Mr. Marcel Hilmer reports

FORSYS METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Forsys Metals Corp. intends to raise up to $3.2-million in gross proceeds by way of a non-brokered private placement of up to 10 million units in the company at a subscription price of 32 cents per unit.

Each unit will consist of one Class A common share and one-half of one common share purchase warrant that entitles the holder to acquire a new common share in Forsys at a price of 45 cents for a period of two years from the date of issue.

Proceeds from the private placement will be used to finance the completion of the company's recently announced feasibility study for its Norasa uranium project in Namibia, as well as for general working capital purposes. The feasibility study, which is being prepared by AMEC, is expected to be completed during the first quarter of 2015.

Forsys has received a firm commitment from Leo Fund Managers Ltd., the company's largest shareholder, whereby Leo will subscribe on behalf of certain of its funds for 6,625,000 units for gross proceeds of $2.12-million. Forsys chief executive officer Marcel Hilmer said, "A further investment in the company by Leo, a leading European financial services company based in London, demonstrates a continuing commitment by Leo to the company specifically and the uranium industry in general."

The offering is expected to close on or about Aug. 15, 2014. All securities issued through the private placement will be subject to a four-month-and-one-day hold period from the date of the closing. Completion of the private placement is subject to customary approvals and conditions.

Finders' fees may be payable on all or a portion of the non-brokered placement.

We seek Safe Harbor.