Mr. Richard Parkhouse reports

FORSYS ANNOUNCES C$10.0 MILLION BOUGHT DEAL PRIVATE PLACEMENT

Forsys Metals Corp. has entered into an agreement with Red Cloud Securities Inc., as sole underwriter and sole bookrunner, pursuant to which Red Cloud has agreed to purchase for resale, on a bought deal basis, 17,858,000 units of the company at a price of 56 cents per unit for gross proceeds of $10,000,480.

Each unit will consist of one Class A common share of the company and one-half of one Class A common share purchase warrant. Each whole warrant shall entitle the holder to purchase one Class A common share of the company at a price of 80 cents at any time on or before that date which is 36 months after the closing date (as herein defined).

The company will grant to Red Cloud an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 3,572,000 units at the offering price for additional gross proceeds of up to $2,000,320. The underwritten offering and the securities issuable upon exercise of the overallotment option shall be collectively referred to as the offering.

The company intends to use the net proceeds of the offering to finance the advancement of the company's Norasa project in Namibia and for working capital and general corporate purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the units under the offering will be offered for sale to purchasers resident in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan and Ontario (and, with the consent of the company, in Quebec) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The unit shares and the warrant shares underlying the units are expected to be immediately freely tradable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada under the listed issuer financing exemption. The units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended. All securities not issued pursuant to the listed issuer financing exemption will be subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the closing date.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The offering is scheduled to close on Oct. 16, 2025, or such other date as the company and Red Cloud may agree. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

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 comprises the Valencia uranium deposit (ML 149) and the nearby Namibplaas uranium deposit (EPL 3638).

We seek Safe Harbor.