Forsys Metals Corp

Forsys Metals Corp

April 11, 2006 13:17 ET

Forsys Appoints Advisory Board Members

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) - Forsys Metals Corp (the "Company")(TSX VENTURE:FSY) is pleased to announce the appointment of Dr. Hikmet Akin a German uranium specialist, Mark Monaghan and Dan Hansen as strategic finance and business development specialists, to the Company's Advisory Board.

With continued corporate progression and in particular with the ongoing development of the Valencia uranium deposit, the goal of the Advisory Board is to support our corporate development with the appropriate expertise in the following categories: uranium production, corporate governance, capital markets, and strategic finance.

Dr. Hikmet Akin, Ph.D. Eng, P.Geo

Dr. Hikmet Akin has 34 years experience in mining development and project evaluation. In 1985 he became a professor at the Technical University of Berlin and in 1988 published a book on geostatistics and reserve estimations. Since 1978, he has held various managerial and staff positions with Uranerz in Germany performing project evaluations and reserve estimations. During the 1990's, he operated the mining and exploration activities of Uranerz in the USA and Canada as president of the local subsidiaries. From 1995-1998, Hikmet was president and CEO of the entire Uranerz Group comprising operations in Germany, Canada, USA, and Central Asia. Since 1998, he has been engaged in the coal mining/energy sector, becoming project director Australia for Rheinbraun AG (Germany) in cooperation with Consol Energy Inc. (USA). He has also advised DEA regarding an oil and gas project in Kazakhstan. Since 2001, Hikmet has been consulting to various companies in the mining sector and presently serves on the boards of Aldrige Minerals Inc. (TSX VENTURE:AGM), and Rampart Ventures Inc (TSX VENTURE:RPT).

Mark Monaghan, B.A., B.Comm.

Currently Vice President of merchant bank, Quest Capital Corp. (TSX:QC)(AIM:QCC)(AMEX:QCC), Mark has over 13 years of investment banking and corporate development experience, with an extensive global network. He has served in corporate finance positions at Canadian investment firms, including TD Securities, Deacon Capital Corporation and Canada Trust Securities, with numerous transactions to his credit. Mark has also held posts as senior corporate development officer for TSX companies, and has expertise in developing governance, strategic, and capital markets plans. Serving on executive management committees and boards of public companies, as well as a charitable organization, he has offered financial markets depth to each of these roles. Mark holds a Bachelor of Arts degree in Economics from Queens University and an Honours Bachelor of Commerce degree from the University of Windsor.

Dan Hansen, MBA

Mr. Hansen is a private fund manager with over 20 years experience of international finance and brokerage. Dan over this period has provided strategic planning, corporate development, finance and marketing services to numerous private and public companies across a broad spectrum of industries. Dan has established a solid reputation as a financier and contributor to emerging exploration companies worldwide and has most recently assisted in development of the Aurora Energy Resources Inc. (TSX VENTURE:AXU) IPO strategy with Fronteer Development Group Inc. (TSX VENTURE:FRG), and Altius Minerals Corp (TSX VENTURE:ALS).

The development of Dan's large network of European and Scandinavian financial institutions will be an asset to Forsys as the company continues to build a strong European investor presence. Dan holds an MBA from University of Aarhus Demark, speaking fluent English, German and Danish.

In connection with the appointments, the Company wishes to announce that it has granted an aggregate of 450,000 incentive stock options, subject to regulatory approval. Each stock option entitles the holder thereof to acquire one common share of the Company at $2.00 per common share up to April 11, 2011.

Forsys Metals Corp is an innovative exploration company in the business of advancing high value advanced stage uranium and gold projects in Namibia, Africa.

Shares Outstanding: 43,450,288

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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