CUAU.CN · 2025-06-16 12:00:00

Forte Minerals Corp. Closes Oversubscribed Private Placement Offering

Financings

For Immediate Release June 16, 2025

“Not for distribution to United States newswire services or for dissemination in the United States.”

VANCOUVER, British Columbia, June 16, 2025 – Forte Minerals Corp. (“Forte” or the

“Company”) (CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ), a copper -gold exploration

company focused on Peru, has successfully closed its oversubscribed non- brokered private

placement, raising gross proceeds of C$2,690,000.

A C$2.4 million financing was initially announced on May 23, 2025. It was met with high investor

demand, resulting in the issuance of 6,725,000 units at a price of C$0.40 per unit, and within the

right of increase reserved by the Company.

Each unit consisted of one common share (a “Share”) and one -half of one common share

purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase

one additional Share at an exercise price of C$0.60 until June 13, 2027.

The Warrants are subject to an accelerated expiry if the Company’s shares close at or above

C$0.90 for 20 consecutive trading days, upon which the Company may issue a notice accelerating

the term of the Warrants to a period of 30 days following such notice.

All securities issued are subject to a statutory hold period expiring on December 14, 2025, in

accordance with applicable Canadian securities laws.

In connection with the Offering, the Company paid total cash finder's fees of C$97,120 and issued

231,550 finder’s warrants, on the same terms as the Warrants, to certain eligible parties.

Use of Proceeds: The net proceeds of the Offering will be used to advance exploration and

corporate initiatives across Forte’s portfolio, including:

• Pucarini: Inaugural five-hole drill program (1,750m), targeting a high- sulphidation gold

system. Set to kick off in July of 2025.

• Esperanza: Magnetotelluric (MT) survey to refine drill targeting.

• Alto Ruri: DIA drill permitting, surface geophysics (IP & CSMAT), sampling, and

community agreements.

• Working Capital

Insider Participation: Certain directors and officers of the Company participated in the Offering,

subscribing for a total of 50,000 Units. This participation is considered a "related party transaction"

under Multilateral Instrument 61 -101. The Company has relied on exemptions from the formal

valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(b).

President and CEO Patrick Elliott commented: “We are proud to have closed this financing above

our original target, which validates market interest in Forte’s exploration strategy and our high-

impact Peruvian copper-gold portfolio. We look forward to kicking off our summer drill program at

Pucarini.”

ABOUT FORTE MINERALS CORP.

Forte Minerals Corp. is an exploration company with a strong portfolio of high- quality copper

(“Cu”) and gold ( “Au”) assets in Perú. Our strategic partnership with GlobeTrotters Resources

Perú S.A.C. (“GTR”) grants us access to a comprehensive project pipeline, enabling us to target

the most promising opportunities. This collaboration focuses on historically discovered, drill-ready

targets, driving significant value in Cu and Au resource development.

On behalf of FORTE MINERALS CORP.

(signed) “Patrick Elliott”

Chief Executive Officer

For further information, please contact:

Forte Minerals Corp.

office: (604) 983-8847

[email protected]

www.forteminerals.com

Certain statements included in this press release constitute forward- looking information or statements (collectively, “forward -looking statements”),

including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the

extent they relate to the Company or its management. The forward- looking statements are not historical facts but reflect current expectations regarding

future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's

current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this

new release. Forward -looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and

subject to known and unknown risks and uncertainties that could cause actual results to differ materially from thos e expressed or implied by such

statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the

Company's latest management’s discussion and analysis, which is available under the Company's SEDAR+ profile at www.sedarplus.ca, and in other

filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are diffi cult to predict.

Factors that could cause the actual results to differ materially from those in forward -looking statements include the continued availability of capital and

financing, and general economic, market or business conditions. Forward -looking statements contained in this press release are expressly qualified by

this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and

unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially di fferent from those implied

by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements

will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company

assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should

not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the pol icies of the CSE) accepts

responsibility for the adequacy or accuracy of this release.

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