Forte Minerals closes $5.7-million private placement

Mr. Patrick Elliott reports FORTE MINERALS CLOSES A SECOND C$5.7 MILLION STRATEGIC INVESTMENT AND ADDITIONAL PARTICIPATION FROM EXISTING STRATEGIC INVESTOR Forte Minerals Corp. has closed its previously announced non-brokered private placement with a second strategic investor for aggregate gross proceeds of $5.7-million. Under the offering, the company issued 6,333,333 common shares at 90 cents per share. In accordance with the investor rights agreement dated July 23, 2025, the first strategic investor exercised its right to maintain its existing ownership position by acquiring 699,060 common shares at 90 cents per share for additional gross proceeds of $629,154. As a result, total gross proceeds from the combined placements with both strategic investors amount to approximately $6,329,153 through the issuance of 7,032,393 common shares. All securities issued are subject to a statutory four-month-and-one-day hold period expiring March 4, 2026. Patrick Elliott, president and chief executive officer, commented: "Closing this placement marks another milestone for Forte. Within three months, we've welcomed two strategic investors who share our long-term vision and confidence in the quality of our Peruvian portfolio. Their participation strengthens Forte's shareholder base and positions the company to accelerate its copper-gold exploration programs with meaningful momentum. "We extend our sincere thanks to both new and existing shareholders for their continued confidence and support as we advance Forte's growth strategy in Peru." Use of proceeds Proceeds from the offering will be used to advance exploration across Forte's portfolio of four Peruvian projects. A portion of the funds will also support general working capital and corporate purposes. The company also granted 150,000 stock options to consultants pursuant to its existing stock option plan. All options are exercisable at $1.25 per share for a period of five years subject to the terms of the plan and applicable regulatory approvals. About Forte Minerals Corp. Forte Minerals is an exploration company with a strong portfolio of high-quality copper and gold assets in Peru. Through a strategic partnership with GlobeTrotters Resources Peru SAC, the company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The company is committed to responsible resource development that generates long-term value for shareholders, communities and partners. We seek Safe Harbor.