Mr. Cole McClay reports

FORGE RESOURCES ANNOUNCES DISCOVERY OF FURTHER PORPHYRY STYLE MINERALIZATION AT UNTESTED AREAS, EXPANDS LAND PACKAGE BY 55%, ALOTTA PROJECT, YUKON

Forge Resources Corp. has released assay results from the completion of the 2024 1,815-metre diamond drilling program, discovering additional porphyry style mineralization at previously untested targets. The company tested the Payoff and Severance areas, known for anomalous-in-soil gold, copper and molybdenum concentrations. The company has also expanded its land package around the Alotta porphyry target.

Lorne Warner, PGeo, president of Forge Resources, states: "The aggressive stepout drilling program has proven the existence of a large porphyry system. We are thrilled to see the extent of the near-surface mineralization throughout the areas that we have explored to date. As we proceed with our operator, Archer, Cathro & Associates, we are making excellent progress towards achieving higher gold grades and understating the true potential of the Alotta project."

Phase 1 highlights

Completion of 1,815 metres of drilling in four holes at the previously untested Payoff and Severance areas, and represent 500- and 1,000-metre stepouts from the inaugural successful 2023 drilling program, which intersected 211.65 metres grading 0.46 g/t gold from drill hole ALT-23-001

Every diamond drill hole completed on the property has intercepted potentially economic gold concentrations, most of which occur near the surface. Gold mineralization is occurring in several phases of the porphyry system. Higher-grade gold mineralization is associated with quartz-sericite-pyrite (QSP) alteration consistent with higher and/or flanking portions of porphyry deposits.

Next steps at Alotta:

• Compilation work will better define target areas of suspected widespread quartz-sericite-pyrite (QSP) alteration.
• Core specimens are collected for K-spar (potassic) staining to determine if there is a relationship between potassic alteration and gold.
• The company will advance future drill programs with shorter holes ranging from 250 to 300 metres each to test more high-priority undrilled targets over the 1.0 by 4.0 km prospective target area.
• The next drilling phase is proposed to start at the untested Alimony target area, which has drill pads already established. The drill will then move to the commission target area requires drill testing as it hosts a sizeable copper-gold soil anomaly.

Drilling -- Payoff area

The first holes of the 2024 drill program were completed at the Payoff zone, located approximately 500 m north of the 2023 drilling, to expand on inaugural drilling results from 2023, which intersected 211.65 metres grading 0.46 g/t gold from drill hole ALT-23-001 and 99.14 metres grading 0.30 g/t gold from ALT-23-002. The Payoff area is characterized by significant surface mineralization comprising strongly elevated gold, copper and molybdenum soil anomalies, and rock samples up to 8.73 g/t gold and 166 ppm (parts per million) molybdenum.

Hole ALT-24-001 was collared 560 m to the north of ALT-23-001 to test below rock samples at the Payoff zone that returned up to 8.73 g/t gold and an underlying geophysical chargeability high anomaly. Hole ALT-24-001 reached a depth of 402 m. The hole intersected widespread silicification and sericite alteration cut by millimetre-scale to centimetre-scale quartz veins hosting pyrite. Stronger silicification and veining were observed locally in the top portion of the hole, which corresponds to more substantial gold grades. Table 1 summarizes gold assay highlights from drill holes ALT 24-001.

Hole ALT-24-002 was collared 150 m to the southeast of ALT-24-001 to further test below the Payoff zone and test deeper into the underlying chargeability anomaly. Hole ALT-24-002 was drilled to a final depth of 501 m and intersected similar lithologies as ALT-24-001. Silicification and sericite alteration were not as abundant as found in ALT-24-001 and are more localized to the upper parts of the hole and correspond with elevated gold grades. Table 2 summarizes gold assay highlights from drill holes ALT 24-002.

Drilling -- Severance area

Holes ALT-24-003/004 were collared approximately 1,200 metres east of Payoff area drill holes ALT-24-001/002, ending at 405 and 507 metres, respectively. The primary purpose of these holes was to test an area of anomalous molybdenum, copper and gold-in-soil geochemistry. Both holes encountered mineralization throughout their entire lengths and in several intrusive phases; however, silicification and sericite alteration that appears to be associated with high-grade gold values were sporadic.

Tables 3 and 4 summarize gold assay highlights from drill holes ALT 24-003/004, respectively.

Forge expands land package by 55 per cent

Since June 15, 2024, Forge has staked 134 claims, totalling 2,797 hectares (27.97 square kilometres), increasing the Alotta project by 55 per cent. The claims were staked to cover prospective soil geochemistry and geophysical signatures that were off the claim block. The property now covers a total area of 4,343 hectares (43.43 square km).

Quality assurance/quality control

Core was systematically logged for geological and geotechnical attributes and photographed at a core logging facility at the Alotta property. Sample lengths were as small as 0.5 m to isolate features of interest. Otherwise, one- or two-metre-long sample lengths were used as a standard length unless otherwise needed. Each sample was labelled using a unique sample tag number. The core was cut in half lengthwise using a diamond saw along a marked cut line, and half of each interval (same half, consistently) was shipped to the lab for analysis, while the remaining half was retained on location.

All geochemical analysis and analytical work were completed by ALS Ltd., with sample preparation in Whitehorse, Yukon, and geochemical analyses in North Vancouver, B.C. Core samples were fine crushed before a 250-gram split was pulverized to over 85 per cent, passing 75 micrometres. Core samples were analyzed for gold by the PGM-ICP24 procedure, which involves fire assay preparation using a 50-gram charge with an inductively coupled plasma-atomic emission spectroscopy finish (ICP-AES). The ME-MS61 procedure determined multielement data for 48 elements involved a four-acid digestion followed by ICP-AES and inductively coupled plasma-mass spectrometry. Core was systematically logged for geological and geotechnical attributes and photographed at a core logging facility at the Alotta property. Sample lengths were as small as 0.5 m to isolate features of interest. Otherwise, one- or two-metre-long sample lengths were used as a standard length unless otherwise needed. Each sample was labelled using a unique sample tag number. The core was cut in half lengthwise using a diamond saw along a marked cut line, and half of each interval (same half, consistently) was shipped to the lab for analysis, while the remaining half was retained on location.

Forge adheres to rigorous procedures regarding sample collection, a chain of custody and data entry. Certified assay standards, duplicate samples and blanks are routinely inserted into the sample stream to ensure the assay process's integrity. All diamond drill samples in this news release have passed the QA/QC procedures described herein.

The results referenced in this release represent highlight results only. Below detection values for gold and copper have been encountered in drilling, rock and soil samples in these target areas.

Qualified person

Lorne Warner, PGeo, president of Forge Resources, is a qualified person as defined by National Instrument 43-101 and has 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 the Yukon Territory of 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.