Mr. Pine van Wyk reports

FORSYS ANNOUNCES COMMENCEMENT OF EXPANSION DRILL PROGRAM AT NAMIBPLAAS

Forsys Metals Corp. has commenced a drill program comprising 64 drill holes at its Namibplaas uranium property for approximately 12,500 metres (m), having now satisfied all regulatory and statutory requirements to access Portion 1 of farm Namibplaas No. 93, which was acquired by the company's fully owned subsidiary Valencia Uranium Pty. Ltd. in December, 2024 (please refer to news release dated Jan. 6, 2025).

The property hosts the Namibplaas uranium deposit under exclusive prospecting licence (EPL-3638), which, together with the Valencia uranium deposit under mining licence (ML-149), comprise the Norasa uranium project.

The principal objectives of this program are to infill and upgrade the existing Namibplaas mineral resource to the measured and indicated category and test down dip mineralization potential (drill target 1: Area B); and to conduct reconnaissance drilling on new sites on EPL-3638 in Area A to evaluate the potential to expand Norasa's mineral resource base (drill target 2: Area A).

The Norasa uranium project is wholly owned by the company's 100-per-cent subsidiary Valencia Uranium and comprises Valencia uranium deposits under a 25-year mining licence (ML-149) valid until 2033 and renewable and Namibplaas uranium deposit (under EPL-3638), both located in the Erongo region of Namibia, Africa.

Drill target 1; Area B

The company has planned a 44-drill-hole, approximately 9,350-metre drill program designed to identify and support a potential upgrade of the currently classified inferred resource to measured and indicated by reducing the drill spacing and increasing the proportion of resource drill holes that have both down hole gamma and laboratory assay results. Currently, the overall Namibplaas resource is classified as inferred due to a low ratio of XRF-assayed samples within an historic population of predominantly down hole gamma equivalent data.

The majority of the 44 drill holes are planned along the eastern margin of the deposit. A further 12 drill holes (circa 1,915 metres) are planned for geotechnical drilling and geometallurgical sampling at Namibplaas.

Additional drill holes at Namibplaas Area B planned by MSA (ground scintillometer overlay)

Drill target 2: Area A

The Namibplaas resource has been defined on the historic radiometric Anomaly B whereas higher radiometric signatures occur approximately two kilometres to the west at Anomaly A. The strength of the Anomaly A radiometric signature is attributed to prominent thorium concentration on surface, which was established from surface sampling. This target has potential to significantly augment the Norasa resource base in tonnage and grade.

A further 1,000 metres in eight drill holes have been laid out to test drill target 2 situated at Anomaly A. There is a high total count of scintillometer signatures in parts of this area which bears significant potential for mineralization as the uranium is regularly leached out on surface, leaving mainly thorium in the outcrop. Anomaly A lithologies are granitic, similar to the uranium deposits on the neighbouring farm Valencia and the rocks constituting Anomaly B and the Namibplaas uranium resource. To date sampling has been limited to the surface and no drilling has taken place in the anomalous area.

An initial reconnaissance drill program will test for uranium mineralization in fresh rock, below 50 m depth. The target area has rugged terrain which necessitates some earthmoving and road building prior to mobilizing drilling equipment.

Namibplaas ground scintillometer survey superimposed onto aerial radiometric imagery.

The company will provide further updates on its continuing studies as they become available.

Qualified persons statement for mineral resource

The information in this release that relates to the interim drilling results for the Norasa project is based on information compiled or reviewed by Dr. Guy Freemantle of The MSA Group Pty. Ltd., Johannesburg, South Africa. The MSA Group are independent consultants to the Norasa project, Namibia. Dr. Freemantle holds a bachelor of science in geology and a PhD in geology, both at the University of the Witwatersrand. He is a member of the Society of Economic Geologists (892905); a fellow of the Geological Society of South Africa (965392); and is registered with SACNASP (registration 117527). Dr. Freemantle has practiced his profession continuously for 14 years and has sufficient experience and knowledge that is relevant to the style of mineralization and type of deposits under consideration as well as to the activity that is being undertaken to fulfil requirements of a qualified person as per National Instrument 43-101. Dr. Freemantle consents to this release in the form and context in which it appears.

About Forsys Metals Corp.

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

We seek Safe Harbor.