Mr. Cole McClay reports

FORGE RESOURCES CORP. ANNOUNCES START OF CONSTRUCTION ON MINE PORTAL AND UPCOMING EXECUTIVE SITE VISIT AT FULLY PERMITTED COAL PROJECT, COLOMBIA

Forge Resources Corp. will begin construction on the mine portal at Aion Mining Corp.'s La Estrella project located in Santander, Colombia.

The construction of the mine portal is proposed to begin by mid November, 2024. All necessary permitting and assessments are granted to commence the underground development. The portal will provide essential access for the extraction of high-grade metallurgical and thermal coal seams, enabling Forge to efficiently develop the underground decline and obtain potentially revenue generating a bulk sample of a minimum of 20,000 metric tonnes.

Cole McClay, chief executive officer of Forge Resources: "We are excited to officially commence construction on the mine portal, a crucial element of our development strategy. This portal serves as the gateway to our success and its timing aligns with our vision of transforming the project into a producing resource with the information gathered from the bulk sample."

In conjunction with this exciting development, Forge will be conducting an executive site visit on Nov. 12 to 13. Forge executives will review project progress and meet with the technical team to discuss the project's potential. This visit represents an opportunity at a development milestone to gain direct insights into operations and the strategic plans.

P.J. Murphy, chairman of Forge Resources: "I am looking forward to visiting the project site and witnessing firsthand the incredible opportunities that lie ahead. Meeting with our technical team will be invaluable as we explore the potential of this project and the positive impact it can have on our future. I am eager to engage with the talented individuals driving this project forward."

The executive team will also be engaging in strategic discussions focused on identifying additional Colombian coal concessions in various stages of the permitting process. This initiative aims to evaluate opportunities for expanding the coal project portfolio in line with the company's commitment to sustainable and responsible resource development. By assessing these concessions, Forge seeks to enhance its position in the global coal market.

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 the Yukon of Canada. The company holds a 40-per-cent interest, with an LOI (letter of intent) in place to acquire up to 60-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.

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