Mr. Cole McClay reports

FORGE RESOURCES COMMENCES PILOT DRILLING FOR UNDERGROUND DECLINE DEVELOPMENT AT FULLY PERMITTED COAL PROJECT, COLOMBIA

Forge Resources Corp. has started pilot drilling to guide underground development of a 170-metre (m) decline at its coal project in Colombia, followed by a crosscut to access all coal seams to provide sufficient resources for the bulk sampling program.

Logan Drilling has been contracted to execute a pilot drilling operation aimed at assessing soil conditions for the planned decline.

Aion Mining Corp., with the support of Forge Resources, is advancing its Colombian metallurgical and thermal coal project with a strong focus on obtaining a revenue-generating bulk sample, a crucial step in the mining project development process, providing valuable data that will lead to informed decision-making and successful project outcomes.

Cole McClay, chief executive officer of Forge Resources, states: "We are excited to announce significant progress in our coal project in Santander, Colombia, now that weather-related delays have been mitigated. The dedication and expertise of our team, coupled with the rich resources of this deposit, ensure a promising future as we continue our efforts to deliver high-quality coal to meet growing global demands. We are confident that this project will drive substantial value and sustainable growth for our company and shareholders alike."

Bulk sampling

The company's comprehensive efforts in engineering, geotechnical analysis and site development are laying the groundwork for a bulk sampling program of an initial 20,000 tonnes. It is estimated the decline would give early access to approximately 200,000 tonnes of coal. The project is currently permitted 180,000 tonnes per year, which the company will advance toward after the initial bulk sample. Prices for metallurgical and thermal coal appear to have stabilized, and the company anticipates averaging around $200 to $250 per tonne for the bulk sample offtake. Offtake agreement for bulk sample is in place with one of the largest coal traders in Colombia on a free on truck basis.

The initial planned crosscut for the bulk sampling program will reach six coal seams: M200, M180, M160, M140, M120 and M110. Historical drilling has shown the quality of the coal GCV (gross calorific value) averaging 12,400 British thermal units with some samples reaching 13,900 British thermal units. Seams M160, M140 and M110 with metallurgical coal potential showing FSI of up to eight.

Bulk sampling provides a more detailed assessment of the deposit, which helps in refining the quantity and quality of resource estimates. This information is critical for planning the mining process and optimizing recovery rates. It will provide critical data related to mine design, processing methods and capital expenditures. In addition, the bulk sample potentially provides the company with revenue to advance the project.

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 (km) 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.