Mr. Patrick Elliott reports

FORTE MINERALS ANNOUNCES WARRANT EXTENSION AND CANCELS LOANS

Forte Minerals Corp. intends to extend the exercise period of a total of 5,888,593 share purchase warrants by 12 months, which warrants were originally issued as part of a private placement completed in 2020.

Each whole warrant entitles the holder to purchase an additional common share of the company at the price of 20 cents per warrant share. The original exercise period for 5,638,593 warrants expires on July 17, 2023, while the remaining 125,000 warrants had an exercise period until Aug. 10, 2023.

To provide enhanced flexibility to its valued shareholders, the company has decided to extend the term of the warrants by one year. Subject to Canadian Securities Exchange approval, the new exercise periods for the warrants will be July 17, 2024, and Aug. 10, 2024, respectively. All other terms of the warrants will remain the same.

"We highly value the unwavering support and trust demonstrated by our long-time shareholders," said Patrick Elliott, president and chief executive officer. "By extending the exercise period of these warrants, we aim to provide our shareholders with an extended opportunity to benefit from the growth and the success of our company."

In addition, the company announces the settlement of $120,000 in loans made on July 17, 2020, to two related parties and one arm's-length party through the cancellation of an aggregate of 750,000 common shares and 375,000 warrants. The loans were due to mature on July 10, 2023, and were secured with the loan securities and permitted to be repaid in cash or by cancellation of the loan securities. An additional $30,000 loan had been provided to Mr. Elliott as secured by 250,000 common shares and 125,000 warrants, which loan as expected to be repaid prior to maturity. The loans are more particularly described in the company's prospectus dated Nov. 12, 2021.

Forte Minerals remains committed to its strategic objectives and steadfast in delivering value to its shareholders.

About Forte Minerals Corp.

Forte Minerals is a leading junior exploration company in Peru dedicated to discovering and developing high-quality copper and gold deposits. With a strong portfolio of assets, the company is leveraging its team of expert geologists, advanced technologies, and a commitment to social and environmental sustainability to unlock the full potential of its projects.

We seek Safe Harbor.