Forte Energy NL
LSE : FTE

May 16, 2011 03:49 ET

Rare Earth Elements assay results from Firawa, Guinea

                                                                                                                      
                                                                                                       FORTE ENERGY NL
                                                                                                       ACN 009 087 852
                                                                                                     ASX/AIM CODE: FTE
                                                                        Telephone: +618 9322 4071, Fax: +618 9322 4073
                                                                                                                      
                                                                                                                      
                                                                                            ASX, AIM and Media Release
                                                                                                         16 May 2011

                                                            
                            Rare Earth Element Assay Results from the Firawa Project, Guinea
                                                            

                                                       HIGHLIGHTS

*   Initial  batch of REE assay results have been received from the re-assay programme of historical drill  samples
    at the Firawa Project, Guinea.
        -       Significant reverse circulation drilling intersections include:
                    -       8m @0.94% TREO ('Total Rare Earth Oxides')
                    -       6m @ 2.83% TREO
                    -       8m @ 1.34% TREO
                    -       5m @1.37% TREO
                    -       3m @ 3.32% TREO
                    -       9m @ 1.44% TREO
                    -       3m @ 1.66% TREO
                    -       19m @ 1.43% TREO
                    -       13m @ 0.71% TREO
                    -       6m @ 1.13% TREO
                    -       31m @ 1.26% TREO
                     
*        Reverse circulation results are in line with Forte Energy's expectations.
    
*        Samples  from the larger diamond drilling programme are currently under review and the results are  due  to  be
         released imminently.
                     

International  uranium  company Forte Energy NL ("Forte Energy" or "the Company") (ASX: FTE, AIM:  FTE)  is  pleased  to
announce  the  first batch of Rare Earth Element (REE) results  from the re-assay of old drill samples from  the  Firawa
Project in the Republic of Guinea.

The  Company  embarked  on  a  programme  to  re-assay samples from  two  historic  drilling  programmes  following  the
identification of the REE potential in several metallurgical samples in late 2010.

A  first pass reconnaissance reverse circulation ('RC') programme of 35 holes was completed in 2007 followed by  a  more
comprehensive  45 hole diamond drilling ('DD') programme in 2008/2009 to define the initial uranium JORC code  compliant
Inferred Resource of 17.7Mt @ 296ppm U3O8 for 11.6Mlbs contained U3O8(100ppm cut-off).

To view Figure 1, Reverse Circulation Drilling Plan - 2007, please open the link in a new window:

http://media3.marketwire.com/docs/FORTEFIG1.jpg


To view Figure 2, Diamond Drilling Plan - 2008-09, please open the link in a new window:

http://media3.marketwire.com/docs/FORTEFIG2.jpg

Sample  availability during the re-sampling programme dictated that the older (2007) RC samples were  the  first  to  be
processed  and assayed. The first batch of results are shown in Table 1. Samples from the larger (2008/09) DD  programme
are currently at the laboratory and the results are expected to be announced imminently.

The  assay results from the RC drilling programme are in line with the Company's expectation, given the shallow,  widely
spaced  nature  of  this  first drill programme. The subsequent DD programme was more detailed and  intersected  thicker
sections of higher grade uranium mineralisation. It is anticipated forthcoming assay results from this programme  should
provide  a more complete picture of the REE distribution.   The distribution of individual metals within the TREO  suite
is  consistent  with  previously  announced samples, but a full analysis will not be  completed  until  all  assays  are
received.

Table 1. Rare Earth Element (REE) Assay results, 0.5% TREO cutoff

Hole_ID                 UTM E         UTM N                    azim        dip        from                 to      width      TREO
FRW1                    413210        1018149                  180         -60        36                   37      1          0.54%
FRW1                                                                                  39                   40      1          0.67%
FRW1                                                                                  41                   44      3          0.62%
FRW2                    413260        1018106                  180         -60        5                    6       1          0.55%
FRW3                    413254        1018133                  180         -60        3                    5       2          0.63%
FRW4                    413205        1018126                  180         -60        14                   16      2          0.53%
FRW8                    413059        1018147                  180         -60        16                   17      1          0.51%
FRW8                                                                                  38                   39      1          0.87%
FRW8                                                                                  57                   58      1          0.73%
FRW8                                                                                  63                   65      2          0.66%
FRW8                                                                                  80                   82      2          0.91%
FRW8                                                                                  85                   87      2          0.92%
FRW8                                                                                  88                   89      1          0.64%
FRW9                    413048        1018093                  180         -60        29                   30      1          0.55%
FRW9                                                                                  33                   34      1          0.62%
FRW9                                                                                  41                   42      1          0.61%
FRW9                                                                                  43                   45      2          1.12%
FRW11                   412946        1018151                  180         -60        70                   78      8          0.94%
FRW12                   412898        1018097                  180         -60        44                   50      6          2.83%
FRW13                   412852        1018099                  180         -60        46                   48      2          0.87%
FRW13                                                                                 49                   50      1          0.73%
FRW14                   412497        1018003                  180         -60        30                   31      1          0.58%
FRW14                                                                                 35                   36      1          0.74%
FRW14                                                                                 38                   46      8          1.34%
FRW15                   412497        1018003                  180         -60        19                   22      3          3.32%
FRW15                                                                                 25                   26      1          0.54%
FRW15                                                                                 28                   29      1          0.56%
FRW15                                                                                 32                   37      5          1.37%
FRW17                   412497        1018003                  180         -60        30                   39      9          1.44%
FRW17                                                                                 46                   49      3          1.66%
FRW18                   412402        1018052                  180         -60        20                   23      3          1.07%
FRW18                                                                                 51                   52      1          0.85%
FRW18                                                                                 54                   58      4          0.95%
FRW18                                                                                 60                   61      1          0.52%
FRW18                                                                                 75                   76      1          0.66%
FRW19                   412401        1018000                  180         -60        17                   18      1          0.62%
FRW19                                                                                 29                   33      4          0.94%
FRW19                                                                                 34                   35      1          0.69%
FRW19                                                                                 36                   37      1          0.67%
FRW19                                                                                 38                   41      3          1.05%
FRW22                   412050        1018053                  180         -60        2                    5       3          0.73%
FRW22                                                                                 7                    9       2          0.68%
FRW22                                                                                 15                   16      1          0.55%
FRW22                                                                                 28                   30      2          1.22%
FRW22                                                                                 46                   49      3          1.17%
FRW22                                                                                 51                   70      19         1.43%
FRW22                                                                                 71                   72      1          0.67%
FRW22                                                                                 74                   79      5          0.93%
FRW26                   411052        1017933                  180         -60        2                     3      1          0.50%
FRW26                                                                                 10                   11      1          0.50%
FRW26                                                                                 12                   13      1          0.53%
FRW26                                                                                 16                   18      2          1.09%
FRW26                                                                                 19                   20      1          0.67%
FRW26                                                                                 21                   23      2          0.57%
FRW27                   411002        1017953                  180         -60        23                   25      2          0.71%
FRW27                                                                                 28                   30      2          0.65%
FRW27                                                                                 31                   36      5          0.89%
FRW29                   410946        1017950                  180         -60        0                    7       7          0.34%
FRW29                                                                                 8                    21      13         0.71%
FRW30                   412949        1018101                  180         -60        32                   33      1          2.93%
FRW30                   412949        1018101                  180         -60        32                   33      1          0.50%
FRW30                                                                                 32                   40      8          1.02%
FRW31                   413002        1018086                  180         -60        4                    10      6          1.13%
FRW32                   413001        1018138                  180         -60        41                   47      6          0.47%
FRW34                   411267        1017936                  180         -60        35                   46      11         0.76%
FRW34                                                                                 57                   63      6          0.81%
FRW34                                                                                 66                   68      2          0.58%
FRW35                   413044        1018076                  180         -60        0                    1       1          0.53%
FRW35                                                                                 5                    36      31         1.26%
FRW35                                                                                 40                   41      1          0.90%
FRW35                                                                                 48                   49      1          0.59%
FRW35                                                                                 62                   68      6          0.56%





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

Jos Simson/Emily Fenton
Tavistock Communications                         Tel: +44 (0) 207 920 3150

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)


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. Mr. Gustafsson and Mr. Corley 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".

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