FDN Birch Hill Gold Corporation

Foundation Resources Inc. (TSX VENTURE:FDN)(FRANKFURT:52F) ("Foundation") is
pleased to announce that it has adopted a shareholder rights plan (the "Rights
Plan") designed to encourage the fair treatment of its shareholders in the event
of an unsolicited take-over bid for shares of the Company. The Rights Plan is
designed to give the Company's shareholders sufficient time to properly assess a
take-over bid without undue pressure and to give the Company's Board of
Directors time to consider alternatives that allow the Company's shareholders to
receive full and fair value for their common shares.


Pursuant to the Rights Plan, each holder of record of the outstanding common
shares of the Company at 5:00 p.m. (PST) on November 18, 2011 will be issued one
right per common share. The rights will trade with the common shares and be
represented by the certificates representing common shares. Although the Rights
Plan is effective immediately, it is subject to TSX Venture Exchange approval
and must be ratified by the shareholders of the Company within six (6) months of
its adoption. The Rights Plan will be submitted to the shareholders of the
Company for ratification at an annual and extraordinary meeting of shareholders
which is anticipated to be held in early 2012.


A copy of the Rights Plan will be posted on SEDAR and on the website of the
Company at the website address listed below.


The Rights Plan is similar to shareholder rights plans adopted by numerous other
Canadian corporations. Neither the Board nor senior management of the Company is
aware of any current, pending or threatened take-over bid for the Company.


About Foundation Resources Inc.

Foundation is a mineral exploration company focused on exploration and
development of gold and base metal properties in Canada and Mexico. Its flagship
Coldstream gold project in the Shebandowan greenstone belt and Mitchell base
metal property in the Birch-Uchi greenstone belt east of Red Lake, occur within
the Western Superior geological province of the Canadian Shield, noted for
hosting prolific gold and base metal deposits in Ontario, Canada. The San Rafael
gold-silver property is located approximately 150 km northwest of Durango in the
Durango State, Mexico.


On behalf of the board,

Ike Osmani, President & Director

News release contains certain "Forward-Looking Statements" within the meaning of
Section 21E of the United States Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on numerous assumptions and are subject to
all of the risks and uncertainties inherent in the Company's business, including
risks inherent in resource exploration and development. As a result, actual
results may vary materially from those described in the forward-looking
statements.


CUSIP: # 350476107 ISIN CA3504761071

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