Mr. P.J. Murphy reports

FORGE RESOURCES UPDATES ON 2025 DRILL PROGRAM WITH INITIAL CORE OBSERVATIONS AT ALOTTA PROJECT, YUKON

Substantial porphyry-style alteration, mineralization, as well as associated veining and microveining, have been identified in the holes Forge Resources Corp. has drilled to date.

As of the evening of June 11, three diamond drill holes (ALT-25-007/ALT-25-008/ALT-25-009) have been completed and drilling is expected to commence on the fourth hole (ALT-25-010) in the morning of June 12.

The objective of this year's diamond drilling program is to test all targets within the four-kilometre (km) target area, many of which have not been previously drill tested. The planned drill holes will focus on several priority geochemical and geophysical anomalies along the four-kilometre trend. These areas are located near the core of soil and geophysical anomalies, where previous rock sampling confirmed the presence of copper and gold mineralization.

Quick log observations

All drill holes are currently testing within Whitehorse Suite granodiorites in areas with known geochemical/geophysical anomalies, indicating potential porphyry-style mineralization.

ALT-25-007 -- completed

Severance zone

Drill orientation:  azimuth of 310 degrees/dip of 60 degrees

Total depth:  302 metres (m)

Zero to 100 m:  strong pervasive and fracture-controlled alteration -- quartz/pyrite/sericite/chloritic with disseminated pyrrhotite, veining-veinlets of quartz-pyrite/molybdenite, pyrite, trace chalcopyrite

100 to 302 m:  same as above with alteration being moderate and slightly less observed mineralization

Noted from site:  "The entirety of the drill hole displays recurring alteration, veining and the presence of sulphides, indicating the presence of a potentially significant hydrothermal system in the area of the Severance zone. Current interpretations suggest this area may be part of a hydrothermal vein system."

ALT-25-008 -- completed

South Payoff zone

Drill orientation:  azimuth of 135degrees/dip of 60 degrees

Total depth:  276 m

Zero to 90 m:  weak to moderately altered quartz-feldspar porphyry

90 to 276 m:  same as above except chloritic alteration overprinting

Sulphide polymetallic sulphide veins at 34 and 118 metres. Pyrrhotite higher concentrations both disseminated and fracture controlled.

Results of previous exploration and mineralization

In 2023 and 2024, Forge Resources has previously completed six widely spaced diamond drill holes, totalling 2,659 metres. All holes encountered significant gold, copper and molybdenum mineralization typically associated with quartz-sericite-pyrite alteration within semi-crowded to crowded quartz-plagioclase porphyry. Mineralization includes disseminated and fracture-controlled pyrite, pyrrhotite, along with minor chalcopyrite and molybdenite linked to quartz veins and micro-veins. Compilation of previous drilling data indicates potentially economic mineralization correlated with coincident induced polarization, chargeability highs, moderate-to-high resistivities and magnetic lows.

Proximity to proven resources

The Alotta property now consists of 230 mineral claims that covers approximately 4,723 hectares in a similar geological setting to Western Copper and Gold's Casino deposit, which is located 50 km to the southeast. The Casino deposit is one of the most economic, greenfield copper-gold mining projects in the world, which is ranked as one of the top 10 largest, undeveloped, copper-gold porphyry deposits in the world.

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 consisting of 230 mineral claims that cover 4,723 hectares, located 50 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 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.

Qualified person

Lorne Warner, president, PGeo, 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.

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