Mr. Patrick Elliott reports

FORTE MINERALS CORP. CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT OFFERING

Forte Minerals Corp. has successfully closed its oversubscribed non-brokered private placement, raising gross proceeds of $2.69-million.

A $2.4-million financing was initially announced on May 23, 2025. It was met with high investor demand, resulting in the issuance of 6,725,000 units at a price of 40 cents per unit and within the right of increase reserved by the company.

Each unit consisted of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at an exercise price of 60 cents until June 13, 2027.

The warrants are subject to an accelerated expiry if the company's shares close at or above 90 cents for 20 consecutive trading days, upon which the company may issue a notice accelerating the term of the warrants to a period of 30 days following such notice.

All securities issued are subject to a statutory hold period expiring on Dec. 14, 2025, in accordance with applicable Canadian securities laws.

In connection with the offering, the company paid total cash finders' fees of $97,120.00 and issued 231,550 finders' warrants, on the same terms as the warrants, to certain eligible parties.

Use of proceeds: The net proceeds of the offering will be used to advance exploration and corporate initiatives across Forte's portfolio, including:

• Pucarini: inaugural five-hole drill program (1,750-metre), targeting a high-sulphidation gold system; set to kick off in July of 2025;
• Esperanza: magnetotelluric (MT) survey to refine drill targeting;
• Alto Ruri: DIA drill permitting, surface geophysics (IP and CSMAT), sampling and community agreements;
• Working capital.

Insider participation: Certain directors and officers of the company participated in the offering, subscribing for a total of 50,000 units. This participation is considered a related party transaction under Multilateral Instrument 61-101. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(b).

President and chief executive officer Patrick Elliott commented: "We are proud to have closed this financing above our original target, which validates market interest in Forte's exploration strategy and our high-impact Peruvian copper-gold portfolio. We look forward to kicking off our summer drill program at Pucarini."

About Forte Minerals Corp.

Forte Minerals is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. The company's strategic partnership with GlobeTrotters Resources Peru SAC (GTR) grants us access to a comprehensive project pipeline, enabling the company to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development.

We seek Safe Harbor.