TORONTO, ONTARIO--(Marketwire - Aug. 15, 2012) - Forsys Metals Corp. (TSX:FSY)(FRANKFURT:F2T)(NAMIBIAN:FSY) ("Forsys" or the "Company") is pleased to announce the appointment of Martin Hirsch as the Chief Geologist of the Company.
Mr Hirsch is a professionally registered geologist with a Master's Degree in Geology from the Johan Wolfgang Goethe University in Frankfurt au Main, Germany.
Mr Hirsch has more than 20 years experience in opencast mining and exploration project management in uranium and diamonds. Mr Hirsch has gained valuable industry and Namibian experience whilst in the employment of Rio Tinto at its Rössing Uranium Mine and at Areva Resources Namibia.
Forsys' CEO, Marcel Hilmer commented, "We are thrilled Martin is joining our senior management team and believe he will make a great contribution to the Company's future success. The knowledge and experience obtained during his years as the Chief Geologist at the Rössing Uranium Mine will greatly assist with our on-going uranium development and exploration programs in Namibia."
Our previous Chief Geologist, Johan De Bruin departed the Company on July 17, 2012.
About Forsys Metals Corp.
Forsys Metals Corp. is an emerging uranium producer with 100% ownership of both the fully permitted Valencia Uranium Project and Namibplaas Uranium Project in Namibia, Africa a politically stable and mining friendly jurisdiction. Information regarding current National Instrument 43-101 compliant resource and reserves at the Valencia and Namibplaas Uranium Project's is available on our website.
On behalf of the Board of Directors of Forsys Metals Corp.
Marcel Hilmer, Chief Executive Officer
Sedar Profile #00008536
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause Forsys actual results to differ materially from those expressed or implied by such forward looking statements: fluctuations in uranium prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; recovery rates, production estimates and estimated economic return; general market conditions; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full description of these risks can be found in Forsys Annual Information Form, dated March 29, 2011, available on the Company's profile on the SEDAR website at www.sedar.com. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
Shares Outstanding: 109,875,422
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.