Mr. Cole McClay reports

FORGE RESOURCES CORP ANNOUNCES DESIGN PLANS FOR MINE PORTAL CONSTRUCTION AT LA ESTRELLA COAL PROJECT, COLOMBIA

Forge Resources Corp. has provided an overview of the design plans for the construction of a mine portal at the La Estrella coal project, located in Santander, Colombia. The new mine portal will be a critical development milestone for the project, providing essential infrastructure to support the future decline ramp and soil stability necessary for advancing underground bulk sampling mining exploration.

The La Estrella project, which holds significant coal deposit, represents a key asset in Forge Resources' growth strategy in Colombia. As previously announced on Nov. 20, 2024, Forge has started construction of the mine portal, which is anticipated to facilitate safe and efficient access to deeper coal seams, enabling further exploration, development and extraction activities.

Forge Resources continues to work closely with local stakeholders and regulatory authorities to ensure that all development activities are conducted in full compliance with Colombian regulations and best practices.

Key highlights of the mine portal design plans:

• Underground access: The portal will provide the initial access point for the construction of the decline ramp, which is necessary for the progression of the underground mining operations at La Estrella.
• Soil support infrastructure: The design includes specialized soil support systems that will ensure stability for the portal and the decline development, prioritizing safety and operational efficiency.
• Environmental and safety considerations: Forge is committed to adhering to the highest environmental and safety standards in all aspects of the portal construction, ensuring minimal impact on the surrounding areas and the health and safety of the work force.
• Timeline and next steps: As previously announced on Nov. 20, 2024, Forge has commenced construction of the mine portal, with the initial stage of decline development slated to begin shortly thereafter.

Cole McClay, chief executive officer of Forge Resources, states: "We are excited to move forward with this important step in the development of the La Estrella coal project. The construction of the mine portal is an integral part of our plans to unlock the full potential of this project. We are committed to responsible development and look forward to advancing the project while maintaining our focus on safety, sustainability and operational excellence."

Qualified person

Lorne Warner, PGeo, and 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 the Yukon Territory 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, 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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