Forte Energy NL

LSE : FTE


November 13, 2012 02:00 ET

Drilling Programme commenced at A238 in Mauritania

                                                                                                        
                                                                                          Forte Energy NL
                                                                                                         
                                                                                         ACN 009 087 852
                                                                                                         
                                                                               ASX, AIM and Media Release
13th November 2012

                     Drilling Programme commenced at the A238 Prospect in Mauritania

Forte  Energy  NL  ("Forte Energy" or "the Company") (ASX/AIM: FTE) is an emerging international  uranium
company  focused on the exploration and development of a portfolio of uranium assets in the Republics  of
Mauritania and Guinea, West Africa.

The Company is pleased to announce that the Reverse Circulation (RC) drilling programme will start on the
14th  November, 2012 and includes 54 holes totalling over 8,200m. The objective of the drilling  campaign
is  to  test the highly prospective areas along strike in the Zednes shear zone to the northwest and  the
southeast of the A238 prospect.

To view Fig. 1: Mauritania Licence Areas, please open the following link in a new window:
http://media3.marketwire.com/docs/fortfig1.pdf

Following  the  recent completion of the combined high resolution ground magnetic and radiometric  survey
conducted by Geophysical consultants SEMS Exploration Ltd of Accra, Ghana, the results confirmed that the
A238  prospect is structurally controlled within the Zednes shear zone. To the north of the existing A238
prospect the structure continues for over 2km, near to surface and outcropping. To the south of the  A238
prospect  the surveys have confirmed that the structure extends to the south under quaternary  cover  for
more than 3.5km.

The  RC  drilling  programme started on the 12th November with a RC drill rig from Drillcorp  Sahara  Ltd
testing  the extensions to the south of the A238 prospect. The drilling programme to the south,  stepping
out  at  200m intervals, includes 38 holes, totalling 5,700m and is scheduled to be completed in  January
2013.  In addition to representative samples being sent for assay, Poseidon Geophysics (Pty) Ltd will  be
conducting down-hole radiometric logging for all of the holes.

To  view  Fig.  2: A238 Prospect RC Drilling Programme, please open the following link in a  new  window:
http://media3.marketwire.com/docs/fortfig22.pdf

Following completion of the southern drilling, the drill rig will then move to the north east of the A238
prospect,  where  16  holes,  totalling 2,500m are planned. The drilling programme  is  scheduled  to  be
completed by mid-February 2013.

CSA  Global  Pty  Ltd will be updating the geological resource model during the course  of  the  drilling
programme with the objective of completing a resource update by the end of the first quarter 2013.

Commenting on the update, Mark Reilly, Managing Director of Forte Energy, said:
"The  initiation  of this drilling programme is key step in our efforts to better understand  the  highly
prospective extensions to the north and south of the A238 Prospect and to work towards our wider goal  of
significantly building up the Company's resource base to well over 50Mlbs."


Mark Reilly
Managing Director

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                           Tel: +44 (0) 203 3849555


Geoff Nash/Ben Thompson                   Tel: +44 (0)207 220 0500
Elizabeth Johnson (broking)
finnCap

Bobby Morse/Louise Hadcocks/Cornelia Browne
Buchanan                                  Tel: +44 (0) 207 466 5000

Stuart Laing
RFC Ambrian 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 76.8Mt @ 266ppm U3O8for 44.9Mlbs 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 (19.5Mlb 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              0.5              886                           1.0
                              Inferred              0.8              575                           1.0
------------------------------------------------------------------------------------------------------
Firawa                        Inferred             30.3              295                          19.5
------------------------------------------------------------------------------------------------------
Total                        Indicated              0.5              886                           1.0
                              Inferred             76.3              262                          43.9
                                 Total             76.8              266                          44.9
------------------------------------------------------------------------------------------------------

        * 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 former Technical Director of Forte Energy NL. He has an ongoing role as a consultant  to
the  Company.  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 Resources at the A238 prospect in  Mauritania
and  at Firawa in Guinea is based on information compiled by Mr. Bosse Gustafsson of Forte Energy NL  and
Mr Galen White BSc (Hons) FGS, FAUSIMM, Managing Director and Principal Geologist of CSA Global (UK) ltd.

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.

Mr.  Gustafsson, 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. White and Coffey Mining  on
behalf of Mr. Inwood 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

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