Mr. Cole McClay reports

FORGE RESOURCES FILES BUSINESS ACQUISITION REPORT SUPPORTED BY AUDIT AND INDEPENDENT VALUATION FOR AION MINING CORP, FULLY PERMITTED COAL PROJECT, COLOMBIA

Forge Resources Corp. has filed a business acquisition report on SEDAR+ related to the 40-per-cent position the company holds in Aion Mining Corp.'s fully permitted coal project in Santander, Colombia.

Cole McClay, chief executive officer of Forge Resources, states: "Completing the business acquisition report, audit and independent valuation marks a milestone for our company. This comprehensive analysis not only underscores our commitment to strategic growth, but also provides the support needed to drive forward with confidence and clarity."

Completion of audit

Aion Mining, in collaboration with Forge Resources, has successfully completed its audit of financial statements for the two fiscal years ending Dec. 31, 2022, and Dec. 31, 2023. The audit conducted by WDM Chartered Accountants confirmed the accuracy and reliability of the company's financial reporting. This successful audit underscores the company's commitment to accountability as it continues to advance its strategic initiatives and growth plans.

Completion of valuation

The company has recently completed an independent valuation conducted by Evans and Evans Inc., a chartered business valuator (CBV), which has affirmed the company's asset value. The comprehensive assessment, which included an in-depth analysis of the company's assets, market conditions, highlights the strong value proposition of Aion Mining. The valuation provides a clear and objective perspective on the company's financial standing and strategic positioning, offering valuable insights for potential future investment.

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. The company holds a 40-per-cent interest in Aion Mining, 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.

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