Forte Energy NL
LSE : FTE

September 27, 2011 02:00 ET

New Uranium Exploration Permits Granted, Mauritania

                                                                                                           
                                                                                                FORTE ENERGY NL
                                                                                                               
                                                                                                ACN 009 087 852
                                                                                                   ASX/AIM: FTE
                                                                                                              
ASX, AIM and Media Release 27 September 2011
                                                       
                              New Uranium Exploration Permits Granted, Mauritania
                                                       

International uranium company Forte Energy NL ("Forte Energy" or "the Company") (ASX: FTE, AIM: FTE) is pleased
to  announce  that  it has been granted new uranium exploration permits, Licences 948 and 949,  in  Mauritania.
Known  as Hasi Baida and Gin Ouissat, the licences cover an area of 1790 km2 and are located near the Company's
existing licences in the north of the country.

The Company now holds eight uranium exploration permits within Mauritania for a combined area of more than 8600
km2, in addition to its Firawa and Bohoduo uranium prospects in Guinea.

                                                       
To view Figure 1: Forte Energy uranium exploration permits, Mauritania, please open the following link in a new 
window: http://media3.marketwire.com/docs/fe927_f1.jpg

Hasi  Baida is a highly prospective calcrete area situated approximately 50km north-east of the existing  Forte
Energy  licences and covers 805km2. It is anticipated that a 1,500 - 2,000m reverse circulation ("RC") drilling
programme  will  commence early in 2012 targeting eight separate prospects within the Hasi Baida  licence.  The
targets are all uranium in calcrete deposits.

To view Figure 2: Forte Energy new uranium exploration permits, Mauritania, please open the following link in a 
new window: http://media3.marketwire.com/docs/fe927_f2.jpg

Potential  targets were identified from airborne survey data at the Department of Mines and  Geology  (DMG)  in
Nouakchott  and  were  followed  up  by a surface sampling programme, which  identified  potential  high  grade
mineralisation  from  surface down to a crystalline basement between 20-25m. Early  work  undertaken  by  Forte
Energy indicates that the principal uranium mineral is carnotite and that no gypsum was detected.

Gin  Ouissat (985 km2) is located to the south-west of the existing Forte Energy licences and to the west of the
Bir  En  Nar  prospects.  Radiometric  surveys and other ground works have  identified  uranium  mineralisation
occurring  on  surface  along an 800 metre section mainly in the partly exposed red  altered  granites.  An  RC
drilling programme is planned for later this year to test the potential mineralisation below the surface to the
west of the existing Forte Energy licenses.

Permit  948 and 949 are two of three new licences in this area applied for by Forte Energy. The Company expects
that  the application for related permit 1173 will be decided shortly and remains confident it will be  granted
in favour of Forte Energy.

Forte  Energy  acknowledges and appreciates the considerable efforts and success of its  long-time  Mauritanian
business  partners, Mauritanian Mining Services ("MMS"), in managing the Company's local affairs in  Mauritania
including these licence applications. In return Forte Energy has agreed to grant up to 5 million options to MMS
with  an  exercise  price of A12.5 cents per share. The options are exercisable within  three  years  of  being
granted, and will be granted if and when the following milestones are achieved:

    *  2 million options to be granted upon the issue of the three new permits (948, 949 and 1173)
    *  2 million options upon the commencement of exploration drilling on the new permits and
    *  1 million options upon the release of an initial JORC code compliant mineral resource within the
       permits

Mark Reilly, Managing Director of Forte Energy, commented: "The Company believes that these licences have great
potential  and  complement  our  existing licences in Mauritania. The  prospective  nature  of  this  area  was
identified  by  the  Company and confirmed from data obtained under the Cooperation Agreement  with  our  major
shareholder,  Areva. Hasi Baida is located 120km from our A238 project and an aggressive exploration  programme
for this field season has already been planned for early next year."



Mark Reilly
Managing Director

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                                   Tel: +44 (0) 203 300 0187

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

Bobby Morse/Louise Hadcocks
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                                  Chesterfield House
1292 Hay Street                                   1 Chesterfield Street
West Perth WA 6005                                London W1J 5JF
Ph: +61 (0(8 9322 4071                            Ph: +44 (0)203 300 0188
Fax: +61 (0)8 9322 4073                           Fax: +44 (0)207 409 2857
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 Firawa in Guinea is based on information
compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Doug Corley of Coffey Mining Ltd.

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).

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 Guinea and Mauritania 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 Firawa project in Guinea (11.6Mlb U3O8) and the Bir En Nar project in  Mauritania
(2.06Mlbs U3O8), with a maiden resource at the A238 prospect in Mauritania recently announced (14.9Mlbs  U3O8).
The  Company  has  also  received encouraging rare earth elements results from Firawa,  with  a  JORC  resource
expected in H2 2011.

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

                                                                                                    Contained
        Project              Resource Category                M tonnes            ppm U3O8               U3O8
                                                                                                         Mlbs
     
        Firawa               Indicated                            17.7                 296               11.6
        (Guinea)
                             Total                                17.7                 296               11.6
        Bir En Nar           Indicated                            0.55                 886                1.0
        (Mauritania)
                             Inferred                             0.78                 575                1.0
                             Total                                1.33                 704                2.0
        A238                 Inferred                             26.5                 256               14.9
        (Mauritania)
                             Total                                26.5                 256               14.9
        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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