FDN Birch Hill Gold Corporation

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Foundation Resources Inc. (TSX VENTURE:FDN)(FRANKFURT:52F) (the "Company") and
the Board of Directors (the "Board") are pleased to announce the appointment of
Mr. Ian Lambert as Chief Executive Officer and Director for the Company
effective immediately. Mr. Paul Chung, the former CEO, will replace Mr. John
Hiner as Chairman of the Board with Mr. Hiner remaining on as a Director.


Mr. Osmani, President, stated, "We are very pleased to have Mr. Lambert join us
at this very important juncture in the company's growth cycle. The Coldstream
Project is our flagship property and Ian's extensive experience and contacts
within the mining community will greatly assist us in advancing the Coldstream
Project. On behalf of the Board of Directors, I would also like to take this
time to thank Mr. Chung for his dedication to the Company in his role as CEO and
Mr. Hiner for his dedication to the Company in his role as Chairman of the
Board."


Mr. Lambert had been CEO and a director for twenty-one years of Trade Winds
Ventures Inc., a TSX Venture Top 50 company developing a multi-million ounce
gold project in Ontario. He recently completed a transaction to sell Trade Winds
Ventures to Detour Gold Corporation, valued at $84 million. Mr. Lambert's broad
exposure to a wide range of business activities includes experience in oil & gas
development, marketing, manufacturing, data processing operations and software
development, and precious metals and mineral exploration and development. Mr.
Lambert is currently CEO/Director, Silver Rock Resources Inc. (mineral
development and production), and Director, North Sea Energy Inc. (oil and gas
exploration and production). Prior to becoming an Officer and Director of public
companies, he served several years each as Manager, Systems Consulting for
Deloitte Haskins & Sells Associates, and in the resource sector as Manager
Information Systems Development for Cominco Ltd. and MacMillan Bloedel Ltd., and
Systems Analyst, Mobil Oil Canada.


Mr. Lambert commented, "I was impressed with the Coldstream gold project and the
multi-million ounce potential for the property, seeing many similarities to the
former Trade Winds project at Detour Lake. I believe that Foundation has the
potential to develop the Coldstream property to successful feasibility, and look
forward to working with management to accomplish our goals. I am also pleased
that the entire management team is staying intact so that we can continue to
grow the Company as they envisioned."


The Company has granted Mr. Lambert 500,000 incentive stock options. The options
are exercisable at $0.10 per share for a period of five years, subject to
regulatory approval. The options are subject to a four-month hold period.


About Foundation Resources Inc.

Foundation Resources is a mineral exploration company focused on the exploration
and development of its flagship Coldstream Gold Project located in the
Shebandowan Greenstone Belt, 115 Km North West of Thunder Bay, Ontario. The
Company's NI 43-101 resource estimate reported September 20, 2011 by Wardrop
delineated a total inferred mineral resource of 763,276 ounces gold and an
indicated resource of 96,400 ounces gold on the Osmani deposit, which is one of
five highly prospective gold targets that Foundation has within this 16 km long
Coldstream Gold Trend.


On behalf of the board,

Ike Osmani, M.Sc., P.Geo., President & Director

This 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

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