Forte Minerals Corp.

Alto Ruri (High Sulfidation Au)

Summary

Forte’s Concessions 4700 ha - 15 km south of Barrick’s Pierina Gold Mine.
100% ownership subject to a 1% NSR Royalty.
Comprised of 2 prospects:
- Alto Ruri –High Sulphidation Epithermal Au
- Cerro Quillo – Porphyry Au-Cu-Mo
Road accessible from the city of Huaraz
Excellent Endowment within the Northern Peru Porphyry and HS Miocene Belt

Alto Ruri High Sulphidation Epithermal Gold Project – Drilled by Buenaventura 1997
- 12 shallow holes for a total of 2254.5 m.
- 001-97 returned best results of 131 m of 2.55 g/t Au.
- Including 54 m of 5.39 g/t Au.
Cerro Quillo – Drilled by Anglo American 2004
- 9 holes for a total of 2684.9 m.
- 003-Q returned best results of 200 m of 0.49 g/t Au, 0.09% Cu, 0.007% Mo.

The Project is located just 15 km due south of the Pierina Au Mine owned by Barrick Gold Corp in central Perú which has produced over 10 million ounces of Au since commercial production in 1999 (Figure 1). As with Pierina, these prospects are situated along the Cordillera Negra and associated with Miocene aged volcanic and volcanoclastic rocks forming part of the Tertiary Volcanic Arc which is known to host several large Miocene aged epithermal Au deposits including Newmont’s (Minas Buenaventura-Sumitomo) Yanacocha and Minas Congas deposits as well as several large Miocene aged porphyry Cu-Mo-(+Au) deposits including Chinalco’s Toromocho, Southern Copper’s Michiquillay and Rio Tinto’s (First Quantum Minerals) La Granja deposits

Figure 1: Location map showing the Alto Ruri concessions relative to Barrick Gold’s Pierina gold mine.

Alto Ruri Projects - Historical Drilling

Buenaventura in 1997 who completed a two-stage, 12-hole drill program that included eight (8) NQ core and a four (4) reverse circulation drill holes totalling 2254.5 m. GlobeTrotters’ then subsidiary Rio Marañon Minerals S.A.C. re-analysed portions of the core from the eight (8) diamond drill holes in 2011 with hole 001-97 returning significant Au values averaging 2.55 g/t Au over 131 m starting from surface, including 54 m of 5.39 g/t Au1 (Tables 1 and 2). The Au mineralization is associated with the vuggy silica replacement of quartz-clay altered volcanoclastic rocks typical of high sulphidation epithermal Au alteration (Figure 2) but true widths are unknown.

Table 1: Assay results from diamond drill hole 001-97 at Alto Ruri.

Hole ID	Interval (m)	From (m)	To (m)	Au (g/t)
001-97	131	0	131	2.55
including	54	0	54	5.39
including	10	10	20	11.96
including	2.4	23.95	26.35	37.30

Table 2: Reported drill hole collar information (WGS84 Zone 18S).

Hole ID	East	North	Elevation	Azimuth	Dip	Length
001-97	216890	8938804	4215	45	-70	158.1

Alto Ruri Project: Strip log of DDH-01 holes re-assayed by Forte Minerals

Note: 131 m interval of 2.548 g/t Au correlates with advanced argillic alteration along hole and confirm Au assays reported by Buenaventura.

Figure 2: Drill core from Alto Ruri hole AR001 showing irregular vuggy silica replacement of advanced argillic altered volcanoclastic rock.

Cerro Quillo Porphyry Au-Cu-Mo

Summary

The Cerro Quillo prospect was drill tested by Anglo American Exploration Perú S.A. in 2004 who completed a nine (9) hole drill program for a total of 2684.90 m. The holes were drilled in the vicinity of the Cerro Quillo Porphyry Complex located three (3) km to the west of Alto Ruri. The historical assay results from hole 003-Q returning 200 m of 0.49 g/t Au, 0.09% Cu, and 0.007% Mo but true widths are unknown (Table 1). The Cerro Quillo Porphyry Complex is a series of mineralized diorite porphyry dikes intruding Miocene aged intermediate to felsic volcanic and volcanoclastic rocks. The system is potassic altered with secondary biotite alteration, A-type and B-type veins, and local magnetite stringers overprinted by a larger 2.5 km x 1.5 km phyllic-argillic alteration zone comprised of pervasive sericite-clay alteration, D-type veins and locally disseminated tourmaline.

Cerro Quillo Porphyry Au-Cu-Mo Project– Drilled by Anglo American 2004
- 9 holes for a total of 2684.9 m.
- 003-Q returned best results of 200 m of 0.49 g/t Au, 0.09% Cu, 0.007% Mo.

Table 1 : Reported drill hole collar information (WGS84 Zone 18S).