Forte Energy NL
AIM : FTE

August 05, 2015 02:00 ET

Slovakian Update

                                                                                           Forte Energy NL
                                                                                           ACN 009 087 852
                                                                                                          
                                                                                               AIM Release
                                                                                             5 August 2015

SLOVAKIAN UPDATE

Forte  Energy NL ("Forte" or "the Company") (AIM: FTE), provides the following update on its operations  in
the Slovak Republic.

LEGAL PROCEEDINGS

The Company advised on 14 June 2015 that lawyers acting on behalf of Ludovika Energy, the Slovak subsidiary
that  held  the Kursiskova Uranium permit, had filed court proceedings against the Ministry of  Environment
("Ministry"), in Slovakia in respect to its decision not to grant the extension of the Uranium Permits.

The  Company now advises that Ludovika Energy is in the final stages of negotiating an agreement  with  its
lawyers that would see the deferment of any payment of fees or costs associated with the proceedings  until
the outcome of those proceedings is determined, with fees payable only if the outcome is favourable.

LICENCE APPLICATIONS

The  Company also advises that the applications Ludovika currently has before the Ministry for  Rare  Earth
exploration  licences over the area of the Kuriskova and Novoveska Huta uranium projects  are  still  being
processed by the Ministry.

The Company will update shareholders as developments occur.

As  stated previously, shareholders should note that the legal proceedings are separate and independent  to
the applications that Ludovika has before the Ministry for Rare Earths.



For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                          Tel: +61 (0) 8 9322 4071

Oliver Morse
RFC Ambrian Ltd                          Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)


Forte Energy NL

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: info@forteenergy.com.au
Web: www.forteenergy.com.au

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  • Forte Energy NL