Mots clés associés : Uranium |

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Forsys Metals Corp.
TSX:	FSY

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March 6, 2008
Forsys Prepares for Contract Mining at Valencia
TORONTO, ONTARIO--(Marketwire - March 6, 2008) - Forsys Metals Corp. (the "Company") (TSX:FSY) is pleased to announce that Valencia Uranium (Pty) Ltd., a wholly-owned subsidiary of the Company ("VUL"), has entered into a Heads of Agreement (the "Agreement") with Basil Read (Pty) Ltd. ("Basil Read") for the provision of mining services for the Company's 100% owned Valencia Uranium Mine ("Valencia") located in Namibia, Africa. Basil Read, based in South Africa since 1952, is a diversified construction company possessing capacity, expertise and a considerable track record in the fields of building, civil engineering, structures, roads and opencast mining. Basil Read is currently performing select contract mining services across southern Africa, including the Rossing Uranium Mine, located approximately 35 km from Valencia. Pursuant to the Agreement, VUL and Basil Read have entered into negotiations on the commercial terms for the provision of mining and construction services for the establishment and operation of Valencia. Priorities at Valencia which will be addressed immediately by Basil Read and the VUL include the development of a mining plan, mining programme and a mining budget. These services will be provided by Basil Read (Namibia) Ltd., a wholly-owned subsidiary of Basil Read. Mr. Duane Parnham, Forsys President & CEO stated: "The relationship with Basil Read brings operational expertise with relevant experience directly related to the conditions at Valencia. This represents another important step forward in the continued development of the Valencia Uranium Mine." 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

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 132,8 millions CA$ (96,4 millions US$, 90,5 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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Forsys Metals Corp.

Prepares for Contract Mining at Valencia

Forsys Metals Corp.