Foraco awarded large drilling services contract in Russia



    TORONTO, ON/MARSEILLES, France, Jan. 28 /CNW/ - Foraco International SA
(TSX: FAR) (the "Company" or "Foraco"), a leading global provider of
diversified drilling services, today announced that it has secured a drilling
services contract with OAO Arkhangelskoe Geologodobychnoe Predpriyatie
("AGD"), a Russian open joint stock company involved in diamond exploration
and a wholly-owned subsidiary of OAO LUKOIL. Under terms of the contract,
Foraco will perform large diameter drilling and bulk sampling for diamonds at
AGD's Grib site in the Arkhangelsk region in northwestern Russia. The one-year
contract is valued at approximately (euro) 10.0 million or $C16.0 million.
    "We are delighted to expand our operations into Russia and look forward
to working with AGD in bulk sampling the Grib site. Foraco has significantly
increased its expertise in this specialized drilling technique through our
recent acquisition of Northwest Sequoia Drilling and its excellent customer
references in diamond bulk sampling projects in Northern Canada," said Daniel
Simoncini, Chairman and Chief Executive Officer of Foraco. "The large diameter
drilling skills and assets of Foraco's European division combined with
Sequoia's unique expertise were key factors in securing this contract with
AGD."

    About Foraco

    Foraco (TSX: FAR) is a worldwide drilling service provider headquartered
in Marseille, France. The Company provides a diverse range of drilling
services to the minerals, energy, water, environmental and infrastructure
sectors. The Company currently operates 117 drilling rigs, with a presence in
18 countries across five continents. For more information about Foraco, visit
www.foraco.com.

    Caution concerning forward-looking statements

    This document may contain "forward-looking statements" and
"forward-looking information" within the meaning of applicable securities
laws.  These statements and information include estimates, forecasts,
information and statements as to management's expectations with respect to,
among other things, the future financial or operating performance of the
Company and capital and operating expenditures.  Often, but not always,
forward-looking statements and information can be identified by the use of
words such as "may", "will", "should", "plans", "expects", "intends",
"anticipates", "believes", "budget", and "scheduled" or the negative thereof
or variations thereon or similar terminology.  Forward-looking statements and
information are necessarily based upon a number of estimates and assumptions
that, while considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies.  Readers are cautioned that any such forward-looking statements
and information are not guarantees and there can be no assurance that such
statements and information will prove to be accurate and actual results and
future events could differ materially from those anticipated in such
statements.  Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed under the heading
"Risk Factors" in the Company's Annual Information Form dated March 31, 2008,
which is filed with Canadian regulators on SEDAR (www.sedar.com).  The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements and information whether as a result of new
information, future events or otherwise. All written and oral forward-looking
statements and information attributable to Foraco or persons acting on our
behalf are expressly qualified in their entirety by the foregoing cautionary
statements.

    %SEDAR: 00025480E




For further information:

For further information: Bruce Wigle, Investor Relations, The Equicom
Group, T: (416) 815-0700 or 1-800-385-5451, ext. 228, F: (416) 815-0080, E:
bwigle@equicomgroup.com


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