FORTE ENERGY NL
ACN 009 087 852

ASX and AIM Release
29 January 2015

Corporate and Strategic Update

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, is please to present an update on its
corporate and strategic initiatives.


- Change of UK/AIM broker
- Delisting from Australian Stock Exchange ("ASX")
- Open offer to all shareholders
- Acquisition opportunities

Forte advises that further to recent announcements, the board has been reviewing the Corporate and
Strategic plan for the Company going forward in conjunction with the review of resources that was announced
yesterday and is pleased to advise the following:

* The Company has appointed RFC Ambrian Limited ("RFC Ambrian") to fill the role of UK broker in
addition to its present role as NOMAD for AIM purposes. RFC Ambrian have recently underwritten a AUD$60m
equity raising for ASX Uranium developer Peninsula Energy Limited to begin construction of its mine in
Wyoming. As part of its role, RFC Ambrian will be providing regular research coverage of Forte, and in due
course, an initiating coverage research note. The directors are pleased to have RFC Ambrian fulfilling the
role of broker in addition to the NOMAD role that they have been performing since 2006.

* After a review by the board of the trading on both the ASX and AIM markets, the board has come to
the conclusion that the Company is getting little benefit from its ASX listing and the Company and its
shareholders' interests would be best served by delisting on the ASX and continuing with its AIM listing
only. The Company has written to the ASX asking for clarification on the ASX's requirements for delisting
and will revert to shareholders as soon as it has received this clarification.

* As a consequence of delisting from the ASX, the Company believes it will in future be in a
position to make an open offer to ALL shareholders to subscribe for shares in the Company. This has not
previously been possible due to the non-alignment of the ASX/AIM quotes and certain restrictions imposed by
the ASX, which would obviously be removed if the Company was no longer listed there.

* For some time now the Company has had a strategy of growth through acquisition, whilst the Uranium
sector has been in the "doldrums". This was firstly evidenced by the Company's recent transaction with
European Uranium Resources ("European Uranium") for a 50% stake in the Company's Slovakian assets.

The Company has been actively looking at other opportunities for acquisition in the Uranium sector that
will provide synergies with its existing assets. The Company has identified certain assets that it believes
would fit those criteria and is pursuing talks and negotiations with the relevant parties and will advise
shareholders of progress.

Shareholders should be aware that there is no certainty of such discussions and negotiations leading to a
transaction being concluded.


CONCLUSION

Notwithstanding the current slump in commodities, and general macroeconomic uncertainty, the board believes
that the above strategy, if carried out in a sensible and measured way, will go a long way towards setting
the Company and its shareholders up to be extremely well placed in the Uranium space for when the expected
rebound in the sector takes place. The board looks forward to updating shareholders on the above
developments.



For further information contact:

Mark Reilly, Managing Director
Forte Energy NL Tel: +61 (0) 8 9322 4071

Oliver Morse / Trinity McIntyre
RFC Ambrian Ltd Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)


Forte Energy NL

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: info@forteenergy.com.au
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 and uranium projects in the Slovak
Republic under a 50% Joint Venture with European Uranium Resources ("European Uranium").

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). It also holds a 50% interest, subject to
meeting expenditure commitments, in the Kuriskova (42.2Mlb U3O8) and Novoveska Huta (21.1Mlb U3O8) uranium
projects in the Slovak Republic.

Forte Energy U3O8 JORC resources in West Africa (all at a 100ppm cut-off) (Forte holds 100% of these
projects):

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

The Company is quoted on the Australian Securities Exchange (ASX: FTE) and AIM market of the London Stock
Exchange (AIM: FTE). For more information, visit www.forteenergy.com.au

Slovak Republic Joint Venture

Forte Energy holds a 50% interest with European Uranium in two project areas in Slovakia, namely Kuriskova
and Novoveska Huta, of which Kuriskova is the most advanced. Forte Energy's interest is held through
ownership of 50% of the shares in European Uranium's Slovak subsidiaries, Ludovika Energy and Ludovika
Mining, which hold the mineral licenses comprising the Kuriskova and Novoveska Huta uranium projects. Forte
must sole fund a minimum of CAD$350,000 a year on the Ludovika entities over the next ten years to maintain
its 50% interest with the first year's expenditure of CAD$350,000 being an obligation.

The Kuriskova project consists of 32 square kilometres of mineral licenses situated approximately 10 km
northwest of the city of Kosice, a regional industrial centre in East-Central Slovakia.

The Novoveska Huta uranium deposit is located at the western end of the Carpathian uranium belt, about 50
kilometres northwest of Kuriskova and near the town of Spisska Nova Ves. The deposit consists of a mining
license over one square kilometre and a surrounding fifteen square kilometre exploration license.

KURISKOVA - 100% Gross JORC Compliant Mineral Resource

MINERAL RESOURCE SUMMARY AT @ 0.03 U% CUT OFF, KURISKOVA DEPOSIT
U% Tonnes % U3O8 U3O8 lbs Metal U Metal U3O8 Mo Tonnes % Mo Mo lbs
(Tonnes) (Tonnes)

Indicated
0.445 2,475,849 0.525 28,637,284 11,015 12,990 2,448,087 0.062 3,322,512

Inferred
0.130 4,010,815 0.153 13,545,690 5,210 6,144 3,779,214 0.024 2,036,120

Total Indicated + Inferred
0.250 6,486,664 0.295 42,182,974 16,226 19,134 6,227,301 0.039 5,358,632

* To convert %U to %U3O8, a conversion factor of 1.17924 was used.

As noted, Forte holds a 50% interest in this deposit, subject to meeting expenditure commitments.


NOVOVESKA HUTA - 100% Gross JORC Compliant Mineral Resource

MINERAL RESOURCE SUMMARY AT @ 0.03 U% CUT OFF, NOVOVESKA HUTA DEPOSIT
U % Tonnes % U3O8 U3O8 lbs Metal U Metal U3O8 Mo Tonnes % Mo Mo lbs
(Tonnes) (Tonnes)

Measured
0.055 2,973,287 0.065 4,254,594 1,637 1,930

Indicated
0.053 2,774,792 0.063 3,842,852 1,478 1,743

Inferred
0.102 4,902,082 0.121 13,043,317 5,017 5,916 10,423,317 0.016 3,770,800

Total Measured + Indicated + Inferred
0.076 10,650,161 0.090 21,140,763 8,132 9,589 10,423,317 0.016 3,770,800

* To convert %U to %U3O8, a conversion factor of 1.17924 was used.

All at 0.03% U cut off; molybdenum included only when within blocks above U% cut off.

As noted, Forte holds a 50% interest in this deposit, subject to meeting expenditure commitments.


Note:
The information in this report that relates to the reporting of Mineral Resources in Mauritania and Guinea
is based on information compiled or reviewed by Mr. Galen White, who is a Fellow of the Australasian
Institute of Mining and Metallurgy (FAusIMM). Mr White is the Principal Geologist of CSA Global (UK) Ltd.
CSA Global have an on-going role as geological consultants to Forte Energy NL. Mr. White 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. White
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 reporting of Mineral Resources in the Slovak Republic is
based on information compiled or reviewed by Ing. Boris Bartalsky, PhD. who is a Member of the Australasian
Institute of Mining and Metallurgy (AusIMM) and the Society of Mining, Metallurgy and Exploration (SME). Mr
Bartalsky is the Director of Ludovika Energy, and country manager for the Slovakian Joint Venture. Mr.
Bartalsky 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 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves'. Mr. Bartalsky consents to the inclusion in this report of the matters based on his
information in the form and context in which it appears.


Contact Information:
Forte Energy NL


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