Forte Energy NL
AIM : FTE

June 25, 2015 02:00 ET

Commencement of Legal Proceedings in Slovakia

                                                                                           Forte Energy NL
                                                                                           ACN 009 087 852
                                                                                                          
                                                                                               AIM Release
                                                                                              25 June 2015

COMMENCEMENT OF LEGAL PROCEEDINGS IN SLOVAKIA

Forte  Energy  NL ("Forte" or "the Company") (AIM: FTE), provides the following update on its  subsidiary's
operations in the Slovak Republic.

The  Company advises that lawyers acting on behalf of Ludovika Energy s.r.o. ("Ludovika"), the company that
held  the exploration license where the Kursiskova uranium deposit is located, have filed court proceedings
against  the Ministry of Environment in Slovakia (the "Ministry"), in respect to its decision not to  grant
the extension of the uranium permits.

Ludovika  is  asking the court to review the decision of the Ministry to determine whether it was  made  in
accordance with the Geological law of Slovakia.

This  is  the  first  step to remedy what the Company's legal advisers believe to be  a  violation  of  the
Geological Law of Slovakia. If successful in the proceedings, it is the view of the Company's advisors that
Ludovika would be entitled to compensation. Forte and its Joint Venture partner, European Uranium Resources
Ltd,  have  invested in excess of 25 million Euros into the Kuriskova Uranium project. This  would  be  the
starting point for a compensation claim.

The Company will update shareholders as developments occur.

Shareholders  should note that the legal proceedings are separate and independent to the applications  that
Ludovika has before the ministry for an exploration license to allow exploration for rare earth elements in
the Kuriskova deposit area.



For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                          Tel: +61 (0) 8 9322 4071

Oliver Morse
RFC Ambrian Ltd                          Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)


Forte Energy NL

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: info@forteenergy.com.au
Web: www.forteenergy.com.au

Contact Information

  • Forte Energy NL