CUAU.CN · 2025-07-16 12:00:00

Forte Minerals Secures C$5.7 Million Strategic Investment to Advance Alto Ruri Project

Financings

For Immediate Release July 16, 2025

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

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

“Company”) (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), is pleased to announce a non-

brokered private placement with a strategic investor (the “ Investor”), who will acquire

6,326,066 common shares at a price of C$0.90 per share, for gross proceeds of approximately

C$5,693,459 (the “Strategic Placement”). Upon closing of the Strategic Placement, the Investor

will own 9.99% of Forte’s issued and outstanding common shares on a non- diluted basis ,

establishing a meaningful long-term position in Forte’s growth and exploration strategy.

The C$0.90 offering price reflects a premium to Forte’s current market value, underscoring the

Investor’s conviction in the Company’s long-term potential.

Patrick Elliott, President and CEO of Forte, commented: “This strategic investment marks a

significant milestone for the company. It reflects strong conviction in the long- term value of our

portfolio and validates the quality of our exploration pipeline. We’re excited to begin what we see

as a long- term, collaborative relationship that supports our vision to unlock meaningful copper

and gold discoveries in Perú.”

The proceeds from the Strategic Placement will be primarily used to advance Forte’s Alto Ruri

high-sulfidation epithermal gold project in Per ú (“Alto Ruri ”), with at least 80% of the funds

dedicated to exploration activities at Alto Ruri. The remaining funds will support general working

capital and corporate purposes.

In connection with the Strategic Placement, Forte and the Investor will enter into an I nvestor

Rights Agreement whereby the Investor is entitled to certain rights , subject to the Investor

maintaining certain ownership thresholds in the Company, including technical information sharing

rights and the right to participate in future equity financings and top-up its holdings in relation to

dilutive issuances in order to maintain its percentage ownership interest in the Company. The

Investor has also agreed to voting support and standstill covenants.

In addition, under the Investor Rights Agreement the Investor and Forte will:

• form a joint technical advisory committee; and

• collaborate on community engagement and long-term access strategies.

The closing of the Strategic Placement is expected to occur on or around July 23, 2025, subject

to regulatory approvals. All shares issued pursuant to the Strategic Placement will be subject to

a statutory hold period of four months and one day from the closing date.

This investment signals a firm belief in Forte’s vision, technical leadership and the significant long-

term value potential of Alto Ruri. This collaboration marks a major step in executing the strategy

Forte has been actively advancing; to deliver pipeline projects that fuel the major developers and

producers.

ABOUT FORTE MINERALS CORP.

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

and gold assets (Au) in Perú. Through a strategic partnership with GlobeTrotters Resources Perú

S.A.C., the Company gains access to a rich pipeline of historically drilled, high- impact targets

across key mineral belts.

Forte is committed to responsible resource development, creating long-term value, and fostering

lasting partnerships with stakeholders and communities.

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 relating to the terms of the Strategic Placement, the timing for completion

of the Strategic Placement and the intended use of proceeds of the Strategic Placement. 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 press 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 those 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 difficult 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 b e 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 or statements 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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