Mr. P.J. Murphy reports

FORGE RESOURCES CLOSES BROKERED PRIVATE PLACEMENT OF UNITS

Forge Resources Corp. has completed the initial closing of the company's previously announced best efforts private placement offering. Further to its press release on Feb. 18, 2026, the company has issued an aggregate of 6,687,000 units at a price of 50 cents per unit for aggregate gross proceeds of $3,343,500.

The offering was completed by Ventum Financial Corp. as lead agent and sole bookrunner.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company for a period of three years expiring March 27, 2029, at an exercise price of 75 cents per share. The units sold under the offering were issued in reliance on the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in all provinces of Canada, except Quebec, and other qualifying jurisdictions, and are not subject to any statutory hold period pursuant to applicable Canadian securities laws.

The net proceeds from the offering will be used as described under the company's amended and restated offering document dated Feb. 24, 2026, available under the company's profile on-line at SEDAR+.

In connection with the offering, the company paid a cash commission equal to 7.0 per cent of the offering and compensation options equal to 7.0 per cent of the offering to the agent. The compensation options entitle the holder to acquire one unit at a price of 50 cents per unit for a period of three years, expiring March 27, 2029.

The compensation options will be subject to a hold period expiring four months and one day from issuance.

Richards Buell Sutton LLP acted as legal counsel to Forge in connection with the offering, and Wildeboer Dellelce LLP acted as legal counsel to the agent.

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 kilometres southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory 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.