Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company"), is pleased to announce the launch of its largest ever diamond drill program, expanding on prior successful campaigns. Located within Yukon's Dawson Range Gold Belt (Figure 1), the initial program comprises approximately 2,500 metres of diamond drilling, targeting newly identified geophysical anomalies interpreted to host significant gold-copper porphyry mineralization.

Highlights:

• Camp and drill mobilization has been completed, and diamond drilling is currently underway, marking the start of the 2026 drilling program.

• Drilling is underway at the Payoff Zone, targeting a newly identified geophysical anomaly to the north and west of hole ALT-25-012, which returned 78.00 m grading 1.31 g/t gold from hole ALT-25-012 (see news release dated December 16, 2025).

• The 2026 diamond drilling program will test several newly identified geophysical targets at the Payoff, Severance and Commission zones.

  • These new targets have never been drilled but are believed to have strong gold-copper porphyry potential. Drilling along the edges of these geophysical targets has returned significant mineralization to date, including 76.86 m grading 0.18 g/t gold with 0.046% copper (Commission Zone, see news release dated January 15, 2026) and 53.96 m grading 0.28 g/t gold with 0.047% copper (Severance Zone, see news release dated August 7, 2025).

• Step-out drilling is planned at the Payoff and Alimony Zone to expand significant drill intercepts of gold mineralization.

  • Drill holes at the Payoff Zone will target strong gold and multi-element soil geochemical anomalies to the east and north of drill hole ALT-23-001, which returned 211 m grading 0.47 g/t gold, including 22.45 m grading 1.09 g/t gold (see news release dated February 29, 2024).

  • Drilling at the Alimony Zone will follow up mineralization encountered in hole ALT-25-013, which returned 73.32 m grading 0.82 g/t gold, including 36.04 m grading 1.41 g/t gold (see news release dated December 16, 2025).

PJ Murphy, CEO of Forge Resources, states: "The 2026 drill program at Alotta represents a significant step forward for this project. We are following up on significant gold and copper mineralization from prior drilling while simultaneously testing new geophysical targets identified through our most recent work, giving us multiple high-priority opportunities in a single campaign. The Dawson Range has produced some of Canada's most significant recent discoveries and the Alotta Project is our bet that it isn't done yet."

Figure 1. The Dawson Range Gold Belt, a highly prospective metallogenic belt that includes the Alotta property. Recent Re-Os dating (see news release dated May 5, 2026).

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Figure 2. Total Magnetic Intensity - Vertical Integral Analytical Signal. Dashed lines show locations of apparent circular magnetic highs surrounded by lows, with red dashed lines corresponding with locations of 3D magnetic anomalies (figure 3)

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Payoff Zone:

The Payoff Zone is an area of strongly anomalous rock and soil samples that is part of a 4.5 by 1.7 km long gold-copper-molybdenum±arsenic anomaly, which has returned up to 8.73 g/t gold from rock samples and 1965 ppb gold from soil samples. The area coincides with an east-west elongated 1.5 km long chargeability and resistivity anomaly, and cluster of magnetic high features that are enveloped by magnetic lows, which are often characteristics recognized in many porphyry systems.

The Company has outlined two objectives at the Payoff Zone:

• 3D magnetic inversion data (see news release dated May 13, 2026) has outlined a compelling magnetic body to the west of previous drilling at the Payoff Zone. This anomaly lies along the flanks of widespread gold mineralization and may represent a magmatic source responsible for the widespread mineralization at the Payoff Zone (Figure 3).

• Step out drilling to expand the mineralized footprint of the Payoff Zone to the south and north of existing drilling. To date, drilling has identified widespread gold mineralization across ~500 by 150 m area, (Table 1) which remains open in all directions.

Figure 3. 3D model of the MVI magnetic inversion data from the Alotta Property. The two apophyses are circled and correspond to magnetic anomalies from Figure 2. View is looking towards the north.

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Table 1: Diamond Drilling Highlights - Payoff Zone

*All intervals are core lengths. Insufficient drilling has been completed to determine true widths.
**Grade cap of 30 g/t Au applied to samples within composite interval.

Severance Zone:

The core of the Severance Zone is a 550 by 450 m area defined by an overlapping gold, copper and molybdenum soil geochemical anomaly, which has also returned up to 1.21 g/t gold and 0.35% copper from rock samples. The area coincides with discrete chargeability and resistivity anomalies, and a discrete circular magnetic high feature enveloped by a magnetic low (Figure 2). To date, only five drill holes have been completed, spaced across 650 m.

Step out drilling is planned to follow up results from hole ALT-25-007, which returned highly encouraging gold and copper grades over substantial intervals while drilling near the centre of the magnetic feature. This drilling will also test the centre of a prominent magnetic high (Table 2).

Table 2: Diamond Drilling Highlights - Severance Zone

*All intervals are core lengths. Insufficient drilling has been completed to determine true widths.

Commission Zone:

The Commission Zone is defined by a prominent magnetic high feature that is surrounded by discrete magnetic lows and anomalous gold-copper±molybdenum soil geochemistry (Figure 2).

Diamond drilling in 2026 is planned to test the prominent magnetic high feature that coincides with a 3D magnetic anomaly, located approximately 400 m west of drill hole ALT-25-014, which returned widespread gold and copper mineralization and intense stockwork zones characterized by quartz±pyrite±molybdenite±chalcopyrite within Late Cretaceous porphyritic rocks (Table 3).

Table 3: Diamond Drilling Highlights - Commission Zone

*All intervals are core lengths. Insufficient drilling has been completed to determine true widths.

Alimony Zone:

The Alimony Zone is characterized by a 400 by 450 m gold-molybdenum soil anomaly that lies along the edges of a circular magnetic anomaly (Figure 2).

Step out drilling is planned to follow up results from hole ALT-25-013, the only drill hole into the Alimony Zone, which returned significant gold grades over long intervals.

Table 4: Diamond Drilling Highlights - Alimony Zone

*All intervals are core lengths. Insufficient drilling has been completed to determine true widths.

About Forge Resources Corp.

Forge Resources Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.

In addition, the Company holds an 80% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and was reviewed and approved by Kelson Willms, P.Geo., of Archer, Cathro & Associates (1981) Limited. Mr. Willms is a Qualified Person for the purposes of National Instrument 43-101.

Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300116

Source: Forge Resources Corp.