Forsys Metals Corp

Forsys Metals Corp

April 27, 2009 09:04 ET

Forsys Receives Unconditional Court Approval for Second Amendment Agreement With GFI

TORONTO, ONTARIO--(Marketwire - April 27, 2009) - Forsys Metals Corp ("Forsys" or the "Company") (TSX:FSY)(FRANKFURT:F2T)(NSX:FSY) is pleased to announce that it has now received the unconditional approval of the Ontario Superior Court of Justice (Commercial List) (the "Court") in connection with the terms of the second amendment agreement (refer to Forsys press release dated April 2, 2009) which amended certain terms of the arrangement agreement between Forsys and George Forrest International Afrique S.P.R.L. ("GFI") and maintains the CAD$7.00 per common share purchase price. As a result of the Courts unconditional approval, neither a Forsys special shareholder meeting or further court approvals will be required to complete the plan of arrangement.

On Behalf of the Board of Directors of Forsys Metals Corp.

Duane Parnham, President and CEO

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This news release contains projections and forward looking information that involve various risks and uncertainties regarding future events. Such forward looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation's plans and objectives to differ materially from those expressed in the forward looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Corporation assumes no obligation to update forward looking information should circumstances or management's estimates or opinions change.

Shares Outstanding: 78,935,231

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