Forsys Metals Corp
TSX : FSY
FRANKFURT : F2T

Forsys Metals Corp

June 13, 2008 11:44 ET

Mineralization Expansion and Grade Improvement at Valencia-Forsys Triples Drill Program

TORONTO, ONTARIO--(Marketwire - June 13, 2008) - Forsys Metals Corp. ("Forsys" or the "Company") (TSX:FSY)(FRANKFURT:F2T)(NSX:FSY) is pleased to announce the second set of percussion drilling results from the 2008 exploration campaign at the Company's 100% owned Valencia Uranium Deposit ("Valencia"). Drilling in the Valencia Southwest Zone and Transition Zone has confirmed additional mineralization to further expand the Valencia resource.

The second set of drilling in the Southwest Zone and Transition Zone consisted of 15 additional vertical holes, bringing the total current drilling campaign to 26 holes, of which all show uranium mineralization.

Based on the excellent results received to date, the Company has approved an expansion of the drilling program from 10,000 m to 30,000 m.

Results to date demonstrate the following:

- Deposit expansion and grade improvement remains on track;

- The ore body shows good mineralization below the current pit "cone", opening the Valencia main ore body to the south, southwest and southeast and at depth;

- Due to higher uranium mineralization in PD-025, the ore body has potential to open towards the west;

- PD-031 is well mineralized, opening the deposit at depth towards the north;

- The ore body footprint at 325 m depth (380 m elevation) could have an east-west extension of 200 m wide by 300 m long as compared to the current pit bottom which is 45 m wide by 75 m long (June 2007 NI 43-101 Technical Report);

- Holes encountered weak mineralization with grade above cut-off (0.06 Kg/T U308) from surface to high grade deep sections, which should reduce stripping cost.

Selected higher grade results of the drilling in the Southwest Zone and the Transition Zone are shown in the tables below. Refer to the Company's website at www.forsysmetals.com for the complete set of results for all 15 drill holes.



Table 1: Southwest Zone Highlights
---------------------------------------------------------------------
From To Interval Grade
Hole (m) (m) (m) (Kg/T eU3O8)(i)
---------------------------------------------------------------------
PD-012 98.90 346.20 247.30 0.170
Including 274.50 346.00 71.50 0.256
---------------------------------------------------------------------
PD-019 122.00 162.80 40.80 0.232
267.00 341.70 73.90 0.250
---------------------------------------------------------------------
PD-023 206.10 298.10 92.00 0.157
Including 206.10 238.80 32.70 0.208
---------------------------------------------------------------------
PD-024 62.90 375.60 312.60 0.191
Including 62.90 95.00 32.10 0.288
Including 96.10 137.60 41.50 0.255
Including 204.30 223.10 18.80 0.297
Including 253.50 270.00 16.60 0.313
Including 310.70 319.20 8.50 0.320
---------------------------------------------------------------------
PD-025 225.60 324.20 98.60 0.384
Including 225.60 295.50 69.90 0.474
Including 247.50 295.10 47.60 0.539
---------------------------------------------------------------------

Table 2: Transition Zone Highlights
---------------------------------------------------------------------
From To Interval Grade
Hole (m) (m) (m) (Kg/T eU3O8)(i)
---------------------------------------------------------------------
PD-013 10.6 289.3 278.7 0.122
Including 61.80 81.50 19.70 0.319
Including 262.10 291.40 29.30 0.214
Including 324.10 346.60 22.50 0.200
---------------------------------------------------------------------
PD-018 267.80 322.70 54.90 0.297
Including 269.60 300.80 31.20 0.381
---------------------------------------------------------------------
PD-020 0.00 50.80 50.80 0.109
51.50 58.80 7.30 0.847
70.70 108.60 37.90 0.164
110.60 169.70 59.10 0.204
172.70 265.70 93.00 0.189
---------------------------------------------------------------------
PD-022 4.50 66.70 62.20 0.177
69.30 101.90 32.60 0.147
132.00 189.50 57.50 0.145
226.50 230.80 4.30 0.263
---------------------------------------------------------------------
PD-026 9.60 140.00 130.40 0.194
207.10 304.90 97.80 0.185
Including 253.00 292.60 39.60 0.229
---------------------------------------------------------------------
PD-031 158.40 337.30 178.90 0.192
Including 161.20 199.20 38.00 0.203
Including 210.60 231.00 20.40 0.215
Including 239.40 244.90 5.50 0.222
258.40 305.40 47.00 0.309
Including 264.70 292.00 27.30 0.425
---------------------------------------------------------------------

(i) The results in this news release are reported as equivalent U308
("eU308"). The Company has calculated a correlation between grade
thickness product of gamma counts (counts per second) collected by
down hole geophysical methods and the grade thickness product of
chemical assays from the Company's drill hole library (otherwise
known as GT Chem and GT Rad). That correlation has been established
with over 100 GT intervals and is used to calculate eU308 in the
percussion drill holes from gamma probe survey with a resulting
correlation coefficient of 0.99 (estimation of confidence level).


Results from holes 21 and 27 through to 30 are pending, and will be reported in upcoming news releases.

Dr. Roger Laine, Chief Geologist of Forsys, is the designated Qualified Person responsible for all of Forsys' exploration programs as well as the person responsible for the contents of this news release.

On Behalf of the Board of Directors of Forsys Metals Corp

Duane Parnham, President and CEO

For further information visit our web site at www.forsysmetals.com.

Sedar Profile #00008536

Forward-Looking Information

This press release contains "forward-looking information" including statements and information regarding exploration results. Such forward-looking information reflects the current expectations or beliefs of the Company. Forward-looking information is subject to a number of risks, assumptions and uncertainties that may cause the actual results of the Company to differ materially from those discussed herein, including the possibility that future exploration results will not be consistent with the announced results or the Company's expectations, the resource/reserve and grade of the ore body may not be upgraded, the uncertainties involved in interpreting exploration results and other inherent risks in the mineral exploration and development industry. Such forward-looking information speaks only as of the date on which it is made and, unless required by applicable securities laws, the Company undertakes no obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.

Shares Outstanding: 77,076,898

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

Contact Information