Forge Resources Announces All Drill Holes at Alotta Successfully Intersected Porphyry-Related Gold Mineralization, Highlighting Growing Precious Metal Opportunity

Executive Summary

• Forge Resources Corp. announces final assay results from the last two drill holes (ALT-25-010 and ALT-25-011) of its Phase 1 diamond drilling program at the Alotta property in the Yukon Territory, completing the 2025 phase with 1,422.91 m across 5 holes.
• The company is filing an independent NI 43-101 Technical Report on the Alotta Project, prepared by JP Exploration Services Inc., effective May 25, 2025.
• Phase 2 drilling is scheduled to commence in September 2025 to test the Commission and Alimony targets, which are un-drilled copper-gold anomalies located east and west of the current drilling footprint.

Key Details

• Phase 1 Completion: A total of 1,422.91 m within 5 drill holes were completed in the 2025 Phase 1 program. Since 2023, a total of 11 drill holes (4,082.91 m) have been completed at the Payoff and Severance zones.
• Geological Context: All drill holes to date have encountered gold-bearing porphyry-style quartz-sulphide veins (pyrite, pyrrhotite, molybdenite, chalcopyrite) and widespread alteration, reinforcing the presence of a large porphyry system.
• Severance Zone Results (New Holes):
  • Hole ALT-25-011: Returned mineralization over the entire length (300 m). Key intervals include:
    • 30.59 m grading 0.339 g/t Au, 0.34 g/t Ag, and 0.025% Cu (starting at 23.71 m).
    • 59.97 m grading 0.346 g/t Au, 0.18 g/t Ag, and 0.019% Cu (starting at 152.32 m).
    • 52.27 m grading 0.247 g/t Au, 0.21 g/t Ag, and 0.012% Cu (starting at 236.88 m).
  • Hole ALT-25-010: Returned mineralization over the entire length (286.91 m), including 31.71 m grading 0.361 g/t Au, 0.14 g/t Ag, and 0.018% Cu (starting at 22.14 m).
  • Hole ALT-25-007 (Previously Announced): Returned 300.72 m grading 0.224 g/t Au, 0.48 g/t Ag, and 0.026% Cu. Higher-grade intervals include 53.96 m grading 0.280 g/t Au and 0.047% Cu, and 53.48 m grading 0.452 g/t Au. The hole remains open at depth.
• Payoff Zone Results (Previously Announced):
  • Hole ALT-25-008: Returned 273 m grading 0.252 g/t Au, 0.674 g/t Ag, and 0.015% Cu. Includes 118.0 m grading 0.416 g/t Au and a high-grade subinterval of 1.26 m grading 9.53 g/t Au.
  • Hole ALT-25-009: Returned 240.42 m grading 0.204 g/t Au, 0.51 g/t Ag, and 0.014% Cu. Includes 85.27 m grading 0.373 g/t Au and a subinterval of 53.22 m grading 0.449 g/t Au.
• Drill Plan Data (2025 Holes):
  • ALT-25-007: 305 m length, Azimuth 310, Dip -50.
  • ALT-25-008: 279 m length, Azimuth 135, Dip -60.
  • ALT-25-009: 252 m length, Azimuth 225, Dip -60.
  • ALT-25-010: 286.91 m length, Azimuth 090, Dip -55.
  • ALT-25-011: 300 m length, Azimuth 270, Dip -65.
• Future Plans: Phase 2 drilling will target the Commission (1,000 m east) and Alimony (500 m west) anomalies. The company notes that copper grades in the Severance Zone are comparable to the Payoff Zone, suggesting a vector toward increasing copper mineralization.
• Technical Report: The NI 43-101 report is titled "NI 43-101 Technical Report on the Alotta Project in the Dawson Range Copper-Gold Belt," dated June 24, 2025, prepared by Jean Pautler, P.Geo.

Notable Quotes

• "I continue to be impressed by the consistency of mineralization we are seeing in the drill holes at the Alotta property. To date, our early-stage drilling has consistantly encountered widespread, near-surface, mineralization in every drill hole and we believe the best part of this system is yet to be found. With less than 1% outcrop exposure on the Alotta property, each drill hole adds valuable information to our exploration model and gets us one step closer to untapping the potential for a copper-porphyry system on the property." — PJ Murphy, CEO