Forte Minerals hopes for deal with Alto Ruri community

Executive Summary

• Forte Minerals provides material exploration updates on its Alto Ruri and Pucarini projects in Peru, detailing community engagement progress, historical drilling data, and recent exploration results.
• At Alto Ruri, the company is advancing toward a long-term community agreement to systematically explore a district-scale high-sulphidation epithermal gold system, leveraging historical high-grade intercepts and untested geophysical anomalies.
• At Pucarini, a completed 5-hole, 1,530m drill program confirmed a hydrothermal system with anomalous Au, Cu, and Mo in one hole, while management reaffirms its primary strategic focus on advancing Alto Ruri for 2026.

Key Details

• Alto Ruri Project Location & Strategy: Located approximately 15 km from Barrick's past-producing Pierina gold mine; strategic focus is on securing a long-term community agreement to systematically explore the high-sulphidation epithermal gold system.
• Alto Ruri Geological Target: District-scale system includes a 2 km x 1.5 km advanced argillic alteration zone that has never been systematically tested with modern geophysics or drilling.
• Alto Ruri Historical Drilling (1997, Compania de Minas Buenaventura): 12 holes totaling 2,254.5 metres; Hole 001-97 returned 131 metres of 2.55 g/t Au, including 54 metres of 5.39 g/t Au.
• Alto Ruri Geophysics: Historical CSAMT data identifies high-resistivity anomalies interpreted as potential untested gold-bearing vuggy silica alteration targets at depth.
• Pucarini Project Drill Program: Completed a 5-hole, 1,530-metre exploration program at the 100%-owned project in southern Peru.
• Pucarini Results: Drilling confirmed the targeted hydrothermal system; assay results returned anomalous gold, copper, and molybdenum values in one hole, with no significant mineralization intersected in the remaining four holes.
• Pucarini Status: Equipment has been demobilized and environmental remediation will be completed.
• Corporate & Strategic Outlook: Backed by two recent strategic investors and a strengthened balance sheet; primary focus remains on executing 2026 exploration goals at Alto Ruri and evaluating additional copper-gold portfolio opportunities.

Notable Quotes

• Patrick Elliott, President & CEO: "Pucarini presented a robust surface anomaly that warranted a first-pass test. We are proud of our team's ability to execute a safe, cost-effective program at Pucarini. Our primary strategic focus remains on advancing the historically discovered Alto Ruri high-sulphidation gold project."