Mr. P.J. Murphy reports

FORGE RESOURCES INTERCEPTS 105 G/T AU IN THE PAYOFF ZONE AT ALOTTA PROJECT, YUKON

Forge Resources Corp. has released the first gold assay results from the phase 2 diamond drill program at Alotta, intercepting 105 grams per tonne (g/t) gold (Au) over a core length of 1.25 metres (m). Majority of assays results are still pending.

Due to prolonged assay laboratory delays, the company requested a rush analysis of a visually high-grade interval from drill hole ALT-25-012 (see the news release dated June 17, 2025). Additional gold screen and multielement analysis results remain pending from the rushed 40-sample batch.

Highlights:

• Gold analysis from rushed samples from drill hole ALT-25-012, at the Payoff zone, has returned 105 g/t Au over a core length of 1.25 m. The true width is not known, the contacts ranging from 10 to 35 degrees to core axis.
• Continued drilling success at the Payoff zone confirms widespread gold-bearing sulphide mineralization and quartz veining across a 500-metre strike length, reinforcing the zone's potential within a large geophysical anomaly.
• Alotta is a gold enriched porphyry system hosting both semi-massive polymetallic sulphide veins and quartz veins overprinting the porphyry mineralization. The first 80 metres of ALT-25-012 contain many of these veins, with assay results still pending. To date, these veins significantly contribute to the overall gold grade.

P.J. Murphy, chief executive officer of Forge Resources, states: "We are extremely excited by the exceptional high-grade gold results from hole ALT-25-012, which returned 105 g/t Au over 1.25 metres. This intercept highlights the strong high-grade gold potential at Alotta and complements the broader, bulk-tonnage style mineralization at the Payoff zone. The consistently strong gold grades and wide mineralized intervals encountered to date further confirm the strength, continuity and scale of this growing gold system, which begins right at surface. Multiple instances of visible gold within quartz veining underscores the robustness of this mineralized corridor. As we advance exploration, the company will prioritize several large bull's eye targets defined by coincident copper, gold and molybdenum soil anomalies, and supporting geophysical signatures. We look forward to receiving the multielement results from the rushed samples of hole ALT-25-012, along with the remaining assays from our phase 2 drilling program."

Diamond drilling

A total of 1,262.75 m of drilling in four drill holes were completed by the company during the phase 2 drill program in 2025. Drill hole location data for results reported in this news release are listed in table 1.

Assay highlights of diamond drill holes pertaining to this news release are found in table 2.

Hole ALT-25-012 drilled through granodiorite and porphyritic rocks and intersected widespread, near-surface alteration, veining and sulphide mineralization. Alteration includes pervasive secondary biotite that is overprinted by intense silicification, and widespread chlorite and sericite alteration, which become stronger around areas of veining. Vein-hosted pyrite, molybdenite, chalcopyrite and pyrrhotite were commonly observed in quartz veins, with the strongest veining and mineralization found in the top 100 metres of the drill hole.

Payoff zone discussion

Forge has now completed five diamond drill holes (ALT-23-001/002, ALT-25-008/009/012) within the Payoff zone, successfully testing over a 500-metre inferred strike length within a 2,000-by-500-metre induced polarization, chargeability anomaly. Previous assay results include ALT-23-001, the first drill hole ever completed on the property, returning 0.46 g/t gold over 211.65 metres starting at 7.38 metres (Feb. 29, 2024, news release), and recently hole ALT-25-009, which returned 53.22 metres grading 0.45 g/t gold (Aug. 7, 2025, news release). All five drill holes in the Payoff zone encountered both disseminated and fracture controlled gold-bearing sulphide mineralization over extensive lengths with occasional polymetallic, gold bearing sulphide and quartz veins within. The later stage veins are an important contributor to the overall gold grade.

At 287.32 m downhole, below the most intense widespread alteration and mineralization, drilling intersected a low-angle (10 to 30 degrees to core axis) irregular quartz vein, approximately 10 centimetres (cm) wide, hosting visible gold and bismuthinite, along with disseminated to semi-massive pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite and sphalerite. Core sampling of the quartz vein returned 1.25 m grading 105 g/t Au.

Yukon Geoscience Forum (YGF)

The company will be participating in the upcoming YGF from Nov. 16 to Nov. 19 in Whitehorse, Yukon. Select drill core from the Alotta property will be on display at the YGF core shack from Nov. 17 to Nov. 19. Kelson Willms, senior project geologist with Archer, Cathro & Associates (1981) Ltd., will be providing a technical update on the Alotta project on Wednesday, Nov. 19, 2025, at 9:10 a.m. Lorne Warner, president, will be attending the YGF on behalf of the Forge Resources.

Quality assurance/quality control (QA/QC)

Analytical work was completed by ALS Canada Ltd., with sample delivery in Whitehorse, Yukon, sample preparation in Langley, B.C., and geochemical analysis in North Vancouver, B.C.

Rigorous procedures are in place regarding sample collection and data entry. Certified assay standards, coarse reject duplicates, field duplicates and blanks were routinely inserted into the sample stream to ensure integrity of the assay process. All of the results reported have passed the QA/QC screening. Core was sampled using a diamond core saw, with half of each interval sent to the lab for analysis and the other half retained.

Half-core samples were fine crushed and a 250 g split was pulverized to better than 85 per cent passing 75 microns. Gold was determined for core samples using a 50 g charge by fire assay followed by an atomic absorption spectroscopy finish (Au-AA24).

Fire assay screen analysis was completed using a one kg sample size screened to minus 106 microns. Oversize material was analyzed in entirety by fire assay with gravimetric finish. A 30-gram assay of the undersized material was analyzed in duplicate by fire assay with atomic absorption spectroscopy finish. Results of the oversize and undersize assays were combined to provide the final reported number in this release.

Proximity to measured and indicated resources

The Alotta property consists of 230 mineral claims that covers approximately 4,723 hectares in a similar geological setting to Western Copper and Gold's Casino deposit, which is located 50 km to the north of the Alotta project. The Casino deposit is one of the largest undeveloped gold-copper porphyry projects in the world.

Qualified person

Lorne Warner, PGeo, president, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical disclosure in this news release.

About Forge Resources Corp.

Forge Resources is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 km southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in Yukon of Canada.

In addition, the company holds an 80-per-cent interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.

We seek Safe Harbor.