Forte Energy NL
LSE : FTE

February 24, 2012 02:00 ET

Drilling programmes completed in Guinea

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


                                  Drilling programmes completed in Guinea
                                                     

International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased
to  announce that the recent drilling campaigns in Guinea at the Firawa and Bohoduo projects  have  been
completed.

The drilling at Firawa has confirmed extensions along strike to the east and west of the existing Firawa
resources. At the Bohoduo project, located approximately 120km to the north east of Firawa, 9 of the  17
holes drilled intersected mineralisation from surface down to 80m.
                                                     


Highlights

    *   The 5,000m Reverse circulation (RC) programme at the Firawa project has been completed with 63
        holes drilled totalling 4,712m.
        
    *   Initial indications confirm extensions along strike to the east and west of the existing central
        resources.
        
    *   Sample  preparation is underway and will continue through February and March with final  assay
        results expected in May.
        
    *   Compilation of the Firawa resource upgrade, currently 17.7Mt @ 296ppm U3O8 for 11.6Mlbs contained
        U3O8 (100ppm cut off), is scheduled to be completed by the end of June.
        
    *   A follow-up programme of RC drilling at Bohoduo consisting of 17 holes totalling 1,277m has just
        been completed. The holes were drilled over a strike length of 8km and 9 of the holes have identified
        mineralisation from surface down to 80m. This extends the mineralised zone to over 3km strike length. Assay
        results are expected in March.



Guinea
                                                     
To view Figure 1: Guinea Licences, please open the following link in a new window:
http://media3.marketwire.com/docs/FORTE0224A.jpg

Firawa
                                                     
The  5,000m  RC  drilling  programme was completed in early February with a  total  of  63  holes  drilled,
totalling 4,712m.

The  programme  included  13  holes in the central section, which had not been accessible  previously.  The
initial  interpretation  of the holes has confirmed continuity of the mineralisation  through  the  central
section over 2km.

To view Figure 2: Firawa RC Drill hole locations, please open the following link in a new window:

http://media3.marketwire.com/docs/FORTE0224B.jpg

Drilling  to  the  west  of the central zone has confirmed mineralisation extending  over  0.8km  with  the
mineralisation  splitting into two zones, with a continuation of the central zone in a  southern  limb  and
approximately 200m to the north a new shallow zone of mineralisation.

The  initial  indications in the eastern drilling programme shows a gradual weakening of the mineralisation
and around 800m from the central area the orebody starts becoming irregular and discontinuous.

Sample  preparation from the drilling programme will continue through February and March with  final  assay
results  expected in April and May. During this period CSA Global consultants will be updating  the  Firawa
resource model with the assay results which are expected to be completed by the end of June.

Bohoduo

The  Company  has two licences covering an area of over 338km2 at Bohoduo, which is situated  approximately
120km north east of Firawa.

Historical  works conducted in the 1980's identified an anomalous area where granitic bodies  intruded  the
gneissic terrane along a fault zone. The migmatitic para- and orthogneisses of Neoarchaean age are intruded
by  Paleoproterozoic monzogranites. The basement rocks are often covered by a layer of laterite up  to  20m
thick. The mineralisation can be traced along the west-east trending mylonitic shear-zone.

The  results  of  the field studies, conducted by the Company, coupled with the airborne geophysical  data,
indicate a 12 km long extension of the anomaly to the east.

To view Figure 3: Bohoduo RC Drill hole locations, please open the following link in a new window:

http://media3.marketwire.com/docs/FORTE0224C.jpg

The Company completed 17 RC holes at Bohoduo totalling 1,277m over a strike length of 8km. This follows  up
the  initial  core  drilling programme of 15 holes in 2008. A total of 9 holes  in  the  current  programme
intersected  mineralisation  from  surface  down to 80m, with  the  mineralisation  confirmed  by  elevated
scintillometer readings on the RC chip samples. Of significant interest is the area immediately to the east
of  the  previous  drilling  where  mineralisation was identified in 9  holes,  with  RC  030  intersecting
mineralisation from surface down to 120m. This extends the previously identified mineralised zone to over 3
km strike length.

Representative  samples  have  been  taken  from Bohoduo and  are  currently  in  transit  to  the  Stewart
laboratories. The assay results are expected in March.

Commenting on the drilling programme in Guinea, Mark Reilly, Managing Director of Forte said:

"The  drilling  campaign  in  Guinea has been completed ahead of schedule.   The  drilling  at  Firawa  has
demonstrated  there  is further mineralisation in the central zone, whilst the orebody at  Bohoduo  remains
open  to  the  east of our previous drilling, both providing significant potential upside to  our  existing
resource  at  our  Guinean  assets.  This further demonstrates the positive progress  made  on  our  assets
following  the  encouraging  assays results in Mauritania. We look forward to  updating  our  resources  in
Mauritania next month, as well as in Guinea in June."



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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