Forge Resources Reports Increased Gold Screen Assay Results from Payoff Zone at Alotta Project, Yukon

On October 15, 2025, Forge Resources announced updated assay results for two previously drilled holes, ALT-25-008 and ALT-25-009, from the Payoff Zone at its Alotta Project in the Yukon. Due to the discovery of visible gold on the property, the company re-analyzed select samples using a metallic screening method, which is more accurate for coarse gold. This re-analysis resulted in an overall increase in gold grades compared to the initial fire assays.

Key results include: * Hole ALT-25-008: 145.21 metres of 0.407 g/t gold, a 10.6% increase from the original assay. * Hole ALT-25-009: 53.22 metres of 0.481 g/t gold, a 7.1% increase, including a high-grade section of 8.61 metres grading 1.08 g/t gold which saw a 39% improvement.

The company stated these results confirm the presence of coarse gold and expand the mineralized footprint to over 350m along strike and 200m in width, remaining open in all directions. Assays for the more recent hole ALT-25-012, which intersected visible gold, are still pending. Concurrently, the company granted 1.25 million stock options at an exercise price of $0.74.

The news is positive as it confirms the geological thesis of a coarse gold component within the mineralized system at the Alotta Project. The metallic screen assays successfully increased the overall grade in the reported intercepts, which is a net positive for the project's potential economics. This de-risks the project to a degree by validating the presence and significance of coarse gold. The issuance of 1.25 million options at an exercise price of $0.74, which was the closing price on the day prior to the release, signals confidence from management and consultants.

However, the impact is rated as "Routine" for several reasons: 1. Incremental, Not Transformative: While positive, the grade increases are incremental. The overall grades remain in the sub-1.0 g/t range, consistent with a bulk-tonnage porphyry target. This is not a high-grade discovery that would fundamentally alter the company's valuation. 2. Expected Procedure: Using metallic screen assays after observing visible gold is a standard industry practice. The positive outcome was therefore somewhat anticipated following the company's prior announcements of visible gold. 3. Anticipation of Other News: The market is highly focused on the pending assay results from hole ALT-25-012, which was described in the September 30th news release as having a "spectacular intersection" with "numerous grains of coarse visible gold." The current news, while good, is a technical update on older holes and not the primary catalyst investors are waiting for.

The stock rallied from a low of $0.44 in September to $0.74 leading into this news, suggesting significant anticipation was already priced in. This news provides fundamental support for that rally but may not be enough on its own to drive a further significant move until the key assays from ALT-25-012 are released.

Forge Resources Corp. is a Canadian junior mineral exploration company focused on its flagship Alotta gold-copper porphyry project located in the Yukon, Canada. The project consists of 230 claims covering 4,723 hectares. The company highlights the project's proximity (50 km southeast) to Western Copper and Gold's Casino deposit, one of the world's largest undeveloped copper-gold porphyry projects. Forge is in the early stages of exploration, having completed a Phase I and currently conducting a Phase II drill program to define the size and grade of the mineralized system at the Payoff and Alimony zones.