Forte Minerals Corp. announced receipt of the Environmental Impact Statement approval for its 100% owned Pucarini Gold Project ("Pucarini"), a high sulphidation epithermal Au system located in the department of Puno, in Southern Peru. The Company is delighted to be awarded the DIA approval by the Peruvian Ministry of Energy and Mines ("MINEM") after more than 2 years of environmental baseline studies, archeological assessments, social engagement, and government processing.

The DIA is an extensive environmental authorization that enables the Company to drill up to 40 platforms over a 5-year timeline. The final drill permit will be delivered by MINEM upon completion of the prior consultation process (Consulta Previa) with the local indigenous communities. Pucarini comprises 1000 ha of prospective ground for high sulphidation epithermal gold mineralization.

This property has been the Company's primary focus for Au exploration. These zones coincide with anomalous Au in soil and rock geochemistry grading up to 6.89 g/t Au and 2.6 g/t Ag as well as a strong resistivity and chargeability IP geophysical anomaly. The argillic and advanced argillic alteration zones on the property were recognized by GlobeTrotters Resources Peru S.A.C. ("GlobeTrotters") as a high priority alteration target compiled from the in-house processing of ASTER satellite imagery for the entire Peruvian Cordillera.

The ASTER processing proved highly effective at mapping out hydrothermal alteration mineral assemblages associated porphyry Cu and high sulphidation epithermal Au systems. Forte's President and CEO Patrick Elliott comments, 'GlobeTrotters' project generation process is very intuitive and takes multiple years to explore and advance targets to the drill ready stage. It has been very effective in the discovery of several highly prospective projects, including Pucarini Au project and Element 29's Elida porphyry Cu-Mo deposit.' The Company completed an extensive surface exploration program in 2021 which included geological mapping, geochemical sampling, and geophysical surveys.

The induced polarization (IP) geophysical survey lines were positioned over the strongest mineralization and alteration as recognized from preceding surface mapping and geochemical sampling programs. Four priority exploration targets were interpreted from the exploration program, which will be drilled as the next step in testing the sub surface for economic Au mineralization. His seasoned insights will shape Forte's community-focused projects, synchronizing them with global norms and local expectations. Forte's priority remains the exploration and discovery of essential new Cu and Au deposits, but it also aspires to redefine ESG and sustainability standards within the junior mining sector.