Forte Energy NL ACN 009 087 852 ASX, AIM and Media Release 24 February 2012 Drilling programmes completed in Guinea International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to announce that the recent drilling campaigns in Guinea at the Firawa and Bohoduo projects have been completed. The drilling at Firawa has confirmed extensions along strike to the east and west of the existing Firawa resources. At the Bohoduo project, located approximately 120km to the north east of Firawa, 9 of the 17 holes drilled intersected mineralisation from surface down to 80m. Highlights * The 5,000m Reverse circulation (RC) programme at the Firawa project has been completed with 63 holes drilled totalling 4,712m. * Initial indications confirm extensions along strike to the east and west of the existing central resources. * Sample preparation is underway and will continue through February and March with final assay results expected in May. * Compilation of the Firawa resource upgrade, currently 17.7Mt @ 296ppm U3O8 for 11.6Mlbs contained U3O8 (100ppm cut off), is scheduled to be completed by the end of June. * A follow-up programme of RC drilling at Bohoduo consisting of 17 holes totalling 1,277m has just been completed. The holes were drilled over a strike length of 8km and 9 of the holes have identified mineralisation from surface down to 80m. This extends the mineralised zone to over 3km strike length. Assay results are expected in March. Guinea To view Figure 1: Guinea Licences, please open the following link in a new window: [ http://media3.marketwire.com/docs/FORTE0224A.jpg ] Firawa The 5,000m RC drilling programme was completed in early February with a total of 63 holes drilled, totalling 4,712m. The programme included 13 holes in the central section, which had not been accessible previously. The initial interpretation of the holes has confirmed continuity of the mineralisation through the central section over 2km. To view Figure 2: Firawa RC Drill hole locations, please open the following link in a new window: [ http://media3.marketwire.com/docs/FORTE0224B.jpg ] Drilling to the west of the central zone has confirmed mineralisation extending over 0.8km with the mineralisation splitting into two zones, with a continuation of the central zone in a southern limb and approximately 200m to the north a new shallow zone of mineralisation. The initial indications in the eastern drilling programme shows a gradual weakening of the mineralisation and around 800m from the central area the orebody starts becoming irregular and discontinuous. Sample preparation from the drilling programme will continue through February and March with final assay results expected in April and May. During this period CSA Global consultants will be updating the Firawa resource model with the assay results which are expected to be completed by the end of June. Bohoduo The Company has two licences covering an area of over 338km2 at Bohoduo, which is situated approximately 120km north east of Firawa. Historical works conducted in the 1980's identified an anomalous area where granitic bodies intruded the gneissic terrane along a fault zone. The migmatitic para- and orthogneisses of Neoarchaean age are intruded by Paleoproterozoic monzogranites. The basement rocks are often covered by a layer of laterite up to 20m thick. The mineralisation can be traced along the west-east trending mylonitic shear-zone. The results of the field studies, conducted by the Company, coupled with the airborne geophysical data, indicate a 12 km long extension of the anomaly to the east. To view Figure 3: Bohoduo RC Drill hole locations, please open the following link in a new window: [ http://media3.marketwire.com/docs/FORTE0224C.jpg ] The Company completed 17 RC holes at Bohoduo totalling 1,277m over a strike length of 8km. This follows up the initial core drilling programme of 15 holes in 2008. A total of 9 holes in the current programme intersected mineralisation from surface down to 80m, with the mineralisation confirmed by elevated scintillometer readings on the RC chip samples. Of significant interest is the area immediately to the east of the previous drilling where mineralisation was identified in 9 holes, with RC 030 intersecting mineralisation from surface down to 120m. This extends the previously identified mineralised zone to over 3 km strike length. Representative samples have been taken from Bohoduo and are currently in transit to the Stewart laboratories. The assay results are expected in March. Commenting on the drilling programme in Guinea, Mark Reilly, Managing Director of Forte said: "The drilling campaign in Guinea has been completed ahead of schedule. The drilling at Firawa has demonstrated there is further mineralisation in the central zone, whilst the orebody at Bohoduo remains open to the east of our previous drilling, both providing significant potential upside to our existing resource at our Guinean assets. This further demonstrates the positive progress made on our assets following the encouraging assays results in Mauritania. We look forward to updating our resources in Mauritania next month, as well as in Guinea in June." 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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