Mr. P.J. Murphy reports

FORGE RESOURCES ANNOUNCES THE APPOINTMENT OF KEVIN BUDD AS A SPECIAL ADVISOR

Forge Resources Corp. has appointed Kevin Budd as a special adviser.

Mr. Budd brings over 25 years of global leadership experience in the capital markets, with a proven record in corporate development, governance and strategic growth. Mr. Budd founded Monashee Capital Corp. in 2003. Monashee Capital Corp. is an advisory firm with experience in M&A (mergers and acquisitions), corporate finance, succession planning, board governance, and general strategic and business advisory services.

Mr. Budd has advised on a wide variety of strategic and corporate finance mandates over the past two-plus decades and has served on a variety of private advisory boards for businesses and family offices.

Mr. Budd was previously a senior officer and vice-president of Methanex Corp., where he gained strong operating and financial experience assisting the development of Methanex into a global leader. Mr. Budd offers expertise in operations, manufacturing and sales leadership and negotiating transactions in North America, Europe and Asia. Previous to that he served in a variety of international sales and marketing roles in the specialty metals and chemicals industries.

"We are thrilled to welcome Kevin as a special adviser," said P.J. Murphy, chief executive officer of Forge Resources. "His extensive experience in finance, project advancement, acquisitions and corporate governance will provide invaluable guidance as we advance our coal project in Colombia and continue exploration in our district-scale gold-copper porphyry project in the Yukon. Kevin's insight and leadership will strengthen Forge's strategic positioning and help unlock long-term value for our shareholders."

Mr. Budd received a BASc (honours) in mechanical engineering from the University of Waterloo and an MBA through the University of British Columbia and the London Business School (United Kingdom). He completed advanced management programs through Mahler Executive Leadership, the Center for Creative Leadership, Stanford Graduate School of Business and Harvard Business School. Mr. Budd has completed the partners, directors and senior officers program through CSI.

"I look forward to providing some guidance to the Forge Resources team at such an exciting and pivotal time in its growth," said Mr. Budd. "The company's portfolio and vision present a potentially excellent opportunity, and I look forward to learning more and contributing to the future success."

Options and restricted share units

The Company will be granting 250,000 stock options to Mr. Budd at an exercise price of 34 cents per share for a period of five years from the date of grant. In addition, the company will also grant an aggregate of 1.4 million stock options to directors and officers of the company, exercisable at 34 cents per share, for a period of five years, and award 470,000 restricted share units (RSUs) to an officer, in accordance with the company's omnibus equity incentive plan that was passed by shareholders at the annual general and special meeting held on July 9, 2026. The RSUs will vest on Jan. 24, 2027, with the redemption date (as defined in the omnibus plan) being May 24, 2027, subject to the company's right to settle the vested RSUs prior to the redemption date, in which case any shares issued upon settlement will be subject to a hold period of four months and one day.

The company confirms that an aggregate of 1.85 million stock options have been cancelled. Of these, 1.1 million options were cancelled on Aug. 11, 2026, had an exercise price of 89 cents and were initially set to expire on Feb. 10, 2030, and 750,000 stock options were cancelled on Aug. 21, 2026, had an exercise price of 74 and were initially set to expire on Oct. 15, 2030. The cancelled options were previously granted to officers of the company.

About Forge Resources Corp.

Forge Resources is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 kilometres southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in Yukon, Canada.

In addition, the company holds an 80-per-cent interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.

We seek Safe Harbor.