Forte Energy NL ACN 009 087 852 ASX and AIM Release 1 March 2013 Update on corporate negotiations Forte Energy NL ("Forte Energy" or "the Company") (ASX/AIM: FTE), the emerging international uranium company focused on the exploration and development of uranium assets in West Africa, announces that the negotiations on prospective corporate transactions that have been in process throughout the past few weeks have not resulted in the agreement of suitable terms for the Company at present. The trading of its stock in Australia has been suspended since 1 February 2013 pending the release of the quarterly reports and while these discussions have been taking place. The Company is continuing to assess alternative opportunities, and will update the market if and when any developments occur. As a result of the cessation of discussions on the above mentioned transaction, and having lodged its quarterly reports, the Company has requested that trading of its stock resume on the ASX following the release of this announcement. In the meantime the Company is pleased to announce that it has raised gross proceeds of £587,177, before expenses, under its £10 million Equity Financing Facility ("EFF") with Darwin Strategic, a majority owned subsidiary of Henderson Volantis Capital. Under the terms of the EFF agreement, the company has raised £587,177 by way of the issue of 29,250,000 new ordinary shares to Darwin Strategic. The new ordinary shares will be issued at a price of 2.01p (A$ 2.98 cents) per share and will rank pari passu in all respects with existing ordinary shares in Forte Energy. The funds will be used to accelerate exploration targets on its existing assets. The draw down on the EFF is the first undertaken by the company and the gross price per share represents a premium of 13% to the closing price per ordinary share on the 28th of February, being the latest practicable date prior to this announcement. Forte Energy Mark Reilly, Managing Director Tel: +44 (0) 203 3849555 finnCap (Broker) Geoff Nash/Ben Thompson Tel: +44 (0) 20 7220 0500 RFC Ambrian Ltd (AIM Nominated Adviser to the Company) Stuart Laing Tel: +61 (0) 8 9480 2506 Darwin Strategic Limited Anand Sambasivan / Jamie Vickers Tel: +44 (0) 20 7938 5754 Buchanan Bobby Morse/Louise Hadcocks/Cornelia Browne Tel: +44 (0) 207 466 5000 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 76.8Mt @ 266ppm U3O8for 44.9Mlbs 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 (19.5Mlb 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 0.5 886 1.0 Inferred 0.8 575 1.0 Firawa Inferred 30.3 295 19.5 Total Indicated 0.5 886 1.0 Inferred 76.3 262 43.9 Total 76.8 266 44.9 * 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 former Technical Director of Forte Energy NL. He has an ongoing role as a consultant to the Company. 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 Resources at the A238 prospect in Mauritania and at Firawa in Guinea is based on information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr Galen White BSc (Hons) FGS, FAUSIMM, Managing Director and Principal Geologist of CSA Global (UK) ltd. 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. Mr. Gustafsson, 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. White and Coffey Mining on behalf of Mr. Inwood consent to the inclusion in this report of the matters based on their information in the form and context in which it appears. 

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