Forsys Metals Corp

Forsys Metals Corp

August 19, 2009 13:28 ET

Forsys Metals Corp.: GFI Investment Update

TORONTO, ONTARIO--(Marketwire - Aug. 19, 2009) - Forsys Metals Corp ("Forsys" or the "Company") (TSX:FSY)(FRANKFURT:FSY)(NSX:FSY) refers to its proposed plan of arrangement with George Forrest International Afrique S.P.R.L. ("GFI"). GFI has provided Forsys with a copy today of an unsolicited letter GFI received last night from Industry Canada (the "Notification"). The Notification states that GFI is prohibited from implementing the investment pending further notice from Industry Canada.

A further news release will be issued once we have been advised by GFI of the full impact, if any, of the Notification and determined the effect on the plan of arrangement with GFI.

On Behalf of the Board of Directors of Forsys Metals Corp

Duane Parnham, President and CEO

For further information visit our website at

Sedar Profile #00008536

Forward-Looking Information

This news release contains projections and forward looking information that involve various risks and uncertainties regarding future events. Such forward looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation's plans and objectives to differ materially from those expressed in the forward looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Corporation assumes no obligation to update forward looking information should circumstances or management's estimates or opinions change.

Outstanding: 78,985,231

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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