Corporate Profile

Overview

Forsys Metals Corp is an innovative exploration and development Company in the business of advancing high value uranium, precious and base metal exploration and advanced stage projects in Namibia, Africa.

The Company provides its shareholders with a unique opportunity to participate and gain exposure to the exceptional growth potential of the Namibian economy.

Highlights

November 2008 - George Forrest International Afrique S.p.r.l. to Acquire Forsys Metals Corp in Cash Transaction Valued at Approximately Cad$579 Million
October 2008 - Forsys In Exclusive Negotiations Regarding Potential Sale Of Company
August 2008 - Forsys' Valencia Uranium Project, Namibia Mining Licence Granted
July 2008 - Forsys Appoints Valencia General Manager
June 2008 - Forsys Receives Notice of Mining Licence

April 2008 - Forsys Expands Uranium Zones at Valencia

April 2008 - Forsys Increases Ownership of Ondundu Gold Project In Namibia to 90%

March 2008 - Forsys Appoints New Chief Financial Officer

March 2008 - Forsys Prepares For Contract Mining at Valencia

February 2008 - Forsys Receives Water Permits

February 2008 - Forsys Announces Joly Zone Trenching Results

February 2008 - Uranium Exploration Licences Renewed

January 2008 - Forsys Provides Joly Zone Update

January 2008 - Forsys Reports Drilling Results and Resumes Drilling at Valencia

December 2007 - Forsys obtains dual listing on the Namibian Stock Exchange

November 2007 - Forsys signs MOU with KEPCO

October 2007 - announcement of the appointment of Mr. Martin R. Rowley and Mr. Paul Matysek to the Company's Board of Directors

August 2007 - increase in current mineral resource (measured, indicated and inferred) at Valencia represents 62.1 Mlbs of U3O8 while the current mineral reserve (probable) represents 117 Mt of ore at a grade of 0.12 kg/t which amounts to 30.9 M lbs of U3O8

June 2007 - delivered NI 43-101 compliant independent technical report on Valencia

Resource increased to 164Mt (measured and indicated) representing 41.4 Mlbs U3O8
Reserve increased to 117 Mt representing 30.84 Mlbs U3O8
Mining rate increased to 13 Mt/yr
Scheduled U3O8 production increased to an average of 2.9 Mlbs/yr during steady state period
Net Present Value (at 8% and pre-tax) increased to US$429 M
Capital expenditure increased to US$223 M (to end of 2009) to facilitate a larger operation

March 23 - 2007 the Company acquired the remaining 10% of the Valencia Uranium Deposit

March 22 - 2007 the Company completed the acquisition of 5 new uranium projects in Namibia

February 27 - 2007 the Company closed $47.5 million financing

On February 22, 2007 the Company was granted Exclusive Prospecting Licence 1496 for the Valencia Uranium Deposit

Discovered new high grade uranium zone

October 17 - 2006 the Company commenced trading on The Toronto Stock Exchange

Closed a bought deal financing with Sprott Securities, Orion Securities and Quest Securities

July 2005 - the Company acquired 90% interest in the Valencia Uranium Deposit in Namibia

Corporate and geological staff expanded with announcement of Duane Parnham as Chairman and CEO, Miles Nagamatsu as CFO and Rick Bonner as Exploration Manager and Allan Walden as Project Manager

Acquired 100% interest in 1400956 Ontario Inc. and wholly owned subsidiary Westport Resources Namibia (PTY) Ltd. Westport currently holds two exclusive prospecting licences and one exclusive reconnaissance licence covering 1,086,000 hectares of prospective mineral projects targeting diamond, base and precious metal deposits. In addition, Westport holds a 32% interest in the newly formed Omatjete Mining Company (Pty) Ltd., which owns the Ondundu Gold licence as well as an option to earn a 60% interest in the Elbe Mine Project

Successfully raised $14.5 million in equity financing

September 2004 - obtained listing on the TSX Venture Exchange

The Company is now entering into an explosive growth phase as the new management implements its strategy to bring these current high value projects into development stage.