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Forsys Metals Corp.
TSX:	FSY
FRANKFURT:	F2T

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December 11, 2008
Forsys Corporate Quarterly Update
TORONTO, ONTARIO--(Marketwire - Dec. 11, 2008) - Forsys Metals Corp ("Forsys" or the "Company") (TSX:FSY)(FRANKFURT:F2T)(NSX:FSY) has filed its Unaudited Interim Consolidated Financial Statements and Management Discussion and Analysis ("MD&A") for the three and nine month period ended October 31, 2008. For full details, please refer to the Company's filings on SEDAR at www.sedar.com or the Company's website at www.forsysmetals.com. Significant highlights for the quarter include the following: - The Company embarked on a step-out percussion drilling campaign to determine the boundaries of the ore body at its wholly-owned Valencia Uranium Project ("Valencia") located in Namibia, Africa. 205 holes comprising 60,565 m have been drilled to date in the 2008 Valencia percussion drilling program. Updated drilling results are included in Appendix 1 of the Company's MD&A and can also be found on the Company's website at www.forsysmetals.com. - Subsequent to the end of the quarter, on November 14, 2008 George Forrest International Afrique S.P.R.L. ("GFI") and the Company entered into a definitive agreement pursuant to which GFI will effectively acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Forsys (the "Offer") on the basis of CAD$7.00 per share in cash for each common share of Forsys, plus the "in the money" amount of any outstanding Forsys options and warrants. In connection with the plan of arrangement agreed with GFI, it is expected that an interim court order will be sought and a management information circular mailed to shareholders in mid-January for a shareholders meeting to be held on or about February 24, 2009. The Offer values Forsys at approximately CAD$579 million. - Forsys and GFI have formed a Joint Management Committee ("Joint Management Committee") to oversee the corporate transition process. Under Mr. George Forrest's direction, his son Malta Forrest will work directly with Duane Parnham, President and CEO of Forsys, to deal with ongoing corporate and operational matters. Mr. Pierre Chevalier, Vice President of GFI, will work with Mark Frewin, Director and Legal Counsel of Forsys, and with McCarthy Tetrault LLP to manage the legal requirements relating to the corporate acquisition. Dr. Jacques Cailteux, Manager of Exploration and Development of GFI, will work with Dr. Roger Laine, Chief Geologist of Forsys, to integrate the geological and technical team. Dr. Roger Laine, Ph.D., P.Geo., 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 Forward-Looking Information 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 Corporation. These risks and uncertainties could cause actual results and the Corporation'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 Corporation assumes no obligation to update forward looking information should circumstances or management's estimates or opinions change. Shares Outstanding: 77,170,231 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

or

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

INDUSTRY: Manufacturing and Production - Mining and Metals

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Forsys Metals Corp.

	EN DÉVELOPPEMENT
	CODE : FSY.TO
	ISIN : CA34660G1046

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Forsys Metals est une société d’exploration minière de zinc et de cuivre basée au Canada.

Forsys Metals est en développement de projets de zinc, de cuivre et d'uranium en Namibie, et détient divers projets d'exploration en Namibie.

Son principal projet en développement est VALENCIA URANIUM en Namibie et ses principaux projets en exploration sont OMARURU, ELBE PROJECT, ONDUNDU et NAMIBPLAAS en Namibie.

Forsys Metals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 124,0 millions CA$ (90,8 millions US$, 84,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 20 avril 2007 à 9,94 CA$, et son plus bas niveau récent le 30 juin 2016 à 0,05 CA$.

Forsys Metals possède 145 910 000 actions en circulation.

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	Production
	Mine développement
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Forsys Metals Corp.

Corporate Quarterly Update

Forsys Metals Corp.