Forge Resources Announces the Commencement of Drilling at Alotta, Yukon

Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased to announce the commencement of drilling at Alotta project, Yukon and the oversubscribed closing of its previously announced flow through financing, and options.

The drill crews commenced drilling on the evening of June 2. The first hole (ALT-25-007, Azimuth 310, Dip: -50) has an anticipated depth of 300 metres (Figure 1). Early observations are promising, revealing strong mineralization within the top 25 metres of the hole, with significant veining and favorable alteration. Patchy biotite alteration, moderate local silicification, disseminated pyrite, and deeper occurrences of sericite have been observed. The majority of veining hosts pyrite, minor chalcopyrite and chalcopyrite-molybdenite veins.

Drilling has now intersected a 50-metre-wide zone of intense silicification, sericite, pyrite, and localized chlorite alteration. This area represents a textbook phyllic alteration zone, characterized by abundant disseminated pyrite, narrow quartz breccias, and pyrite stringers.

Lorne Warner P.Geo, President of Forge Resources states: "We are thrilled to announce that our first drill hole at the Alotta project has revealed significant veining and highly favorable alteration within the top 25 metres. This includes a well-developed phyllic alteration zone, which aligns perfectly with our geological model. These exciting results mark a promising start, and we eagerly anticipate further discoveries as drilling continues."

Pad building is underway to facilitate step-out drilling in the Payoff Zone for planned holes, ALT-25-008/009). The Payoff Zone is host to hole ALT-23-001 that intercepted 211.65 metres of 0.46 grams/tonne gold from the 2023 maiden drill program.

We remain committed to keeping our stakeholders informed and will provide further updates as new information becomes available.

Figure 1 - Drilling operations at ALT-25-007

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https://images.newsfilecorp.com/files/8680/254679_405d1b22547b1941_001 ...

Drill Plan Recap for Spring/Summer 2025

As announced on April 16, 2025, the Forge technical team, in collaboration with Archer Cathro and Associates, has designed a summer exploration program comprising of up to 4000 metres of diamond drilling across 12 proposed diamond drill holes, each with an average depth of 300-350 metres. These efforts will be directed towards step-out drilling within the Payoff Zone and untested coincident geophysical and geochemical anomalies across a 4 km by 1 km area. The Company's drill plan for the 2025 season intends to evaluate the most promising drill locations based on their respective merits to test for porphyry-style mineralization.