Mr. Richard Parkhouse reports

FORSYS OBTAINS RENEWAL OF EXCLUSIVE PROSPECTING LICENCE (EPL-3638) FOR ITS NAMIBPLASS URANIUM DEPOSIT

The Ministry of Mines and Energy of the Republic of Namibia has renewed Forsys Metals Corp.'s Namibplaas EPL-3638 (exclusive prospecting licence), that forms part of its Norasa uranium project.

This licence has been renewed for a further two years until February, 2026. In September, 2022, Forsys also made an application to the ministry to convert EPL-3638 to a full 25-year mining licence (ML), and this submission is pending as ML-251. EPL-3638 remains in good standing while the ministry processes Forsys Metals' ML-251 submission.

"EPL-3638 covers a strategic land position with significant exploration upside," commented Pine Van Wyk, Forsys Metals' in-country director. "We greatly appreciate the ministry's continued support as we accelerate development of the Norasa project and continue to work closely with the ministry in obtaining the ML."

About Forsys Metals Corp.

Forsys Metals is an emerging uranium developer focused on advancing its wholly owned Norasa uranium project, located in the politically friendly jurisdiction of Namibia, Africa. The Norasa uranium project comprises the Valencia uranium deposit (ML-149) and the nearby Namibplaas uranium deposit (EPL-3638).

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