Environmental Impact Statement (DIA) Approval For Pucarini High Sulphidation Epithermal Gold Project

VANCOUVER - Forte Minerals Corp. announced the receipt of the Environmental Impact Statement (DIA) approval for its Pucarini Gold Project, a high sulphidation epithermal Au system located in the department of Puno, in Southern Perú. The Company is delighted to be awarded the DIA approval by the Peruvian Ministry of Energy and Mines (MINEM) after more than 2 years of environmental baseline studies, archeological assessments, social engagement, and government processing. The DIA is an extensive environmental authorization that enables the Company to drill up to 40 platforms over a 5-year timeline. The final drill permit will be delivered by MINEM upon completion of the prior consultation process (Consulta Previa) with the local indigenous communities.

Pucarini comprises 1000 ha of prospective ground for high sulphidation epithermal Au mineralization. This property has been the Company's primary focus for Au exploration. The project contains multiple Au bearing advanced argillic alteration zones within a larger 3.6 km x 1.8 km argillic alteration footprint. These zones coincide with anomalous Au in soil and rock geochemistry grading up to 6.89 g/t Au and 2.6 g/t Ag as well as a strong resistivity and chargeability IP geophysical anomaly.

President and CEO, Patrick Elliott, said, “This is an outstanding project with the key elements of a productive high sulphidation epithermal Au system. The DIA approval is a significant milestone, and we are thrilled to have an opportunity to maiden drill test this property.

The argillic and advanced argillic alteration zones on the property were recognized by GlobeTrotters Resources Perú S.A.C. (GlobeTrotters) as a high priority alteration target compiled from the in-house processing of ASTER satellite imagery for the entire Peruvian Cordillera. The ASTER processing proved highly effective at mapping out hydrothermal alteration mineral assemblages associated porphyry Cu and high sulphidation epithermal Au systems.

GlobeTrotters' project generation process is very intuitive and takes multiple years to explore and advance targets to the drill ready stage. It has been very effective in the discovery of several highly prospective projects, including our Pucarini Au project and Element 29's Elida porphyry Cu-Mo deposit.”