Mr. Cole McClay reports

FORGE RESOURCES ANNOUNCES COMPLETION OF PAYOFF ZONE DRILLING, CONFIRMING PORPHYRY STYLE MINERALIZATION

Forge Resources Corp. has completed the first two 2024 planned drill holes at Alotta, both showing porphyry-style mineralization. The continuation of the phase 1 drilling program is on schedule, with holes ALT-24-001 and ALT-24-002 completed to a depth of 402 metres and 501 metres, respectively. Drill hole ALT-24-003 has now commenced, testing the Severance zone.

Hole ALT-24-001 -- azimuth 135/minus-50-degree dip -- was the first hole to drill test the Payoff zone, where strongly anomalous rock samples (up to 8.7 grams per tonne gold) were sampled over a 200-metre-by-300-metre area. ALT-24-001 appears to have a higher concentration of pyrite stringers than what was observed in two November, 2023, drill holes. In November, 2023, two drill holes were completed on the property, which confirmed the porphyry-style nature of mineralization.

Hole ALT-24-002 -- azimuth 230/minus-60-degree dip -- was proposed to test possible west-northwest-trending structures related to mineralization. Porphyry-style mineralization was again encountered. Alteration and associated disseminated and fractured controlled sulphide mineralization is increasing to depth.

Lorne Warner, PGeo, president of Forge Resources, commented: "Every drill hole completed is bringing us closer to understanding the controls to the mineralization at Alotta. We have now started drilling at the untested Severance zone, which has extensive and highly anomalous multielement soil geochemistry. The three proposed holes will test across entire anomalous soil geochemistry in the central area of the Alotta zones."

As announced on Feb. 24, 2024, hole ALT-23-001 intercepted 211.65 metres of 0.46 gram per tonne gold from the first-ever diamond drill hole on the property.

Review of ALT-23-001 intercept area hosting the 211.65 metres of 0.46 gram per tonne gold:

• Hosted in semi-crowed, quartz-plagioclase porphyry;
• Indicates that silica-filled fractures hosting sulphide mineralization occur in areas of higher-grade gold concentrations;
• Semi-massive, polymetallic veins can contain high-grade gold concentrations.

The Alotta property consists of 96 mineral claims that cover approximately 1,926 hectares that is located 50 kilometres southeast of Western Copper and Gold's Casino deposit. The Casino deposit is one of the most economic, greenfield copper-gold mining projects in the world and is ranked as one of the top 10 largest, undeveloped copper-gold porphyry deposits in the world. Western Copper and Gold announced on April 30, 2024, the completion of its bought deal public offering with gross proceeds of $46-million. Subsequently, on May 6, 2024, it announced the completion of a further $5-million financing with Rio Tinto.

Qualified person

Lorne Warner, PGeo, president of Forge Resources, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

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 a 40-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.