Forte Energy NL
LSE : FTE

April 26, 2012 02:00 ET

Board Changes

                                                                                            Forte Energy NL
                                                                                                           
                                                                                            ACN 009 087 852

26th April 2012
                                                                                 ASX, AIM and Media Release

Board Changes

International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to
announce the appointment of Mr. James Leahy as a Non-Executive Director with effect from 26 April 2012.

Mr.  Leahy  has  more than 26 years experience in the mining sector as a senior mining  analyst  and  as  a
specialist corporate broker with expertise in international institutional and hedge funds, foreign  capital
and private equity markets.

As  a  founding partner of the natural resources team at Mirabaud Securities, one of the leading  UK  based
stockbroking  firms, offering specialised and quality stockbroking to corporate and institutional  clients,
Mr.  Leahy has advised a number of natural resource focused funds in the UK, raised more than US$2  billion
in equity for resource companies and participated in over 30 IPO's.

Mr.  Leahy  is  also  a non-executive director of ASX/AIM listed Continental Coal Ltd and  a  non-executive
director of TSX-V listed Bacanora Minerals Ltd

The  Company  also  advises  that  Lady Barbara Judge and Mr. Bosse Gustafsson  have  resigned  from  their
positions  as  directors, effective 30 April 2012. They will continue to be involved with  the  Company  as
external consultants.

Commenting on the Board changes Mark Reilly, Managing Director of Forte Energy, said:

"We welcome James Leahy to the Board of Forte Energy - his knowledge and experience will be of considerable
value  as  the  Company  moves  to  its next stage of its development,  having  increased  its  asset  base
aggressively  over the last year to over 37m lbs of JORC Compliant resources.  On behalf  of  the  Board  I
would  like to thank Lady Judge and Mr Gustafsson on the significant contributions they have provided  over
the years and we look forward to continuing to receive their valuable advice going forward".



Mark Reilly
Managing Director





Further information on James Leahy:

Current Age:     51

Other Current Company Directorships or Partnerships:

        Continental Coal Ltd
        Bacanora Minerals Limited
        Alberta Coal Corp
        African Power Corp

Previous Directorships or Partnerships (past 5 years)

        Mirabaud Securities LLP



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


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 64.2Mt @ 262ppm U3O8for 37.0Mlbs contained U3O8 (100ppm cut-off).

Its  flagship  assets are the A238 prospect (23.4Mlbs 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                 45.2                235             23.4
        Bir En Nar                   Indicated                 0.55                886              1.0
                                      Inferred                 0.78                575              1.0
        Firawa                        Inferred                 17.7                296             11.6
        Total                        Indicated                  0.5                886              1.0
                                      Inferred                 63.7                256             36.0
                                         Total                 64.2                262             37.0
*       A238NW Anomaly included in the A238 Inferred Resources
    
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


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 of Forte Energy NL and Mr Galen White BSc (Hons) FGS,
FAUSIMM, 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.
Neil  Inwood is the Competent Person responsible for the resource estimation and classification.  Mr Inwood
is  a  Fellow  of the AusIMM.  As Mr Inwood is now no longer employed by Coffey Mining, Coffey  Mining  has
reviewed  this  information  release  and  consent to the inclusion,  form  and  context  of  the  relevant
information  herein  as  derived  from the original resource reports for  which  Mr  Inwood's  consent  has
previously been given.

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 BSc (Hons)  MAIG,  R.P.
Geo (Mining) 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  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.

Contact Information

  • Forte Energy NL