Forte Minerals Appoints Patrick Evans as Non-Executive Chairman and Announces the Resignation of Long-Standing Director Doug Turnbull

Core Viewpoint - Forte Minerals Corp. has appointed Patrick Evans as an Independent Director and Chairman of the Board, enhancing the company's governance and strategic direction in developing its copper and gold projects in Peru [1][5][6]. Group 1: Appointment of Patrick Evans - Patrick Evans brings over 25 years of senior mining executive leadership experience, specializing in mergers and acquisitions, capital markets, and asset development across four continents [2]. - His previous roles include CEO of Dominion Diamond Mines and Mountain Province Diamonds Inc., where he led successful exits and significant value creation [3]. - Evans holds degrees in arts and science from the University of Cape Town and has received industry recognition, including the Viola R. MacMillan Award and the Hugo Dummett Award [4]. Group 2: Impact on Forte Minerals - The Board believes Evans's expertise in mergers, acquisitions, and multinational operations will support Forte's development of its copper and gold projects in Peru [5]. - As Independent Chairman, Evans will ensure management decisions align with shareholder interests and the company's long-term strategic objectives [6]. - Patrick Elliott, President and CEO of Forte, emphasized that Evans's appointment is transformational for the company, aiding in advancing its high-quality portfolio and unlocking long-term value for shareholders [7]. Group 3: Resignation of Doug Turnbull - Doug Turnbull has resigned from the Board after fourteen years of service, during which he contributed significantly to Forte's growth and governance [8][9]. - Turnbull is stepping down to pursue a new opportunity with VBKOM, an engineering company based in South Africa [9][10]. - The Board and management expressed gratitude for Turnbull's commitment and contributions to the company's success [10]. Group 4: Stock Options - In connection with his appointment, Patrick Evans was granted 500,000 stock options, exercisable for five years at a price of C$0.78 per share [11]. - An aggregate of 2,250,000 stock options were also granted to other directors, officers, and consultants, totaling 2,750,000 options at the same exercise price [12]. Group 5: Company Overview - Forte Minerals Corp. is an exploration company focused on high-quality copper and gold assets in Peru, with a strategic partnership to access historically drilled, high-impact targets [13]. - The company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners [13].