Mr. P.J. Murphy reports

FORGE RESOURCES INTENDS TO APPLY FOR EXPORT PERMITS TO SHIP COAL SAMPLES TO U.S. LABORATORY FOR METALLURGICAL AND THERMAL TESTING

Forge Resources Corp. intends to apply for export permits to send representative coal samples from its La Estrella Colombian project to a United States-based laboratory for advanced metallurgical and thermal testing. If approved, the samples would be analyzed by Matexcel to assess key thermal and steelmaking characteristics, including coke strength, fluidity, ash composition, volatile matter, sulphur content and overall carbon performance. The results will inform classification within global thermal and metallurgical coal markets and guide further technical planning.

Strategic context

Metallurgical coal has recently been elevated within U.S. policy frameworks as a strategically significant industrial input. In 2025, the U.S. Department of Energy designated metallurgical coal as a critical material, followed by the U.S. Department of the Interior classifying it as a critical mineral. These designations reinforce its importance to national industrial capacity, and may support expedited permitting pathways, enhanced financng eligibility and broader alignment with critical material policy frameworks. In parallel, U.S. legislative initiatives -- including the Critical Mineral Consistency Act of 2025 and the Finding ORE Act -- aim to harmonize federal critical minerals lists and expand strategic resource mapping and oversight. Recent federal fiscal policy has also incorporated metallurgical coal into advanced manufacturing production incentive frameworks, further integrating it into U.S. industrial and energy security strategy.

Collectively, these developments reflect a broader reclassification of metallurgical coal as a strategic input material essential to steel production, industrial resilience and defence-adjacent manufacturing capacity, rather than solely a traditional bulk commodity.

About Forge Resources Corp.

Forge Resources is a Canadian-listed junior exploration company. The company holds an 80-per-cent in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. La Estrella contains eight known seams of metallurgical and thermal coal.

The company also holds an option on 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.

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