Forte Energy NL
LSE : FTE

August 18, 2009 03:40 ET

Sale of Millenium Copper Project

                                                                                                        
                                                                                         FORTE ENERGY NL
                                                                                         ACN 009 087 852
                                                                          ASX CODE:  FTE,  AIM CODE: FTE
                                                          Telephone: +618 9322 4071, Fax: +618 9322 4073
                                                                                                         
                                                                                      ASX and AIM Release
                                                                                          18 August 2009


                         Option Agreement for Sale of Millenium Copper Project
__________________________________________________________________________________


Forte Energy NL ("Forte Energy" or "The Company") (ASX: FTE, AIM: FTE) is pleased to announce that it  has
entered into an Option Agreement with Element Minerals Australia Pty Ltd ("Element") for the sale  of  the
Millenium Copper Project in Queensland, Australia.

Under  the  terms  of the agreement, Element will pay A$20,000 to Forte Energy for a six-month  option  to
acquire  the mining leases of the Millenium Copper Project, with an option to extend the agreement  for  a
further  six  months  for an additional A$20,000. The exercise price under the agreement  is  for  a  cash
payment  of  A$20,000  (during  the first option period) and, at Element's discretion,  either  ASX-listed
shares  to the value of A$160,000 in Element (subject to admission to ASX) or its parent company, Orocobre
Ltd (ASX: ORE) or an additional cash payment of A$160,000.

This agreement reinforces Forte Energy's strategy of concentrating on exploration of its uranium prospects
in Guinea and Mauritania, West Africa.







Mark Reilly
Managing Director


For further information contact:

Mark Reilly, Managing Director
Forte Energy N.L.                Tel: +618 9322 4071

Alastair Stratton/Tim Graham
Matrix Corporate Capital LLP     Tel: +44 (0) 203 206 7000

Conduit PR
Jos Simson/Ed Portman            Tel: +44 (0) 207 429 6603

Stuart Laing
RFC Corporate Finance Ltd        Tel: +618 9480 2506
(AIM Nominated Adviser to the Company)

Contact Information

  • Forte Energy NL