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Forsys Metals Corp.
TSX:	FSY

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February 6, 2008
Forsys Metals Corp.: Uranium Exploration Licences Renewed
TORONTO, ONTARIO--(Marketwire - Feb. 6, 2008) - Forsys Metals Corp. ("Forsys" or the "Company") (TSX:FSY) is pleased to announce that the Ministry of Mines and Energy of Namibia has awarded the renewal of Exclusive Prospecting Licence ("EPL") 3638 ("Namibplaas") for nuclear fuel to Dunefield Mining Company, a private company, which is 70% owned by Forsys and 30% owned by Ancash Investments (Pty.) Ltd. ("Ancash"). Ancash is a Namibian based private company 70% owned by Forsys. The term of the licence is for 2 years expiring November 2009. EPL 3638 comprises 5,544 hectares and is located approximately 7.5 km northeast of the Valencia uranium deposit. EPL 3638 contains a historical uranium occurrence, labeled Anomaly 24, which received limited historical Diamond drilling by Gold Fields Limited in the 1970's. The Company is also pleased to announce the renewal of 4 additional EPL's for nuclear fuels granted for a 2 year term expiring November 2009. EPLs 3632, 3635, 3636 and 3637, which cover an aggregate area of 252,798 hectares, were awarded to the Company's subsidiary Ancash. The licences contain numerous uranium-bearing alaskite intrusions within schist, marble and metasediment lithologies the same sequences present at Valencia and Rossing. There is also evidence of a paleo channel northeast of Trekkopje which has potential for a calcrete deposit. To view a map of Figure 1: Location of renewed Dunefield and Ancash EPL's, please visit the following link: http://www.ccnmatthews.com/docs/EPLsmap.jpg. Dr. Roger Laine, Chief Geologist of Forsys, is the designated Qualified Person responsible for all of Forsys' exploration programs as well as the person responsible for the technical contents of this news release. On Behalf of the Board of Directors of Forsys Metals Corp. Duane Parnham, President and CEO For further information visit our web site at www.forsysmetals.com. Sedar Profile #00008536 Shares Outstanding: 76,838,998 The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Forsys Metals Corp.
Bruce Hall
Chief Communications Officer
(905) 844-4646
Email: bhall@forsysmetals.com
Website: www.forsysmetals.com

or

In Namibia:
Forsys Metals Corp.
+264 61 219 462
Email: wrn@forsysmetals.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Forsys Metals Corp.

	DEVELOPMENT STAGE
	CODE : FSY.TO
	ISIN : CA34660G1046

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Forsys Metals is a zinc and copper exploration company based in Canada.

Forsys Metals develops zinc, copper and uranium in Namibia, and holds various exploration projects in Namibia.

Its main asset in development is VALENCIA URANIUM in Namibia and its main exploration properties are OMARURU, ELBE PROJECT, ONDUNDU and NAMIBPLAAS in Namibia.

Forsys Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 132.8 millions as of today (US$ 96.4 millions, € 90.5 millions).

Its stock quote reached its highest recent level on April 20, 2007 at CA$ 9.94, and its lowest recent point on June 30, 2016 at CA$ 0.05.

Forsys Metals has 145 910 000 shares outstanding.

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Forsys Metals Corp.

Uranium Exploration Licences Renewed

Forsys Metals Corp.