FRS Agrees to Acquire North Ironcap Gold Project

The acquisition of the North Ironcap Gold Project supports Forrestania's strategy to enhance its gold portfolio, adding significant value for shareholders.

<ul><li>Entered a Binding Heads of Agreement to acquire 100% of North Iron Cap Pty Ltd.</li><li>North Ironcap Gold Project hosts a JORC-compliant inferred resource of approximately 105,953 ounces of gold.</li><li>Project located near existing Forrestania tenure, leveraging regional geological potential.</li><li>Completion expected by 30 October 2025, pending due diligence and shareholder approval.</li></ul>

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FRS Agrees to Acquire North Ironcap Gold Project