Forte Energy NL ACN 009 087 852 ASX, AIM and Media Release 10th November 2011 Drilling update for the A238 Prospect in Mauritania ------------------------------------------------------------------------------------------------------------- International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to announce that the RC drilling programme in Mauritania started on the 17th October 2011: Mauritania * Reverse Circulation (RC) drilling programme started on the 17th October 2011 at the A238 Prospect and a newly identified anomaly situated approximately 800m to the north west of A238 * A total of 23 holes, totalling 2,649m have been drilled up to the 7th November * Scintillometer readings from the RC chip samples have identified zones of mineralisation in 17 holes, near to surface and down to depths of over 200m * Samples have been sent to Zouerate for preparation and will then be sent to the Stewart Group Laboratories in Ireland, with chemical assay results scheduled in December * Analysis of assay results and a resource update from CSA Global Inc (UK) will be announced in Q1 2012. ------------------------------------------------------------------------------------------------------------- The start of the RC drilling campaign was focussed on testing the potential extensions of the mineralisation in the A238 Prospect both at depth and to the east and west of the original inferred resource outline. To view Figure 1: Mauritania Forte Energy Licences, please open the following link in a new window: [ http://media3.marketwire.com/docs/forte_1110_uk_fig_1.pdf ] By the 7th November a total of 1,945m (16 holes) had been drilled on the A238 Prospect (See Figure 2), with scintillometer readings identifying zones of mineralisation in 12 of the holes. Representative samples have been sent to Zouerate for preparation and will be sent to the Stewart Group laboratories in Ireland for analysis. Initial chemical assay results are expected in December. In addition to the drilling at the A238 Prospect, a small surface outcrop, approximately 800m to the north west of A238 was targeted and drilled. The first of 7 holes totalling 704m, identified zones of mineralisation from 9m below the surface to 31m and from 43m to 45m. The other 6 holes all intersected potential zones of mineralisation ranging from near to surface down to 170m. A zone of mineralisation potentially trending north west - south east over 200m has now been identified and drilling will continue to test the extensions of the mineralisation. Samples have been collected and are in the process of being sent to the sample preparation facility at Zouerate and initial assay results are anticipated in 5-6 weeks. To view Figure 2: A238 Prospect and A238NW Anomaly - Holes Drilled, please open the following link in a new window: [ http://media3.marketwire.com/docs/forte_1110_uk_fig_2.pdf ] Drilling will continue at the A238NW anomaly testing the potential mineralised zone. Based on the information from the drilling in this area, other anomalies in the vicinity may also be targeted before moving north to the Tisram (284) licence. Commenting on the 2011-2012 drilling campaign Mark Reilly, Managing Director of Forte Energy, stated: "The drilling campaign is progressing well and we are highly encouraged by the consistency of the ore body we are encountering, with 19 out of 23 holes intersecting mineralisation. Our understanding of the geology of the A238 license has significantly improved and we believe the strategy for Forte to substantially increase its resources in the short term remains firmly on track. We look forward to receiving the assay results from A238NW as well as from the A238 Prospect." Mark Reilly Managing Director For further information contact: Mark Reilly, Managing Director Forte Energy NL Tel: +44 (0) 203 384 9555 Rob Collins/Tarica Mpinga Canaccord Genuity Limited Tel: +44 (0) 207 050 6500 Bobby Morse/Katharine Sutton Buchanan Tel: +44 (0) 207 466 5000 Nicholas Read/Paul Armstrong Read Corporate Tel: +61 (0) 8 9388 1474 Stuart Laing RFC Corporate Finance Ltd Tel: +61 (0) 8 9480 2506 (AIM Nominated Adviser to the Company) Forte Energy NL Australia United Kingdom Suite 3, Level 3 3C Princes House 1292 Hay Street 38 Jermyn Street West Perth WA 6005 London SW1Y 6DN Ph: +61 (0)8 9322 4071 Ph: +44 (0)203 384 7474 Fax: +61 (0)8 9322 4073 Fax: +44 (0)207 287 8387 Email: [ info@forteenergy.com.au ] Email: [ info@forteenergy.co.uk ] Web: [ www.forteenergy.com.au ] Note: The information in this report that relates to Exploration Results is based on information compiled by Mr. Bosse Gustafsson, who is a Member of the European Federation of Geologists, a 'Recognised Overseas Professional Organisation' ('ROPO') included in a list promulgated by the ASX from time to time. Mr Gustafsson is a full time Technical Director of Forte Energy NL and is responsible for exploration activities in Mauritania and Guinea. Mr. Gustafsson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Gustafsson consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The information in this report that relates to the Mineral Resource at Bir En Nar in Mauritania is based on information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Neil Inwood of Coffey Mining Ltd. The information in this report that relates to the Mineral Resource at the A238 prospect in Mauritania is based on information compiled by Mr. Bosse Gustafsson or Forte Energy NL and Mr Galen White BSc (hons) FGS, MAUSIMM, Principal Geologist of CSA Global Inc (UK). The information in this report that relates to the Mineral Resource at Firawa in Guinea is based on information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Doug Corley of Coffey Mining Ltd. Mr. Gustafsson, Mr. Corley, Mr. Inwood and Mr. White have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaken to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Gustafsson, Mr. Corley, Mr. Inwood and Mr. White consent to the inclusion in this report of the matters based on their information in the form and context in which it appears. About Forte Energy Forte Energy is an Australian-based minerals company focused on the exploration and development of uranium and associated bi-products in Mauritania and Guinea in West Africa. The Company has an extensive pipeline of assets and total JORC resources of 45.5Mt @ 284ppm U3O8 for 28.5Mlbs contained U3O8 (100ppm cut-off). Its flagship assets are the A238 prospect (14.9Mlbs U3O8) and the Bir En Nar project (2.06Mlbs U3O8) in Mauritania, and the Firawa project in Guinea (11.6Mlb U3O8). The Company has also received encouraging rare earth elements results from Firawa, with a re-assay programme confirming correlation of REEs with uranium mineralisation. Forte Energy U3O8 JORC resources (all at a 100ppm cut-off): ------------------------------------------------------------------------------------------------------------- Project Resource Category M tonnes ppm U3O8 Contained U3O8 Mlbs ------------------------------------------------------------------------------------------------------------- Bir En Nar Indicated 0.55 886 1.0 -------------------------------------------------------------------------------- Inferred 0.78 575 1.0 -------------------------------------------------------------------------------- Total 1.33 704 2.0 ------------------------------------------------------------------------------------------------------------- A238 Inferred 26.5 256 14.9 -------------------------------------------------------------------------------- Total 26.5 256 14.9 ------------------------------------------------------------------------------------------------------------- Firawa Inferred 17.7 296 11.6 -------------------------------------------------------------------------------- Total 17.7 296 11.6 ------------------------------------------------------------------------------------------------------------- Total Indicated 0.5 886 1.0 -------------------------------------------------------------------------------- Inferred 45 277 27.5 -------------------------------------------------------------------------------- Total 45.5 284 28.5 ------------------------------------------------------------------------------------------------------------- Forte Energy's strategy is to target high grade uranium ore bodies and build a low cost West African- focused uranium producer. The Company is quoted on the Australian Stock Exchange (ASX: FTE) and AIM market of the London Stock Exchange (AIM: FTE). For more information, visit [ www.forteenergy.com.au ] ------------------------------------------------------------------------------------------------------------- FORTE ENERGY NL ACN 009 087 852 ASX / AIM CODE: FTE, Telephone: +618 9322 4071, Fax: +618 9322 4073 

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