Forte Minerals Corp. (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), a copper-gold exploration company focused on Peru, has successfully closed its oversubscribed non-brokered private placement, raising gross proceeds of C$2,690,000.

A C$2.4 million financing was initially announced on May 23, 2025. It was met with high investor demand, resulting in the issuance of 6,725,000 units at a price of C$0.40 per unit, and within the right of increase reserved by the Company.

Each unit consisted of one common share and one-half of one common share purchase warrant. Each Warrant entitles the holder to purchase one additional Share at an exercise price of C$0.60 until June 13, 2027.

The Warrants are subject to an accelerated expiry if the Company’s shares close at or above C$0.90 for 20 consecutive trading days, upon which the Company may issue a notice accelerating the term of the Warrants to a period of 30 days following such notice.

All securities issued are subject to a statutory hold period expiring on December 14, 2025, in accordance with applicable Canadian securities laws.

In connection with the Offering, the Company paid total cash finder’s fees of C$97,120.00 and issued 231,550 finder’s warrants, on the same terms as the Warrants, to certain eligible parties.

Use of Proceeds: The net proceeds of the Offering will be used to advance exploration and corporate initiatives across Forte’s portfolio, including:

• Pucarini: Inaugural five-hole drill program (1,750m), targeting a high-sulphidation gold system. Set to kick off in July of 2025.
• Esperanza: Magnetotelluric (MT) survey to refine drill targeting.
• Alto Ruri: DIA drill permitting, surface geophysics (IP & CSMAT), sampling, and community agreements.
• Working Capital

Insider Participation: Certain directors and officers of the Company participated in the Offering, subscribing for a total of 50,000 Units. This participation is considered a “related party transaction” under Multilateral Instrument 61-101. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(b).

President and CEO Patrick Elliott commented: “We are proud to have closed this financing above our original target, which validates market interest in Forte’s exploration strategy and our high-impact Peruvian copper-gold portfolio. We look forward to kicking off our summer drill program at Pucarini.”

ABOUT FORTE MINERALS CORP.

Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper and gold assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development.