Forge Resources continues phase II drilling at Alotta

Mr. P.J. Murphy reports FORGE RESOURCES INTERSECTS ADDITIONAL VISIBLE GOLD IN FIRST HOLE OF PHASE II ALOTTA DRILL PROGRAM, YUKON Forge Resources Corp. is detailing its initial observations of mineralization from the first diamond drill hole of the phase II 2025 drill program at the Alotta gold-copper porphyry property. ALT-25-012 intersected polymetallic veins, with one containing numerous grains of coarse visible gold. Drilling is currently under way at the Alimony target and the company expects to complete an additional three to four holes during this program. Highlights: At the Payoff zone, hole ALT-25-012, collared approximately 200 metres (m) to the west of previous drilling, intersected numerous occurrences of visible gold from a sulphide-rich quartz vein. Diamond drilling has now tested the lower Payoff zone over a 500 m strike length, with all holes consistently intercepting combined porphyry and vein style mineralization. Widespread quartz-sulphide (pyrite, pyrrhotite, molybdenite and chalcopyrite) veining has been encountered throughout hole ALT-25-012, consistent with gold-bearing vein and porphyry style mineralization previously observed at the Payoff zone, including near-surface polymetallic pyrite-pyrrhotite-arsenopyrite-sphalerite veins. Drilling has commenced at the Alimony target, approximately 800 m to the northwest of the Payoff zone. The Alimony target is a 300 by 500 m gold and molybdenum soil anomaly that has never been drilled. After the successful completion of the phase I program, which intersected gold-enriched mineralization in all drill holes (see news release dated Sept. 8, 2025), phase II drilling began with a hole collared 215 m to the west of previous drilling at the Payoff zone. Hole ALT-25-012 has encountered similar, veining and alteration as previous holes, increasing the known strike length of the Payoff zone to 500 m. The zone remains open in all directions. The Payoff zone is a gold-enriched area of widespread, near-surface, quartz-sulphide and sulphide (pyrite-pyrrhotite plus or minus chalcopyrite plus or minus molybdenite) mineralization that is thought to lie peripheral to a large porphyry centre. Inaugural drilling at this zone returned a discovery interval of 219 m grading 0.46 gram per tonne (g/t) gold (Au), including 22.45 m grading 1.20 g/t Au from drill hole ALT-23-001 (see news release dated Feb. 29, 2024). The zone is characterized by a large (500 by 600 m) overlapping gold and copper soil geochemical anomaly that overlies a magnetic low. The Alimony target is an undrilled molybdenum soil anomaly with overlapping gold-in-soil values in the westernmost part of the property that coincides with the boundaries of magnetic high and low signatures. Drill hole ALT-25-013, which is currently being drilled, is designed to test the soil anomaly. P.J. Murphy, chief executive officer, states: "The native gold bearing quartz vein at the Payoff zone is a spectacular intersection that demonstrates the potential for significant mineralization throughout the Alotta property as we search for a high-grade porphyry centre. We are excited to see the remaining drill holes, all of which test new targets for the remainder of phase II drilling." ALT-25-012 Hole ALT-25-012 was collared 215 m to the west of holes ALT-25-008 and ALT-25-009, both of which were drilled during phase I drilling. At 287.32 m downhole, drilling intersected a low-angle-to-core-axis quartz vein (approximately 10 centimetres (cm) wide) hosting numerous grains of visible gold and bismuthinite, along with disseminated to semi-massive pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite and sphalerite. The hole cut granodiorite and porphyritic rocks, which are altered for the entirety of the drill hole. Alteration includes pervasive secondary biotite that is overprinted by intense silicification, and widespread chlorite and sericite alteration, which become stronger around areas of veining. The hole intersected significant near-surface alteration, veining and sulphide mineralization. Vein-hosted pyrite, molybdenite, chalcopyrite and pyrrhotite were encountered over the length of the hole, with the strongest veining found in the upper 100 m. Several semi-massive sulphide veins hosting pyrrhotite-pyrite-arsenopyrite plus or minus sphalerite were encountered in the upper 60 metres of the hole. Drill core from this hole is currently being logged and processed on site and will be submitted for analysis upon completion. Results will be released after being received and checked for quality assurance and quality control (QA/QC). Proximity to measured and indicated resources The Alotta property consists of 230 mineral claims that covers approximately 4,723 hectares in a similar geological setting to Western Copper and Gold's Casino deposit, which is located 50 kilometres (km) to the southeast. The Casino deposit is one of the largest undeveloped copper-gold porphyry projects in the world. Options The company also announces the issuance of an aggregate of 500,000 options to a consultant of the company. Each option allows the holder to purchase one common share of the company upon the terms and conditions of the option agreement. The options are exercisable over a two-year term expiring on Sept. 30, 2027, at a price per share of 51 cents. About Forge Resources Corp. Forge Resources is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 km southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in Yukon, Canada. In addition, the company holds an 80-per-cent interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal. Qualified person Lorne Warner, president and PGeo, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical disclosure in this news release. We seek Safe Harbor.