Finore was carried out on Haukiaho and Kaukua, with historical drilling by Geological Survey of Finland ("GTK") on the Murtolampi and Lipeavaara zones. The Haukiaho Target consists of three mineralized fault separated blocks: West Torkoaho (West) Zone, Torkoaho (Central) Zone and Melarame (East) Zone. The Torkoaho Zone appears to thicken and flatten to the East with only three drill holes Hau11-010, Hau12-018 and the GTK drill hole R386 drilled over a strike distance of 400 metres. The results from the three drill holes are listed below. The intersections are core lengths only and are estimated to be true thicknesses from the interpreted cross-sections.

Hole Hau11-010: 25.0 metres @ 0.72g/t PGE+Au; 0.23% Cu; 0.18% Ni from 66 metres

Hole R-386: 46.65 metres @ 0.88g/t PGE+Au; 0.30% Cu; 0.20% Ni from 36.05 metres

Hole Hau12-018: 26.0 metres @ 1.01g/t PGE+Au; 0.33% Cu; 0.26% Ni from 104 metres and 31.6 metres @ 1.04g/t PGE+Au; 0.34% Cu; 0.22% Ni from 134m

The West Torkoaho Zone also returned significant results and is open to the west. Drill Hole Hau12-016 intersected some of the highest grades in the Haukiaho Zone, shown below. No recent drilling was carried out west of this drill hole.

Hole Hau12-016: 30.3 metres @ 1.00g/t PGE+Au; 0.30% Cu; 0.20% Ni from 59.7 metres including 16.3 metres @ 1.45g/t PGE+Au; 0.42% Cu; 0.28% Ni.

The proposed drilling will focus on the shallow areas of the Torkoaho and the West Torkoaho zones with the goal to increase the previously calculated grade and tonnage defined by Mining Plus Canada Consulting Ltd. in compliance with National Instrument 43-101("NI 43-101")standards (shown below).

Haukiaho (Melarame, Torkoaho and West Torkoaho zones) Resource Estimate at 0.1 g/t Pd cut-off grade

Category

Tonnage Mt

Pd g/t

Pt g/t

Au g/t

Cu %

Ni* %

Inferred

23.2

0.31

0.12

0.10

0.21

0.14

*Total Nickel

Kaukua Resource Estimate at 0.1 g/t Pd cut-off grade

Category

Zone

Tonnage Mt

Pd g/t

Pt g/t

Au g/t

Cu %

Ni*%

Indicated

Main

10.4

0.73

0.26

0.08

0.15

0.1

Inferred

Main

13.2

0.63

0.22

0.06

0.13

0.1

*Total Nickel

For further details in respect of this mineral resource estimate, please refer to the technical report titled: "A Technical Report on the Lantinen Koillismaa Project, Finland for Finore Mining Inc." dated September 18, 2013 and filed on SEDAR.

Mohan R. Vulimiri, M.Sc., P.Geo, Director of Finore, is a Qualified Person as defined by NI 43-101. Mr. Vulimiri has approved the disclosure of scientific and technical information in this press release.

About Finore Mining Inc.

Finore is a mineral exploration and development company based in Vancouver, British Columbia. The Company controls a 100% interest in the Lantinen Koillismaa PGE+Au-Cu-Ni Project located in North-Central Finland. More information on the Company's activities can be found on www.finoremining.com.

On behalf of the Board of Directors of

Finore Mining Inc.,

"Peter Tegart"

Peter Tegart

President & CEO

The CSE does not accept responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" within the meaning of applicable securities laws ("forward-looking statements"), including our belief as to the timing of our proposed drill program and the potential tonnage, grades and content of deposits. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the effects of general economic conditions, commodity prices, changing foreign exchange rates and actions by government and regulatory authorities and misjudgments in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with exploration; the need for additional financing; the calculation of mineral resources; operational risks associated with mineral exploration; fluctuations in metal prices; title matters; government regulation; obtaining and renewing necessary licences and permits; reliance on key personnel; the potential for conflicts of interest among certain of our officers or directors; the volatility of the our common share price and volume; and other risks and uncertainties, including those relating to the LK Project and general risks associated with the mineral exploration industry described in our financial statements and MD&A for the fiscal period ended December 31, 2013 filed with the Canadian Securities Administrators and available at www.sedar.com. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

Copyright (c) 2015 TheNewswire - All rights reserved.



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