Forte Energy NL ACN 009 087 852 ASX, AIM and Media Release 15th February 2012 Assay results in Mauritania confirm extensions at depth at the A238 Prospect. International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to announce that the drilling campaign at the A238 Prospect has been completed and further assay results have confirmed mineralisation at depth below the existing resources. An initial Reverse Circulation (RC) programme of 3,000m was started at the Hassi Baida calcrete area on the 6th February and is scheduled to be completed by the end of February. Highlights - Mauritania * Initial drilling programme at A238 completed with 63 holes totalling 8,567m. * Further assay results from seven longer holes have confirmed mineralisation at depth below the current resource model. Notable intersections include: - RC132: 14m @ 274ppm U - RC134: 16m @ 377ppm U - RC135: 6m @ 299ppm U - RC137: 7m @ 255ppm U - RC139: 7m @ 646ppm U 4m @ 437ppm U 4m @ 399ppm U 7m @ 273ppm U - RC143: 10m @ 485ppm U 6m @ 415ppm U * Approximately 75% of the assay results have been received with the remainder due before the end of March. * Compilation of the A238 resource upgrade started and scheduled to be completed by the end of March. Mauritania Following the initial assay results released on the 23rd January for the first 36 holes drilled at the A238 Prospect, the Company has now received further assay results from the Stewart Group Laboratories in Ireland from another seven RC holes from the 63 hole programme at the A238 Prospect. To view Figure 1: A238 RC drilling, please open the following link in a new window: [ http://media3.marketwire.com/docs/forte_1.pdf ] The seven RC holes were the first of a series of holes planned to the north east and south west of the existing resource outline to determine the potential extension of the mineralisation at depth through deeper angled holes. The assay results confirm mineralisation in the central area between cross section profiles L45 and L58, (approximately 0.7km of strike extent) extending down to over 200m below surface and to over 250m on profile L56 in RC 134. On cross section profile L56 (see Figure 2), two scissors holes were drilled: RC 133 from the southern side of the resource and RC 134 from the northern side. RC 133 was drilled at 60 degrees and intersected 25m @ 357ppm U from 172m. RC 134 was drilled from the north at an angle of 60 degrees and intersected intermittent mineralisation from 227m down to 301m including 16m @ 377ppm U from 285m below surface. To view Figure 2: A238 Section L56, please open the following link in a new window: [ http://media3.marketwire.com/docs/forte_2.pdf ] On cross section profile L47, RC 139 was drilled at 60 degrees from the north and intersected intermittent mineralisation from 112m down to 217m. This included 7m @ 646ppm U with grades over 1,650ppm U from 178m, 4m @ 437ppmU from 193m, 4m @ 437ppmU from 204m and 7m @ 273ppm U from 210m. (See Figure 3) To view Figure 3: A238 Section L47, please open the following link in a new window: [ http://media3.marketwire.com/docs/forte_3.pdf ] Further assay results from the remaining twelve A238 holes are expected later in the month and the compilation of the A238 resource upgrade has been started and is scheduled to be completed by the end of March. The initial RC drilling programme at Hassi Baida is 3,000m and will test several near to surface calcrete deposits, covering over 12km2. Historical works completed by the Company, including trenching and pits, have identified high grade mineralisation in close proximity to the surface. Table 1: A238 Prospect - Further drilling assays License Prospect Hole Id East North Inclination From To Interval Average WGS84 WGS84 Degrees (m) (m) (m) Grade U (ppm) LEGLEYA 286 A238 RC131 284220 2771861 60 169 171 2 318 LEGLEYA 286 A238 RC131 284220 2771861 174 177 3 371 LEGLEYA 286 A238 RC131 284220 2771861 193 195 2 323 LEGLEYA 286 A238 RC131 284220 2771861 213 216 3 296 LEGLEYA 286 A238 RC132 284276 2771779 60 132 137 5 287 LEGLEYA 286 A238 RC132 284276 2771779 152 154 2 232 LEGLEYA 286 A238 RC132 284276 2771779 205 207 2 199 LEGLEYA 286 A238 RC132 284276 2771779 218 224 6 275 LEGLEYA 286 A238 RC132 284276 2771779 232 246 14 274 LEGLEYA 286 A238 RC132 284276 2771779 251 253 2 223 LEGLEYA 286 A238 RC132 284276 2771779 268 270 2 265 LEGLEYA 286 A238 RC134 284360 2771715 60 227 230 3 171 LEGLEYA 286 A238 RC134 284360 2771715 258 262 4 288 LEGLEYA 286 A238 RC134 284360 2771715 285 301 16 377 LEGLEYA 286 A238 RC135 284211 2771489 55 150 156 6 299 LEGLEYA 286 A238 RC135 284211 2771489 164 169 5 274 LEGLEYA 286 A238 RC135 284211 2771489 219 221 2 228 LEGLEYA 286 A238 RC137 284178 2771954 60 197 204 7 255 LEGLEYA 286 A238 RC137 284211 2771489 238 241 3 308 LEGLEYA 286 A238 RC137 284360 2771715 248 250 2 252 LEGLEYA 286 A238 RC137 284360 2771715 254 256 2 286 LEGLEYA 286 A238 RC139 284079 2772068 60 112 117 5 190 LEGLEYA 286 A238 RC139 284079 2772068 127 130 3 232 LEGLEYA 286 A238 RC139 284079 2772068 167 170 3 234 LEGLEYA 286 A238 RC139 284079 2772068 179 186 7 646 LEGLEYA 286 A238 RC139 284079 2772068 188 190 2 413 LEGLEYA 286 A238 RC139 284079 2772068 193 197 4 437 LEGLEYA 286 A238 RC139 284079 2772068 204 208 4 399 LEGLEYA 286 A238 RC139 284079 2772068 210 217 7 273 LEGLEYA 286 A238 RC143 283825 2772012 50 213 223 10 485 LEGLEYA 286 A238 RC143 283825 2772012 226 228 2 194 LEGLEYA 286 A238 RC143 283825 2772012 230 234 4 274 LEGLEYA 286 A238 RC143 283825 2772012 246 247 1 329 LEGLEYA 286 A238 RC143 283825 2772012 251 257 6 415 Commenting on the latest drilling assay results from Mauritania, Mark Reilly, Managing Director of Forte said: "The latest assay results continue to demonstrate that the A238 Prospect has significant potential above our initial JORC resources of 14.9m lbs of U3O8. The recent drilling campaign, which is now completed on A238, has significantly increased our understanding of this high quality uranium ore body, which remains open at depth and along strike. Once Forte has received the assay results for the remaining 25% of the drilling on this project, we look forward to upgrading the current resource by the end of next month." Mark Reilly Managing Director For further information contact: Mark Reilly, Managing Director Forte Energy NL Tel: +44 (0) 203 3849555 Rob Collins/Tarica Mpinga Canaccord Genuity Limited Tel: +44 (0) 207 050 6500 Bobby Morse/Louise Hadcocks Buchanan Tel: +44 (0) 207 466 5000 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 SW1Y6DN Ph: +61 (0)8 9322 4071 Ph: +44 (0)203 3847474 Fax: +61 (0)8 9322 4073 Fax: +44 (0)207 2878387 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 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 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 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 U3O8for 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) Forte Energy U3O8 JORC resources (all at a 100ppm cut-off): Project Resource Category M tonnes ppm U3O8 Contained U3O8 Mlbs A238 Inferred 26.5 256 14.9 Total 26.5 256 14.9 Bir En Nar Indicated 0.55 886 1.0 Inferred 0.78 575 1.0 Total 1.33 704 2.0 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 ]

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