Forsys Metals Announces Strategic Leadership Change to Drive Transformational Growth

Toronto, Ontario--(Newsfile Corp. - June 15, 2026) - Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) ("Forsys" or the "Company") is pleased to announce proposed changes to its Board and executive leadership team, positioning the Company to capitalize on strong global momentum supporting nuclear energy.

HIGHLIGHTS

• Highly experienced and successful uranium industry leader and proven team builder , Mr. John Borshoff, to join Forsys with a strategy focused on growing the Company into a global uranium enterprise.

  • Mr. Borshoff will commence as CEO, President and Executive Director immediately following the Company's forthcoming annual and special shareholders meeting to be held on July 31, 2026 (the "Meeting"), if elected by shareholders at the Meeting and subject to the Shareholder Approvals and TSX Approval described below.

  • Until the Meeting, Mr. Borshoff will act as Interim President and will be involved in the day-to-day management of the Company, including commencing implementation of the Company's new strategic plan.

• Value creation strategy to deliver Forsys' new growth objectives and enhance shareholder value, benefitting from Mr. Borshoff's past successes in the uranium sector:

  • Advance the Company's wholly-owned Norasa Uranium Project in Namibia towards development readiness.

  • Commence concurrent evaluation for strategic mergers and acquisitions (M&A) to build a diverse project pipeline of development and production options in a resource-constrained uranium market experiencing rising global energy demand and future uranium supply shortage.

  • Build a team to successfully deliver the Company's vision.

• Forsys Chairman Martin Rowley and Interim President John Borshoff will host an investor webinar tomorrow, Tuesday 16^th June at 8am EDT (8pm AWST / 10pm AEST) with details outlined in the announcement.

Appointment of President/CEO

The Company is pleased to announce that, if elected by shareholders at the Meeting and subject to the Shareholder Approvals and TSX Approval described below, Mr. Borshoff will commence as President/CEO and Executive Director of the Company following the Meeting. Effective immediately, and in advance of the Meeting, Mr. Borshoff has been appointed as Interim President of the Company, and will be actively involved in implementing the Company's strategy, supporting day-to-day management.

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