Forge Resources Completes Underground Ramp and Starts Crosscut to Coal Seams
Forge Resources Completes Underground
Ramp and Starts Crosscut to Coal Seams
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2026) -
Forge Resources Corp.
(CSE:
FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("
FRG
" or the "
Company"
) is pleased to provide a technical
update from its fully permitted La Estrella coal project, located in Santander, Colombia. The Company is
excited to report that it has completed the underground ramp to operational depth and is commencing
the crosscut, a major milestone that marks the transition from ramp construction to direct advancement
toward La Estrella's coal seams.
Figure 1.
Final metres at the underground ramp face
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Junction and Crosscut Development
With the underground ramp completed, the La Estrella technical team has engineered the junction, from
the underground ramp, transitioning seamlessly into the crosscut towards the coal seams. The sequence
calls for installation of a perpendicular support arch at the junction axis, followed by placement of a steel
transition portal. The ramp's arch extensions will be anchored into this portal, securely tying the new
heading into the existing structure before advance into the coal-directed crosscut begins.
Figure 2.
Forge engineers Emilio Gene, Project Manager (left), and German Garcia, Senior Project
Engineer (right) review the junction section and crosscut design.
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The crosscut will initially advance using a 12.4 m² TH29 support section, matching the profile used along
the underground ramp. The crosscut will then transition to 9.0 m² support section; a lighter, faster profile
expected to accelerate advance rates for the remainder of the drive to the coal seams.
Figure 3.
Junction section and Crosscut transition design
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Full Steam Ahead to the Coal Seams
The crosscut is aimed on a direct line at La Estrella's stacked sequence of known coal seams. Reaching
them will mark a pivotal, near-term milestone on La Estrella's path toward extraction and cash flow,
moving the Company decisively closer to its core objectives for the Project.
Strengthening Market and Policy Environment
International coal benchmarks continue to demonstrate sustained strength. Newcastle FOB pricing
remains elevated relative to historical averages, reinforcing a favourable commercial backdrop for near-
term coal development.
The Company also notes that Colombia's recent presidential transition has signaled early indications of
a more supportive stance toward responsible resource development. Public statements from the
incoming administration have emphasized economic growth, energy reliability, and strengthening
industrial sectors, all of which align positively with the advancement of coal projects. These conditions
support favourable project economics as La Estrella advances toward its first coal access.
PJ Murphy, Chief Executive Officer of Forge Resources Corp.,
commented:
"Completing the underground ramp is a significant and exciting
milestone for Forge Resources. Excellent progress from our skilled
underground team has taken us to the crosscut that will take us straight into
the coal seams. Forge Resources is full steam ahead towards the extraction of
coal at La Estrella."
Qualified Person
The technical information contained in this news release has been reviewed and approved by Emilio
Gene, P.Eng., Project Director and Mining Engineer of the Company, a Qualified Person as defined
under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company. The Company holds an 80%
interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in
Santander, Colombia. La Estrella contains eight known seams of metallurgical and thermal coal.
The Company also holds an option on the Alotta project, a prospective porphyry copper-gold-
molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 km south-
east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal
belt in the Yukon Territory of Canada.
On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking information
includes, but is not limited to, statements regarding the continued advancement of the La Estrella
project, future underground development activities, potential expansion of site infrastructure, workforce
growth, expected benefits of road access improvements, ongoing environmental and reforestation
initiatives, and the Company's plans, objectives and expectations for the project. Forward-looking
information is based on the views, opinions, intentions and estimates of management at the date the
information is made, and is based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those
anticipated or projected in the forward-looking information (including the actions of other parties who
have agreed to do certain things and the approval of certain regulatory bodies). Many of these
assumptions are based on factors and events that are not within the control of the Company and there
is no assurance they will prove to be correct. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such information.
The Company undertakes no obligation to update forward-
looking information if circumstances or management's estimates or opinions should change except
as required by applicable securities laws, or to comment on analyses, expectations or statements
made by third parties in respect of the Company, its financial or operating results or its securities. The
reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
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