Forte Energy NL
LSE : FTE

November 10, 2011 02:00 ET

Drilling Update for A238 Prospect in Mauritania

                                                     
                                                                                           Forte Energy NL
                                                                                                           
                                                                                            ACN 009 087 852
                                                                                                       
                                                                                 ASX, AIM and Media Release
10th November 2011
                                                     
Drilling update for the A238 Prospect in Mauritania
                                                     
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International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to
announce that the RC drilling programme in Mauritania started on the 17th October 2011:


Mauritania

*   Reverse Circulation (RC) drilling programme started on the 17th October 2011 at the A238 Prospect
    and a newly identified anomaly situated approximately 800m to the north west of A238
    
*   A total of 23 holes, totalling 2,649m have been drilled up to the 7th November
        
*   Scintillometer readings from the RC chip samples have identified zones of mineralisation in  17
    holes, near to surface and down to depths of over 200m
        
    
*   Samples  have been sent to Zouerate for preparation and will then be sent to the Stewart  Group
    Laboratories in Ireland, with chemical assay results scheduled in December
    
*   Analysis of assay results and a resource update from CSA Global Inc (UK) will be announced in Q1
    2012.
        

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The  start  of  the  RC  drilling  campaign  was  focussed on  testing  the  potential  extensions  of  the
mineralisation  in  the  A238  Prospect both at depth and to the east and west  of  the  original  inferred
resource outline.


To view Figure 1: Mauritania Forte Energy Licences, please open the following link in a new window:
http://media3.marketwire.com/docs/forte_1110_uk_fig_1.pdf

By the 7th November a total of 1,945m (16 holes) had been drilled on the A238 Prospect (See Figure 2), with
scintillometer readings identifying zones of mineralisation in 12 of the holes. Representative samples have
been  sent  to Zouerate for preparation and will be sent to the Stewart Group laboratories in  Ireland  for
analysis. Initial chemical assay results are expected in December.

In  addition to the drilling at the A238 Prospect, a small surface outcrop, approximately 800m to the north
west  of  A238  was  targeted  and  drilled.  The first of 7 holes  totalling  704m,  identified  zones  of
mineralisation  from  9m below the surface to 31m and from 43m to 45m. The other 6  holes  all  intersected
potential zones of mineralisation ranging from near to surface down to 170m.

A zone of mineralisation potentially trending north west - south east over 200m has now been identified and
drilling will continue to test the extensions of the mineralisation. Samples have been collected and are in
the  process  of  being sent to the sample preparation facility at Zouerate and initial assay  results  are
anticipated in 5-6 weeks.


To view Figure 2: A238 Prospect and A238NW Anomaly - Holes Drilled, please open the following link in a new window:
http://media3.marketwire.com/docs/forte_1110_uk_fig_2.pdf

Drilling  will  continue  at  the  A238NW anomaly testing the potential  mineralised  zone.  Based  on  the
information  from  the drilling in this area, other anomalies in the vicinity may also be  targeted  before
moving north to the Tisram (284) licence.

Commenting on the 2011-2012 drilling campaign Mark Reilly, Managing Director of Forte Energy, stated:

"The  drilling campaign is progressing well and we are highly encouraged by the consistency of the ore body
we are encountering, with 19 out of 23 holes intersecting mineralisation.  Our understanding of the geology
of  the  A238  license  has significantly improved and we believe the strategy for Forte  to  substantially
increase  its resources in the short term remains firmly on track.  We look forward to receiving the  assay
results from A238NW as well as from the A238 Prospect."


Mark Reilly
Managing Director

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                                 Tel: +44 (0) 203 384 9555

Rob Collins/Tarica Mpinga
Canaccord Genuity Limited                       Tel: +44 (0) 207 050 6500

Bobby Morse/Katharine Sutton
Buchanan                                        Tel: +44 (0) 207 466 5000

Nicholas Read/Paul Armstrong
Read Corporate                                  Tel: +61 (0) 8 9388 1474

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 SW1Y 6DN
Ph: +61 (0)8 9322 4071                           Ph: +44 (0)203 384 7474
Fax: +61 (0)8 9322 4073                          Fax: +44 (0)207 287 8387
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 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 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 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 U3O8 for 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).  The Company has also received  encouraging
rare  earth  elements results from Firawa, with a re-assay programme confirming correlation  of  REEs  with
uranium mineralisation.

Forte Energy U3O8 JORC resources (all at a 100ppm cut-off):

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        Project                Resource Category              M tonnes            ppm U3O8     Contained U3O8
                                                                                                         Mlbs
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        Bir En Nar                     Indicated                  0.55                 886                1.0
                             --------------------------------------------------------------------------------
                                        Inferred                  0.78                 575                1.0
                             --------------------------------------------------------------------------------
                                           Total                  1.33                 704                2.0
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        A238                            Inferred                  26.5                 256               14.9
                             --------------------------------------------------------------------------------
                                           Total                  26.5                 256               14.9
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        Firawa                          Inferred                  17.7                 296               11.6
                             --------------------------------------------------------------------------------
                                           Total                  17.7                 296               11.6
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        Total                          Indicated                   0.5                 886                1.0
                             --------------------------------------------------------------------------------
                                        Inferred                    45                 277               27.5
                             --------------------------------------------------------------------------------
                                           Total                  45.5                 284               28.5
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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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FORTE ENERGY NL ACN 009 087 852
ASX / AIM CODE: FTE, Telephone: +618 9322 4071, Fax: +618 9322 4073

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