Mr. Marcel Hilmer reports

FORSYS CLOSES $1.84-MILLION PRIVATE PLACEMENT

Forsys Metals Corp. has closed its previously announced non-brokered private placement by issuing 15.34 million units at 12 cents per unit for gross proceeds of $1.84-million.

Each unit consists of one Class A common share and one-half of one common share purchase warrant with each whole warrant entitling the holder to acquire a new common share in Forsys at a price of 24 cents expiring on Oct. 13, 2017. All securities issued pursuant to the private placement are subject to a four-month-and-one-day hold period from the closing date. The finders' fees on the private placement consist of 280,000 finders' units, each unit consisting of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire a new common share in Forsys at a price of 24 cents expiring on Oct. 13, 2017.

Proceeds from the private placement will be used to finance the Norasa uranium project in Namibia and for general working capital purposes.

We seek Safe Harbor.