Forte Energy NL ACN 009 087 852 ASX, AIM and Media Release 4th July 2012 Encouraging Initial Assay Results in Bohoduo, Guinea International uranium company Forte Energy NL (ASX/AIM: FTE; "Forte Energy" or "the Company") is pleased to announce that they have received assay results for the Reverse Circulation (RC) drilling programme completed earlier this year at the Bohoduo project, in Guinea. Bohoduo is situated approximately 70km to the north east of Firawa and consists of two licences totalling 338km2. Historical studies have identified an anomalous uranium area over a strike length of 20km. An initial drilling programme was conducted by the Company in May 2008 comprising 15 RC holes, totalling 1,000m and targeted a 700m long uranium anomaly to the east of the Bohoduo Prospect. Eight of the holes drilled confirmed mineralisation from surface down to nearly 100m over a distance of 700m. The second Bohoduo drilling programme completed earlier this year included 17 holes, totalling 1,277m, testing the extensions to the east and west of the original drilling. Seven of the holes intersected mineralisation from near to surface down to over 100m extending the zone of mineralisation to over 2.3km. All of the assay results from the ALS Global laboratories in Monrovia and South Africa have now been received. Highlights * Notable intersections include: - BHD003: 12m @ 336ppm U308 - BHD012: 15m @ 287ppm U308 - BHD017: 24m @ 506ppm U308 - BHD025: 4m @ 333ppm U308 and 8m @ 295 ppm U308 - BHD028: 11m @ 345ppm U308 and 5m @ 420 ppm U308 - BHD030: 16m @ 578ppm U308 and 3m @ 476 ppm U308 * Assay results from the two drilling campaigns have confirmed the continuity of the mineralisation over a strike length of 2.3km. * Mineralisation identified from the surface down to 100m. To view Figure 1: Guinea Licences, please open the following link in a new window: [ http://media3.marketwire.com/docs/FTE0407_Figure1.pdf ]. Ground studies were completed in the Bohoduo area by consultants Davy Mckee between 1979 and 1982 and combined with a later airborne survey identified an anomalous uranium zone at Bohoduo over a strike length of 20km. The geology of the Bohoduo Prospect is characterised by orthogneisses of Neoarchaean or Paleoproterozoic age. The mineralisation is hosted in mylonite in a fault zone. Hydrothermal alteration and presence of copper and minor amounts of other metals indicate a hydrothermal origin of uranium mineralisation. Malachite is observed in the lateritic cover, which can be up to 20 metres thick. Secondary uranium minerals have been observed on surface and in drill-chips. It is believed that other metal occurrences in the area are of Proterozoic age. Two drilling programmes have been completed at the Bohoduo Project. The first drilling programme was carried out by AMCO Drilling Ltd in May 2008 and consisted of 15 RC holes totalling 1,000m. All of the holes were inclined at 500. The drilling targets were focused on a 700m long uranium anomaly identified by ground studies conducted by Davy McKee in the 1980's and interpretation of a combination of further ground works conducted by Forte Energy and airborne geophysical data. In the 2008 drilling campaign, eleven profiles were drilled over 800m at 100m centres; this was reduced to 50m where good scintillometer readings were recorded from the RC chip samples. Eight holes intersected mineralisation from surface down to 96m, the best of which were BHD003: 12m @ 336ppm U308 from 6m below surface and BHD017: 24m@ 506ppm U308 from 1m below surface. A total of 8 holes were sampled and sent to the ALS Chemex laboratories in Canada for multi-element analysis. Positive assay results from the eight holes confirmed mineralisation near to surface over 600m, with a number of assays over 500ppm U308. To view Figure 2: Bohoduo RC drill hole locations, please open the following link in a new window: [ http://media3.marketwire.com/docs/FTE0407_Figure2.pdf ]. In February 2012 a second drilling programme at Bohoduo was completed by AMCO Drilling Ltd with 17 holes drilled totalling 1,277m. Two holes were drilled 200m to the west and 15 holes to the east on 200m profiles. All of the holes were inclined at 500 and 7 of the 17 holes were sampled and assayed. Sample preparation was completed by ALS Global in Guinea and then transported to Monrovia for assaying. Two holes, BHD 020 and BHD 026 were drilled 200m to the east of the area drilled in the first campaign; the holes were drilled to 50m and 60m respectively and intersected no mineralisation. A further 10 holes were drilled 300m to the west of the mineralised zone identified in the first RC campaign, targeting anomalous areas identified in field studies and the airborne surveys. Table 1: Summary of Bohoduo Assay Results Hole Id East North Inclination From To Interval Average Grade WGS84 WGS84 (Degrees) (m) (m) (m) U308 (ppm) ---------------------------------------------------------------------------------------------- BHD03 496800 1084900 50 6 18 12 336 25 26 1 301 44 45 1 205 BHD04 496900 1084900 50 41 42 1 202 BHD05 497000 1084900 50 22 23 1 284 27 28 1 590 31 32 1 527 BHD06 497100 1084900 50 32 35 3 370 38 43 5 322 BHD07 497200 1084900 50 12 16 4 401 28 29 1 200 32 34 2 211 38 39 1 219 BHD08 497300 1084900 50 46 49 3 378 BHD12 496700 1084850 50 66 81 15 287 93 96 3 458 BHD17 496750 1084900 50 1 25 24 506 BHD23 498400 1084675 50 58 60 2 248 66 72 6 265 77 80 3 252 83 86 3 220 88 89 1 448 97 99 2 495 101 102 1 224 BHD24 498000 1084775 50 13 17 4 218 19 22 3 228 28 32 4 268 42 44 2 260 BHD25 497800 1084778 50 52 56 4 333 62 63 1 201 69 77 8 295 81 82 1 212 102 106 4 203 BHD27 498200 1084625 50 67 70 3 228 77 80 3 240 BHD28 498200 1084700 50 36 37 1 248 38 39 1 200 40 42 2 236 44 45 1 212 49 60 11 345 69 74 5 420 77 78 1 212 103 104 1 212 BHD30 498400 1084700 50 33 49 16 578 56 59 3 476 60 64 4 239 66 68 2 236 76 77 1 212 97 98 1 283 100 102 2 212 106 108 2 295 BHD31 499000 1084600 50 66 67 1 201 74 77 3 476 85 86 1 248 Average U308 Grades based on a Cut-off grade of 200ppm U308 and a maximum dilution interval of 2m Six holes BHD023, 24, 25, 27, 28 and 30 drilled at 200m centres to the west identified intermittent narrow mineralisation from surface down to 106m, the best of which was BHD 028 which assayed 11m @ 345ppm U308 from 49m and 5m @ 420ppm U308 from 69m. Another hole, BHD031, was drilled over 300m to the east and identified intermittent narrow mineralisation between 66m and 86m. Further holes were drilled to the west on radiometric anomalies identified from historical studies but did not intersect any mineralisation. Commenting on the assay results from Bohoduo, Mark Reilly, Managing Director of Forte Energy said: "The additional positive assay results at Bohoduo provide further confirmation of the potential of Forte's asset portfolio in Guinea, which also includes the Firawa Project, which currently has a JORC compliant resource of 11.6M pounds of U308 and is currently being upgraded. With the success of our drilling campaigns in both Mauritania and now Guinea, combined with the financing agreed, the Company is in a very strong position to continue to grow its resource base and advance its projects towards development." 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 Geoff Nash/Ben Thompson Tel: +44 (0)207 220 0550 Elizabeth Johnson (broking) finnCap Bobby Morse/Louise Hadcocks/Cornelia Browne Buchanan Tel: +44 (0) 207 466 5000 Stuart Laing RFC Ambrian 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 ] 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 64.2Mt @ 262ppm U3O8for 37.0Mlbs contained U3O8 (100ppm cut-off). Its flagship assets are the A238 prospect (23.4Mlbs 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 45.2 235 23.4 Bir En Nar Indicated 0.55 886 1.0 Inferred 0.78 575 1.0 Firawa Inferred 17.7 296 11.6 Total Indicated 0.5 886 1.0 Inferred 63.7 256 36.0 Total 64.2 262 37.0 * A238NW Anomaly included in the A238 Inferred Resources 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 ] 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 of Forte Energy NL and Mr Galen White BSc (Hons) FGS, FAUSIMM, 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. Neil Inwood is the Competent Person responsible for the resource estimation and classification. Mr Inwood is a Fellow of the AusIMM. As Mr Inwood is now no longer employed by Coffey Mining, Coffey Mining has reviewed this information release and consent to the inclusion, form and context of the relevant information herein as derived from the original resource reports for which Mr Inwood's consent has previously been given. 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 BSc (Hons) MAIG, R.P. Geo (Mining) 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 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.