Highlights

         Maiden JORC resource estimate for Firawa Uranium Project, Republic of Guinea (West Africa)

         Initial Inferred Resource of 17.7Mt @ 296ppm U₃O₈ for 11.6Mlbs of contained U₃O₈ (100ppm cut-off)

         Additional density testing may underpin tonnage increase by using a higher density than the 2.2t/m³ figure used for the initial resource

         Deposit open along strike and at depth - excellent potential for increases with ongoing drilling

International uranium company Forte Energy NL (ASX: FTE, AIM: FTE; "Forte" or "the Company") is pleased to announce a maiden JORC Code compliant resource estimate for its 100%-owned Firawa Uranium Project, located in the Republic of Guinea, West Africa.

Using a cut-off grade of 100ppm U₃O₈, the initial Inferred Resource estimate is 17.7Mt grading 296ppm U₃O₈ for 11.6 million pounds of contained U₃O₈. The resource, which was independently estimated and verified by Coffey Mining Pty Ltd, is summarised below using a range of different cut-off grades:

While the Company is delighted with this substantial maiden resource for the Firawa Project, it is also encouraged by the significant scope for increases to this figure from bulk density testing currently underway and from further drilling which has been recommended to test for extensions to the deposit - which remains open along strike and down dip.

Results from bulk density testing carried out on five samples returned an average of 3.5t/m?. A more conservative figure of 2.2t/m? was used in the resource calculation pending results from the additional testwork currently underway.

If these results support the use of a higher density figure, the estimated U₃O₈ resource would increase.

In addition to remaining open along strike, the mineralisation at Firawa dips steeply to the north and remains open at depth - as shown in the cross-sectional diagram from the Coffey Mining report:

Figure 1: Mineralisation interpretation typical section view (413100mE, looking east)

The resource calculation was based on results from 29 holes totalling 1,809 metres of reverse circulation (RC) drilling undertaken in May 2007 and 56 holes totalling 5,859 metres of diamond drilling completed in January 2009. The drilling was carried out predominantly at 50 metre intervals on an East-West trending zone of uranium mineralisation extending over a 2km strike length.

Commenting on the initial resource announcement, Forte Energy's Managing Director, Mark Reilly, said: "This is a great result and a credit to our exploration team headed by Bosse Gustafsson, who has led our exploration campaign in Guinea and Mauritania with great energy and vision over the past two years.

"This is the Company's maiden JORC compliant uranium resource and represents an important first step towards building a substantial inventory of U₃O₈ resources in West Africa.

"Firawa is now the most advanced of our uranium exploration projects in Guinea and this substantial maiden uranium resource estimate represents a significant milestone towards the Company's ultimate development and production goals," he continued.

"The Board will further consider the details of the Coffey Mining report, including recommendations for additional drilling, to assess the most appropriate strategy going forward.

"Given the scope for increases in the Firawa resource, both from density testwork and further drilling, we are very excited by the opportunities presented by this Project," he added.

"With drilling scheduled to commence in Mauritania this quarter with a view to delivering our first JORC compliant uranium resources later this year, the Company is very well placed to realise its objective of becoming a significant player in the global uranium industry."

Mark Reilly

Managing Director

Note:

The information in this report that relates to exploration results in West Africa is based on information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Doug Corley of Coffey Mining Ltd. Mr. Gustafsson and Mr. Corley have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Mineral Resources and Reserves". Mr. Gustafsson is a member of the European Federation of Geologists a Recognised Overseas Professional Organisation ("ROPO"). Mr Bosse Gustafsson is a full time Technical Director of Forte Energy NL and is responsible for exploration activities in Mauritania and Guinea. Mr. Gustafsson and Mr. Corley consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.