Forte Energy NL
LSE : FTE

February 15, 2012 02:30 ET

Assay Results Confirm Depth Extensions at A238 in Mauritania

                                                                                           Forte Energy NL
                                                                                                          
                                                                                           ACN 009 087 852
                                                                                                       
                                                                                ASX, AIM and Media Release
15th   February 2012
                                                     

Assay results in Mauritania confirm extensions at depth at the A238 Prospect.

International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased
to announce that the drilling campaign at the A238 Prospect has been completed and further assay results
have confirmed mineralisation at depth below the existing resources.

An initial Reverse Circulation (RC) programme of 3,000m was started at the Hassi Baida calcrete area on
the 6th February and is scheduled to be completed by the end of February.


Highlights - Mauritania
   *       Initial drilling programme at A238 completed with 63 holes totalling 8,567m.
   *       Further assay results from seven longer holes have confirmed mineralisation at depth below the
           current resource model.
           Notable intersections include:
                 -       RC132:       14m @ 274ppm U
                 -       RC134:       16m @ 377ppm U
                 -       RC135:        6m @ 299ppm U
                 -       RC137:        7m @ 255ppm U
                 -       RC139:        7m @ 646ppm U
                                       4m @ 437ppm U
                                       4m @ 399ppm U
                                       7m @ 273ppm U
                 -       RC143:       10m @ 485ppm U
                                       6m @ 415ppm U
                     
   *       Approximately 75% of the assay results have been received with the remainder due before the end 
           of March.
   *       Compilation of the A238 resource upgrade started and scheduled to be completed by the  end  of
           March.


Mauritania

Following the initial assay results released on the 23rd January for the first 36 holes drilled at the A238
Prospect, the Company has now received further assay results from the Stewart Group Laboratories in Ireland
from another seven RC holes from the 63 hole programme at the A238 Prospect.


To view Figure 1: A238 RC drilling, please open the following link in a new window:
http://media3.marketwire.com/docs/forte_1.pdf                                                    


The  seven  RC holes were the first of a series of holes planned to the north east and south  west  of  the
existing  resource  outline  to determine the potential extension of the mineralisation  at  depth  through
deeper  angled  holes. The assay results confirm mineralisation in the central area between  cross  section
profiles L45 and L58, (approximately 0.7km of strike extent) extending down to over 200m below surface  and
to over 250m on profile L56 in RC 134.

On cross section profile L56 (see Figure 2), two scissors holes were drilled: RC 133 from the southern side
of  the resource and RC 134 from the northern side. RC 133 was drilled at 60 degrees and intersected 25m  @
357ppm  U  from  172m.  RC  134  was  drilled from the north at an angle  of  60  degrees  and  intersected
intermittent mineralisation from 227m down to 301m including 16m @ 377ppm U from 285m below surface.
                                                     
                                                     

To view Figure 2: A238 Section L56, please open the following link in a new window:
http://media3.marketwire.com/docs/forte_2.pdf

On  cross section profile L47, RC 139 was drilled at 60 degrees from the north and intersected intermittent
mineralisation from 112m down to 217m. This included 7m @ 646ppm U with grades over 1,650ppm U  from  178m,
4m @ 437ppmU from 193m, 4m @ 437ppmU from 204m and 7m @ 273ppm U from 210m.  (See Figure 3)

                                                     

To view Figure 3: A238 Section L47, please open the following link in a new window:
http://media3.marketwire.com/docs/forte_3.pdf

Further  assay  results  from  the remaining twelve A238 holes are expected later  in  the  month  and  the
compilation of the A238 resource upgrade has been started and is scheduled to be completed by  the  end  of
March.

The  initial RC drilling programme at Hassi Baida is 3,000m and will test several near to surface  calcrete
deposits,  covering  over 12km2. Historical works completed by the Company, including trenching  and  pits,
have identified high grade mineralisation in close proximity to the surface.

Table 1: A238 Prospect - Further drilling assays


   License       Prospect  Hole Id     East      North    Inclination   From      To    Interval   Average
                                      WGS84      WGS84      Degrees     (m)      (m)      (m)       Grade
                                                                                                  U (ppm)
LEGLEYA  286       A238     RC131    284220     2771861       60        169      171       2        318
LEGLEYA  286       A238     RC131    284220     2771861                 174      177       3        371
LEGLEYA  286       A238     RC131    284220     2771861                 193      195       2        323
LEGLEYA  286       A238     RC131    284220     2771861                 213      216       3        296
LEGLEYA  286       A238     RC132    284276     2771779       60        132      137       5        287
LEGLEYA  286       A238     RC132    284276     2771779                 152      154       2        232
LEGLEYA  286       A238     RC132    284276     2771779                 205      207       2        199
LEGLEYA  286       A238     RC132    284276     2771779                 218      224       6        275
LEGLEYA  286       A238     RC132    284276     2771779                 232      246       14       274
LEGLEYA  286       A238     RC132    284276     2771779                 251      253       2        223
LEGLEYA  286       A238     RC132    284276     2771779                 268      270       2        265
LEGLEYA  286       A238     RC134    284360     2771715       60        227      230       3        171
LEGLEYA  286       A238     RC134    284360     2771715                 258      262       4        288
LEGLEYA  286       A238     RC134    284360     2771715                 285      301       16       377
LEGLEYA  286       A238     RC135    284211     2771489       55        150      156       6        299
LEGLEYA  286       A238     RC135    284211     2771489                 164      169       5        274
LEGLEYA  286       A238     RC135    284211     2771489                 219      221       2        228
LEGLEYA  286       A238     RC137    284178     2771954       60        197      204       7        255
LEGLEYA  286       A238     RC137    284211     2771489                 238      241       3        308
LEGLEYA  286       A238     RC137    284360     2771715                 248      250       2        252
LEGLEYA  286       A238     RC137    284360     2771715                 254      256       2        286
LEGLEYA  286       A238     RC139    284079     2772068       60        112      117       5        190
LEGLEYA  286       A238     RC139    284079     2772068                 127      130       3        232
LEGLEYA  286       A238     RC139    284079     2772068                 167      170       3        234
LEGLEYA  286       A238     RC139    284079     2772068                 179      186       7        646
LEGLEYA  286       A238     RC139    284079     2772068                 188      190       2        413
LEGLEYA  286       A238     RC139    284079     2772068                 193      197       4        437
LEGLEYA  286       A238     RC139    284079     2772068                 204      208       4        399
LEGLEYA  286       A238     RC139    284079     2772068                 210      217       7        273
LEGLEYA  286       A238     RC143    283825     2772012       50        213      223      10        485
LEGLEYA  286       A238     RC143    283825     2772012                 226      228       2        194
LEGLEYA  286       A238     RC143    283825     2772012                 230      234       4        274
LEGLEYA  286       A238     RC143    283825     2772012                 246      247       1        329
LEGLEYA  286       A238     RC143    283825     2772012                 251      257       6        415
                                                                                                         
  
  
  Commenting on the latest drilling assay results from Mauritania, Mark Reilly, Managing Director of Forte
  said:
  
  "The  latest  assay results continue to demonstrate that the A238 Prospect has significant potential  above
  our  initial  JORC resources of 14.9m lbs of U3O8. The recent drilling campaign, which is now completed  on
  A238,  has  significantly increased our understanding of this high quality uranium ore body, which  remains
  open  at  depth and along strike.  Once Forte has received the assay results for the remaining 25%  of  the
  drilling on this project, we look forward to upgrading the current resource by the end of next month."
  
  
  Mark Reilly
  Managing Director
  
  
  
  For further information contact:
  
  Mark Reilly, Managing Director
  Forte Energy NL                          Tel: +44 (0) 203 3849555
  
  Rob Collins/Tarica Mpinga
  Canaccord Genuity Limited                Tel: +44 (0) 207 050 6500
  
  Bobby Morse/Louise Hadcocks
  Buchanan                                 Tel: +44 (0) 207 466 5000
  
  Stuart Laing
  RFC Corporate Finance Ltd                Tel: +61 (0) 8 9480 2506
  (AIM Nominated Adviser to the Company)
  
  
  Forte Energy NL
  
  Australia                                        United Kingdom
  
  Suite 3, Level 3                                 3C Princes House
  1292 Hay Street                                  38 Jermyn Street
  West Perth WA 6005                               London SW1Y6DN
  Ph: +61 (0)8 9322 4071                           Ph: +44 (0)203 3847474
  Fax: +61 (0)8 9322 4073                          Fax: +44 (0)207 2878387
  Email: info@forteenergy.com.au                   Email: info@forteenergy.co.uk
  Web: www.forteenergy.com.au
  
  
  Note:
  
  The  information in this report that relates to Exploration Results is based on information compiled by Mr.
  Bosse  Gustafsson,  who  is  a  Member  of the European Federation of Geologists,  a  'Recognised  Overseas
  Professional  Organisation'  ('ROPO') included in a list promulgated by the  ASX  from  time  to  time.  Mr
  Gustafsson  is  a  full  time  Technical Director of Forte Energy NL and  is  responsible  for  exploration
  activities  in  Mauritania and Guinea. Mr. Gustafsson has sufficient experience which is  relevant  to  the
  style of mineralisation and type of deposit under consideration and to the activity which he is undertaking
  to  qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of
  Exploration Results, Mineral Resources and Ore Reserves'. Mr. Gustafsson consents to the inclusion in  this
  report of the matters based on his information in the form and context in which it appears.
  
  The  information in this report that relates to the Mineral Resource at the A238 prospect in Mauritania  is
  based on information compiled by Mr. Bosse Gustafsson or Forte Energy NL and Mr Galen White BSc (hons) FGS,
  MAUSIMM, Principal Geologist of CSA Global Inc (UK).
  
  The information in this report that relates to the Mineral Resource at Bir En Nar in Mauritania is based on
  information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Neil Inwood of Coffey Mining Ltd.
  
  The  information  in  this report that relates to the Mineral Resource at Firawa  in  Guinea  is  based  on
  information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Doug Corley of Coffey Mining Ltd.
  
  Mr.  Gustafsson, Mr. Corley, Mr. Inwood and Mr. White have sufficient experience which is relevant  to  the
  style  of  mineralisation  and  type of deposit under consideration and to the  activity  which  they  have
  undertaken  to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian  Code  for
  Reporting  of  Exploration Results, Mineral Resources and Ore Reserves". Mr. Gustafsson,  Mr.  Corley,  Mr.
  Inwood  and Mr. White consent to the inclusion in this report of the matters based on their information  in
  the form and context in which it appears.
  
  About Forte Energy
  
  Forte  Energy is an Australian-based minerals company focused on the exploration and development of uranium
  and  associated bi-products in Mauritania and Guinea in West Africa.  The Company has an extensive pipeline
  of assets and total JORC resources of 45.5Mt @ 284ppm U3O8for 28.5Mlbs contained U3O8 (100ppm cut-off).
  
  Its  flagship  assets are the A238 prospect (14.9Mlbs U3O8) and the Bir En Nar project (2.06Mlbs  U3O8)  in
  Mauritania, and the Firawa project in Guinea (11.6Mlb U3O8)
  
  Forte Energy U3O8 JORC resources (all at a 100ppm cut-off):
  
          Project                Resource Category              M tonnes            ppm U3O8     Contained U3O8
                                                                                                           Mlbs
          A238                            Inferred                  26.5                 256               14.9
                                             Total                  26.5                 256               14.9
          Bir En Nar                     Indicated                  0.55                 886                1.0
                                          Inferred                  0.78                 575                1.0
                                             Total                  1.33                 704                2.0
          Firawa                          Inferred                  17.7                 296               11.6
                                             Total                  17.7                 296               11.6
          Total                          Indicated                   0.5                 886                1.0
                                          Inferred                    45                 277               27.5
                                             Total                  45.5                 284               28.5
  
  
  Forte  Energy's  strategy is to target high grade uranium ore bodies and build a  low  cost  West  African-
  focused uranium producer.  The Company is quoted on the Australian Stock Exchange (ASX: FTE) and AIM market
  of the London Stock Exchange (AIM: FTE). For more information, visit www.forteenergy.com.au

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