FORTE ENERGY NL
ACN 009 087 852
ASX/AIM CODE: FTE
Telephone: +618 9322 4071, Fax: +618 9322 4073
ASX, AIM and Media Release
15 January 2010
$2M Maroochydore JV Copper Project Sale Agreement Signed
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International uranium company Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE) is pleased
to announce that the formal sale agreement has now been executed for the sale of its 50% interest (held
via the Company's subsidiary Renison Bell Ltd) in the Maroochydore Copper Project in Western Australia, to
the joint venture exploration manager and joint venture partner, Birla Maroochydore Pty Ltd, a wholly
owned subsidiary of Aditya Birla Minerals Ltd (ASX: ABY).
Under the terms of the agreement announced on 11 December 2009, Forte Energy will receive a cash payment
of A$2,000,000 and be released from any current or future obligations under the joint venture agreement.
The agreement remains subject to obtaining Ministerial consent under the mining act and Foreign Investment
Review Board (FIRB) approval, with settlement expected around the end of February 2010.
With sale agreements in place for both its Australian copper/cobalt projects, Forte Energy is now
completely focussed on the development of its uranium prospects in Guinea and Mauritania, West Africa.
Mark Reilly
Managing Director
For further information contact:
Mark Reilly, Managing Director
Forte Energy N.L. Tel: +618 9322 4071
Alastair Stratton/Tim Graham
Matrix Corporate Capital LLP Tel: +44 (0) 203 206 7000
Conduit PR
Jos Simson/Emily Fenton Tel: +44 (0) 207 429 6603
Stuart Laing
RFC Corporate Finance Ltd Tel: +618 9480 2506
(AIM Nominated Adviser to the Company)
Forte Energy NL