Forte Energy NL ACN 009 087 852 15th March 2012 ASX, AIM and Media Release Final Assay Results in Mauritania at the A238 Prospect confirm mineralisation at depth and along strike International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") announces positive assay results from the final seven holes from the recent Reverse Circulation (RC) drilling programme completed at the A238 Prospect in Mauritania. The assay results from the programme have confirmed the extension at depth below the existing resources in the southern section of the A238 Prospect. Thirteen of the holes have identified mineralisation extending to over 200m from surface over a strike length of 1.2km. Assay results from RC 175 and 176 drilled to the west of the A238NW have confirmed zones of mineralisation from 75m down to 130m below surface, with RC 175 intersecting 42m @ 437ppm U308 from 90m. A 2,000m RC drilling programme has been started to test the down dip extensions to the north of the southern zone over 1.0km, which was previously only drilled down to 50m from surface. Further drilling, estimated at 2,500m is also planned before the end of May to test the down dip extensions along strike to the north and south, which have not been tested at depths below 50m from surface. Highlights * Final assay results from the recent RC drilling campaign have been received. Notable intersections include: - RC 169: 10m @ 268ppm U308 from 60m and 14m @ 557ppm U308 from 120m. - RC 170: 12m @ 230ppm U308 from 97m - RC 175: 42m @ 437ppm U308 from 92m - RC 176: 19m @ 366ppm U308 from 100m and 9m @ 307ppm U308 from 132m. * RC 169 drilled in the main zone of the A238 Prospect confirmed down dip extensions of the mineralisation to over 100m from surface. * Assay results from RC 175 and RC 176 drilled on the western side of the A238NW anomaly have confirmed mineralisation at depths from 75m to 125m below surface. * Compilation of the A238 resource incorporating all of the recent drilling campaign assay results is progressing well and is scheduled to be completed before the end of the month. Mauritania The Company has now received the final assay results from the Stewart Group Laboratories in Ireland for the final seven holes (RC 169, 170, 171, 173, 174, 175 and 176) from the 63 hole programme drilled at the A238 Prospect. To view Figure 1: A238 Drilling, please open the following link in a new window: [ http://media3.marketwire.com/docs/fte315_fig_1.pdf ] ------------------------------------------------------------------------------------------------------- Hole Id East WGS84 North Inclination From To Interval Average Grade WGS84 Degrees (m) (m) (m) U3O8 (ppm) ------------------------------------------------------------------------------------------------------- RC169 283839 2772144 50 27 28 1 205 ------------------------------------------------------------------------------------------------------- 49 50 1 381 ------------------------------------------------------------------------------------------------------- 60 70 10 268 ------------------------------------------------------------------------------------------------------- 73 77 4 223 ------------------------------------------------------------------------------------------------------- 90 94 4 317 ------------------------------------------------------------------------------------------------------- 99 108 9 282 ------------------------------------------------------------------------------------------------------- 120 134 14 557 ------------------------------------------------------------------------------------------------------- RC170 283214 2772924 50 73 74 1 305 ------------------------------------------------------------------------------------------------------- 97 109 12 230 ------------------------------------------------------------------------------------------------------- RC171 2832174 2773021 50 82 87 5 226 ------------------------------------------------------------------------------------------------------- RC173 283214 2772924 59 60 1 613 ------------------------------------------------------------------------------------------------------- 68 73 5 192 ------------------------------------------------------------------------------------------------------- RC174 283034 2773167 50 30 31 1 202 ------------------------------------------------------------------------------------------------------- 35 36 1 311 ------------------------------------------------------------------------------------------------------- 55 56 1 275 ------------------------------------------------------------------------------------------------------- 63 67 4 229 ------------------------------------------------------------------------------------------------------- RC175 282374 2772883 50 92 134 42 437 ------------------------------------------------------------------------------------------------------- 142 148 6 224 ------------------------------------------------------------------------------------------------------- RC176 282473 277830 50 100 119 19 366 ------------------------------------------------------------------------------------------------------- 122 124 2 367 ------------------------------------------------------------------------------------------------------- 132 141 9 307 ------------------------------------------------------------------------------------------------------- 146 148 2 320 ------------------------------------------------------------------------------------------------------- Minimum 200ppm U3O8 cut-off and a maximum 2m internal dilution Table 1: A238 Prospect - Further drilling assays (Licence 286 Legleya) RC 169 was drilled at the northern end of the southern leg of the A238 Resource and confirmed the down dip extension of the mineralisation to over 100m from surface, culminating in 14m @ 557ppm U308 from 120m. To view Figure 2: A238 Holes drilled at Depth, please open the following link in a new window: [ http://media3.marketwire.com/docs/fte315_fig_2.pdf ] RC 169 is one of a number of holes that have been drilled to depth in the southern part of the A238 prospect. 13 of the holes have indicated that the mineralisation extends down to depths of over 200m from the surface and over a strike length of 1.3km (see Figure 2). To view Figure 3: A238 Section L43, please open the following link in a new window: [ http://media3.marketwire.com/docs/fte315_fig_3.pdf ] Assay results were received from four holes drilled to the north of the A238 Prospect (RC 170, 171, 173 and 174), which indicated narrow intermittent zones of mineralisation with a wider zone identified in RC 170 from 97m of 12m @ 230ppm U308. The current drilling programme as it moves to the north should confirm if these holes were drilled deep enough. Extremely encouraging assay results were received from RC 175 and RC 176 drilled to the west of the A238 Prospect in the A238NW anomaly. RC 175 intersecting mineralisation from 92m over 42m @ 437ppm U308 and RC 176 drilled 100m to the south intersecting 19m @366ppm U308 from 100m. To view Figure 4: A238NW Anomaly Section L14, please open the following link in a new window: [ http://media3.marketwire.com/docs/fte315_fig_4.pdf ] CSA Global are in the process of compiling the A238 Prospect resource update and interpretation, which at this stage suggests that the style of mineralisation is a number of sub vertical mineralised zones that extend to depth from surface. Assay results from the deeper holes also suggest that the grades increase at depth (See Appendix 1). The updated resource is on schedule to be completed by the end of March and will incorporate the assay results from the 63 holes drilled in the initial drilling programme. The company has started a short RC drilling campaign (~2,000m) to drill the area to the north of section L43, which was previously only drilled to 60m below the surface, which will be followed by approximately 2,500m of RC drilling which will test the extensions along strike to the south and to the north. The current drilling campaign is scheduled to be completed by mid-May and the results would then be incorporated into another resource calculation. Commenting on the drilling programme in Mauritania, Mark Reilly, Managing Director of Forte said: "These results continue to confirm our geological model of significant mineralisation beneath the existing JORC resource at the A238 deposit in Mauritania. The orebody is also open to the north west and to the south east which adds further comfort to the understanding of this deposit. We look forward to providing a JORC resource update later this month for A238." 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 ] Appendix No 1: Further Assay Results from A238 (Licence 286 Legleya) ------------------------------------------------------------------------------------------ Average East North Inclination From To Interval Grade Hole Id WGS84 WGS84 Degrees (m) (m) (m) U3O8(ppm) ------------------------------------------------------------------------------------------ RC129 283974 2771931 50 22 23 1 377 ------------------------------------------------------------------------------------------ 26 27 1 382 ------------------------------------------------------------------------------------------ 128 129 1 301 ------------------------------------------------------------------------------------------ 132 133 1 349 ------------------------------------------------------------------------------------------ 139 149 10 268 ------------------------------------------------------------------------------------------ RC131 284220 2771861 50 152 153 1 224 ------------------------------------------------------------------------------------------ 170 171 1 561 ------------------------------------------------------------------------------------------ 174 177 3 437 ------------------------------------------------------------------------------------------ 193 195 2 380 ------------------------------------------------------------------------------------------ 207 208 1 245 ------------------------------------------------------------------------------------------ 211 216 5 292 ------------------------------------------------------------------------------------------ 230 231 1 209 ------------------------------------------------------------------------------------------ RC132 284276 2771779 60 132 137 5 338 ------------------------------------------------------------------------------------------ 152 155 3 237 ------------------------------------------------------------------------------------------ 156 157 1 251 ------------------------------------------------------------------------------------------ 159 160 1 237 ------------------------------------------------------------------------------------------ 205 207 2 289 ------------------------------------------------------------------------------------------ 218 224 6 324 ------------------------------------------------------------------------------------------ 232 253 21 273 ------------------------------------------------------------------------------------------ 268 270 2 312 ------------------------------------------------------------------------------------------ 284 285 1 249 ------------------------------------------------------------------------------------------ RC133 284198 2771601 55 25 27 2 338 ------------------------------------------------------------------------------------------ 172 199 27 412 ------------------------------------------------------------------------------------------ RC134 284360 2771715 60 137 138 1 435 ------------------------------------------------------------------------------------------ 227 230 3 202 ------------------------------------------------------------------------------------------ 258 261 3 401 ------------------------------------------------------------------------------------------ 286 299 13 485 ------------------------------------------------------------------------------------------ RC135 284211 2771489 55 81 82 1 282 ------------------------------------------------------------------------------------------ 101 102 1 215 ------------------------------------------------------------------------------------------ 110 111 1 282 ------------------------------------------------------------------------------------------ 123 124 1 264 ------------------------------------------------------------------------------------------ 151 160 9 289 ------------------------------------------------------------------------------------------ 164 169 5 324 ------------------------------------------------------------------------------------------ 219 221 2 268 ------------------------------------------------------------------------------------------ RC137 284178 2771954 60 129 130 1 222 ------------------------------------------------------------------------------------------ 198 202 4 404 ------------------------------------------------------------------------------------------ 238 240 2 455 ------------------------------------------------------------------------------------------ 248 250 2 298 ------------------------------------------------------------------------------------------ 254 256 2 340 ------------------------------------------------------------------------------------------ RC139 284079 2772068 60 112 116 4 234 ------------------------------------------------------------------------------------------ 127 130 3 274 ------------------------------------------------------------------------------------------ 167 170 3 276 ------------------------------------------------------------------------------------------ 179 190 11 580 ------------------------------------------------------------------------------------------ 193 196 3 623 ------------------------------------------------------------------------------------------ 204 208 4 471 ------------------------------------------------------------------------------------------ 212 217 5 378 ------------------------------------------------------------------------------------------ RC141 284466 2771302 55 157 160 3 347 ------------------------------------------------------------------------------------------ RC143 283825 2772012 50 201 202 1 209 ------------------------------------------------------------------------------------------ 213 223 10 572 ------------------------------------------------------------------------------------------ 227 228 1 268 ------------------------------------------------------------------------------------------ 230 231 1 259 ------------------------------------------------------------------------------------------ 232 234 2 355 ------------------------------------------------------------------------------------------ 246 247 1 388 ------------------------------------------------------------------------------------------ 251 257 6 490 ------------------------------------------------------------------------------------------ RC167 284482 2771190 60 196 220 24 314 ------------------------------------------------------------------------------------------ 224 234 10 371 ------------------------------------------------------------------------------------------ 237 241 4 296 ------------------------------------------------------------------------------------------ RC168 284567 2771128 60 145 157 12 437 ------------------------------------------------------------------------------------------ RC169 283839 2772144 60 27 28 1 205 ------------------------------------------------------------------------------------------ 49 50 1 381 ------------------------------------------------------------------------------------------ 60 70 10 268 ------------------------------------------------------------------------------------------ 73 77 4 223 ------------------------------------------------------------------------------------------ 90 94 4 317 ------------------------------------------------------------------------------------------ 99 108 9 282 ------------------------------------------------------------------------------------------ 120 134 14 557 ------------------------------------------------------------------------------------------ Minimum 200ppm U3O8 cut-off and a maximum 2m internal dilution 

Contributing Sources

---

Market Wire