Mr. Martin Rowley reports

FORSYS METALS ANNOUNCES STRATEGIC LEADERSHIP CHANGE TO DRIVE TRANSFORMATIONAL GROWTH

Forsys Metals Corp. is proposing changes to its board and executive leadership team, positioning the company to capitalize on strong global momentum supporting nuclear energy.

Highlights

Highly experienced and successful uranium industry leader and proven team builder, John Borshoff, to join Forsys with a strategy focused on growing the company into a global uranium enterprise.

Mr. Borshoff will commence as chief executive officer, president and executive director immediately following the company's forthcoming annual and special shareholders meeting to be held on July 31, 2026, if elected by shareholders at the meeting and subject to the shareholder approvals and Toronto Stock Exchange approval described below.

Until the meeting, Mr. Borshoff will act as interim president and will be involved in the day-to-day management of the company, including commencing implementation of the company's new strategic plan.

Value creation strategy to deliver Forsys's new growth objectives and enhance shareholder value, benefiting from Mr. Borshoff's past successes in the uranium sector:

• Advance the company's wholly owned Norasa uranium project in Namibia toward development readiness;

• Commence concurrent evaluation for strategic mergers and acquisitions to build a diverse project pipeline of development and production options in a resource-constrained uranium market experiencing rising global energy demand and future uranium supply shortage;

• Build a team to successfully deliver the company's vision.

Forsys chairman Martin Rowley and Mr. Borshoff will host an investor webinar tomorrow, Tuesday, June 16, at 8 a.m. EDT (8 p.m. AWST/10 p.m. AEST) with details outlined in the announcement.

Mr. Borshoff is a highly regarded leader in the global uranium industry, with an unrivalled record of creating exceptional shareholder value, exemplified by his leadership at Paladin Energy Ltd. and Deep Yellow Ltd. One of the world's most experienced uranium mining executives, Mr. Borshoff has spent more than 50 years building uranium companies from exploration through development to production, creating successful mining operations and earning global recognition for achievements that have helped shape the modern uranium industry.

In 1993, Mr. Borshoff founded Paladin, which he grew from a junior explorer into a multimine $5-billion (Australian) uranium producer. Mr. Borshoff led the team that completed the drill-out, feasibility studies, financing, construction, commissioning and safe operation of Langer Heinrich and Kayelekera, the first two new conventional uranium mines built in the world in the last 20 years.

In late 2016, Mr. Borshoff was appointed as managing director/CEO of Deep Yellow. Over the subsequent nine years, he transformed Deep Yellow from a $10.7-million (Australian) junior explorer to a $2.3-billion (Australian) development business with two long-life greenfield projects in Namibia and Australia (with the Australian project acquired via its 2022 merger with Vimy Resources Ltd.) culminating in the completion of a definitive feasibility study of the flagship Tumas project in Namibia in 2024 and commencement of detailed engineering work in 2025 to facilitate the final investment decision.

Shareholder and Toronto Stock Exchange approval

The commencement of Mr. Borshoff as president/CEO and executive director is subject to shareholders approving the equity incentive component of Mr. Borshoff's consulting package, shareholders approving the company's amended and restated omnibus incentive planand receipt of TSX acceptance or approval for the proposed security-based compensation arrangements, grants or issuances. No incentive securities will be issued unless and until the applicable shareholder approvals and TSX approval have been obtained.

The company will seek the necessary shareholder approvals at the meeting.

The management information circular for the meeting will include disclosure of the material terms of the proposed equity incentive component, including the number and type of securities issuable, vesting and exercise terms, expiry, any insider participation and any disinterested shareholder approval required under TSX rules.

Until the shareholder approvals and TSX approval and all other regulatory approvals are obtained, Mr. Borshoff will be working with the current board on strategic direction and key operational priorities in his interim capacity, and no incentive securities will be issued.

Other board Changes

If the shareholder approvals and TSX approval are obtained, Mr. Borshoff is elected as a director at the meeting and Mr. Borshoff commences on a permanent basis as the company's president and CEO and Executive director, Mark Frewin has agreed to step down as CEO at the meeting but will continue as a non-executive director; and Stefano Roma and Jorge Estepa have agreed to retire from the board at the meeting. Mr Estepa will continue as corporate secretary; and Mr. Rowley will continue as chairman of the company and Mr. Pierfranco Malpenga and Knowledge Katti will continue as directors.

The Norasa uranium project has potential for development but requires further targeted evaluation to become development ready.

The company will accelerate its efforts to move the Norasa uranium project forward so Forsys can be in a position to make development decisions that capture the potential value available from supplying into a highly constrained uranium market.

Strategic acquisitions

Forsys intends to evaluate a range of opportunities across several jurisdictions to identify undervalued, high-potential uranium resources that could enhance Forsys's exposure to a strengthening uranium market and build a more diverse portfolio with growth opportunities.

Name change

As part of the reinvigoration of the company, a name change for Forsys will be presented to shareholders for approval at the meeting. The implementation of any name change, and any related change to the company's trading symbols or security identifiers, will be subject to receipt of any required TSX and other regulatory approvals.

Mr. Rowley commented: "Today's announcement is a pivotal moment for our company. We are fortunate to have been able to secure the services of John Borshoff who brings significant experience and growth potential to our business. His refreshed strategic direction offers a clear vision for growth that we know John and the team have the ability to translate into disciplined execution."

Mr. Borshoff commented: "I am delighted to be given the opportunity to lead another uranium company that I believe has significant unrealized potential. Forsys is undervalued compared to its peers, and having spent time evaluating opportunities, I see potential upside in both developing the company's existing asset base and introducing other disciplined growth strategies through M&A."

Investor webinar

Forsys will be holding an investor webinar and conference call for shareholders and interested stakeholders on Tuesday, June 16, at 8 a.m. EDT (8 p.m. AWST/10 p.m. AEST).

Participants will need to preregister for the call using the links below. Participants will receive a calendar invite and a unique code which is to be quoted when dialing into the call via a phone line.

To ask a question, participants will need to dial into the conference call and dial "*1" (star, 1) on their telephone keypad.

Phone line preregistration link on-line.

To register for the webinar-only portion of the call, please visit the webinar's website.

About Forsys Metals Corp.

Forsys Metals is an emerging uranium developer focused on advancing its wholly owned Norasa uranium project, located in the politically and uranium friendly jurisdiction of Namibia, Africa. The Norasa uranium project comprises the Valencia uranium deposit (ML-149) and the nearby Namibplaas uranium deposit (EPL-3638).

We seek Safe Harbor.