Mr. P.J. Murphy reports

FORGE RESOURCES ANNOUNCES THE COMMENCEMENT OF DRILLING AT ALOTTA, YUKON

Forge Resources Corp. has commenced drilling at Alotta project, Yukon, and the company's flow-through financing has closed oversubscribed and the company has issued options.

The drill crews commenced drilling on the evening of June 2. The first hole (ALT-25-007, azimuth 310, dip: -50) has an anticipated depth of 300 metres. Early observations are promising, revealing strong mineralization within the top 25 metres of the hole, with significant veining and favourable alteration. Patchy biotite alteration, moderate local silicification, disseminated pyrite and deeper occurrences of sericite have been observed. The majority of veining hosts pyrite, minor chalcopyrite and chalcopyrite-molybdenite veins.

Drilling has now intersected a 50-metre-wide zone of intense silicification, sericite, pyrite and localized chlorite alteration. This area represents a textbook phyllic alteration zone, characterized by abundant disseminated pyrite, narrow quartz breccias and pyrite stringers.

Lorne Warner, PGeo, president of Forge Resources, states: "We are thrilled to announce that our first drill hole at the Alotta project has revealed significant veining and highly favourable alteration within the top 25 metres. This includes a well-developed phyllic alteration zone, which aligns perfectly with our geological model. These exciting results mark a promising start, and we eagerly anticipate further discoveries as drilling continues."

Pad building is underway to facilitate stepout drilling in the Payoff zone for planned holes, ALT-25-008/009). The Payoff zone is host to hole ALT-23-001 that intercepted 211.65 metres of 0.46 gram/tonne gold from the 2023 maiden drill program.

The company remains committed to keeping its stakeholders informed and will provide further updates as new information becomes available.

Drill plan recap for spring/summer 2025

As announced on April 16, 2025, the Forge technical team, in collaboration with Archer Cathro and Associates, has designed a summer exploration program comprising of up to 4,000 metres of diamond drilling across 12 proposed diamond drill holes, each with an average depth of 300 to 350 metres. These efforts will be directed toward stepout drilling within the Payoff zone and untested coincident geophysical and geochemical anomalies across a four-kilometre-by-one-kilometre area. The company's drill plan for the 2025 season intends to evaluate the most promising drill locations based on their respective merits to test for porphyry-style mineralization.

Additionally, the company plans to undertake further reconnaissance drilling on the Payoff target areas this season. This zone exhibits substantial surface mineralization, with highly anomalous concentrations of gold, copper and molybdenum identified from rock and soil samples. These targets represent areas of the property where significant (greater than one gram per tonne gold) rock values have been observed on the surface.

Financing closing

Forge Resources has closed its previously announced non-brokered flow-through financing, oversubscribed non-brokered flow-through private placement and will issue 1,940,152 units at a price of 66 cents per unit for aggregate gross proceeds of $1,280,500.32. This amount surpassed the company's previously announced target of $1-million.

Each unit consists of one flow-through common share in the capital of the company and one-half of one transferrable non-flow-through common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company for a period of two years following the issuance thereof at an exercise price of $1.00 per warrant share. The warrants are subject to an acceleration clause, in the event that the trading price of the shares on the Canadian Securities Exchange (the CSE) reaches $1.50 or more for a period of 15 consecutive trading days, the company may, at its option, accelerate the warrant expiry date by delivering notice to the holders of such warrants thereof by issuing a press release, and, in such case the warrant expiry date shall be deemed to be 5 p.m. (Vancouver time) on the 30th day following the date of the issuance of the warrant acceleration press release. Upon closing of the offering, the company paid finders' fees to one finder consisting of a cash commission of $60,000 and 90,909 warrants exercisable for a period of two years from the closing of the private placement at a price per share of 66 cents.

The gross proceeds from the units will still be utilized for incurring Canadian exploration expenses and flow-through mining expenditures. All securities issued are subject to a statutory holder period of four months and one day from the date of issuance.

Issuance of options

The company also announces the issuance of 400,000 options to certain consultants of the company. Each option allows the holder to purchase one common share of the company upon the terms and conditions of the option agreement. The options are exercisable over a two-year term expiring on June 5, 2027, at a price per share of 56 cents.

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.

In addition, the company holds an 80-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.