Forsys Metals Corp
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Forsys Metals Corp

May 17, 2006 09:36 ET

Forsys Reports Uranium Intersections At Valencia

TORONTO, ONTARIO--(CCNMatthews - May 17, 2006) - Forsys Metals Corp (the "Company" or "Forsys")(TSX VENTURE:FSY) is pleased to report analytical results for two re-sampled historical drill holes; VA26-093 and VA26-100 from the Company's Valencia Uranium deposit, Namibia. To date, Forsys has completed nineteen diamond drill holes, totaling 6037 m, on the Valencia Main and East zones.

The original analytical data and geological logs for drill holes VA26-093 and VA26-100 is missing from the historical drill hole data base. The remaining portions of each were re-logged and sampled. These holes are located within the Main Zone of the Valencia Deposit.

Drill hole VA26-093 intersected four separate zones of uranium mineralization even though 150m of the historical core is missing and accordingly, assays could not be completed:

- 6.67 m grading 0.489 kg/t U3O8 from 46.30 m to 52.97 m.

- 7.58 m grading 0.257 kg/t U3O8 from 66.07 m to 73.65 m.

- 6.88 m grading 0.318 kg/t U3O8 from 84.21 m to 91.09m.

- 7.41 m grading 0.223 kg/t U3O8 from 248.05 m to 255.46 m.

Drill hole VA26-100 intersected two separate zones of uranium mineralization:

- 5.62 m grading 0.408 kg/t U3O8 from 213.41 m to 219.03 m.

- 16.59 m grading 0.401 kg/t U3O8 from 236.93 m to 253.52 m.

The reader is referred to the Forsys website for updated drill hole plan and section maps. The three Main Zone sections are complete with analytical data.

Rick Bonner, P. Geol., Exploration Manager of Forsys, is the designated Qualified Person responsible for all of Forsys' exploration programs as well as the person responsible for the contents of this news release.

Shares Outstanding: 45,197,935

To view the Valencia Main Zone Section Map, please click on the link below:

http://www.ccnmatthews.com/docs/forsysmap_jpeg.jpg

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

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