Forge Resources Provides Progress Update in Decline Development at Fully-Permitted La Estrella Coal Project

Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company) is pleased to announce significant progress in its ongoing development initiatives, with noteworthy advancements in the decline at La Estrella.

Advancement of La Estrella Decline

The Company's decline is progressing swiftly, marking a significant step forward in its strategic development. This milestone is particularly encouraging as the Company transitions to a more mechanized approach, bolstered by the recent arrival of an enhanced selection of development machinery. The new equipment is expected to significantly improve the pace of progress, optimize operational efficiency, and ensure adherence to stringent safety and quality protocols.

Moreover, the Company is highly satisfied with the observed rock structure. The competency and stability of the rock have exceeded expectations, providing additional confidence in the project's feasibility and long-term success. Forge remains committed to leveraging these favorable conditions to further expedite development while maintaining the highest standards of environmental and operational responsibility.

PJ Murphy, CEO states: "The steady progress of our decline represents many months of strategic planning. The transition to a more mechanized approach, coupled with the arrival of additional equipment, is expected to accelerate development while upholding our commitment to safety, efficiency, and environmental responsibility."

Figure 1. Workers scale rock from development face

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Figure 2. Worker torques fasteners on steel arches

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Figure 3. Muck being transported to the dump staging area

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Figure 4. Arial view of development area of interest

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About Forge Resources Corp.

Forge Resources Corp. is a Canadian-listed junior exploration company. The Company holds a 60% interest with a with a formalized agreement in place to acquire 80% 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 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.