Forsys Metals Corp. announced that it has applied to the Ministry of Mines and Energy of Namibia for a 25 year mining licence to develop its Namibplaas uranium deposit as part of the Company's Norasa Uranium Project (“Norasa Project” or “Norasa”) located in Namibia, Africa. The application was filed in the name of the Company's 100% owned subsidiary, Valencia Uranium (Pty) Ltd. The Norasa Project comprises wholly owned uranium deposits situated within the Valencia and Namibplaas sites, The Company holds a full 25-year Mining Licence (ML-149) for its Valencia deposit, which is valid until 2033.

If the mining licence is granted for the Namibplaas deposit, this will add further resources to the Norasa Project. Namibia is a stable country with a well-established mining industry where mining constitutes a cornerstone of Namibia's economy (10% of GDP and >50% of exports). The country is presently the world's 2nd large producer of uranium (12% of global output) and the 5th large country by uranium resources (>1.5B lbs U3O8).