Forsys Metals Announces Change of Auditor

Rhea-AI Summary

Forsys Metals (OTC: FOSYF) changed its auditor effective February 5, 2026, replacing BDO Audit Pty Ltd with RSM Canada LLP. The board and audit committee approved the resignation and appointment. There were no modified opinions or reportable events with the former auditor. The company will file the required NI 51-102 reporting package within the prescribed period.

Toronto, Ontario--(Newsfile Corp. - February 6, 2026) - Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) ("Forsys" or the "Company") announces that it has changed its auditor from BDO Audit Pty Ltd. (the "Former Auditor") to RSM Canadea LLP (the "Successor Auditor"). The Former Auditor resigned as the auditor of the Company effective February 5, 2026 and the board of directors of the Company appointed the Successor Auditor on February 5, 2026, to hold office until the next annual shareholder meeting of the Company.

The Company's board of directors and audit committee each approved the resignation of the Former Auditor and the appointment of the Successor Auditor in place of the Former Auditor. There have been no reservations or modified opinions contained in the Former Auditor's reports on any of the Company's financial statements relating to the relevant period (as defined in Section 4.11 of National Instrument 51-102 ("NI 51-102")) or any subsequent period, and there are no reportable events (as defined in Section 4.11. of NI 51-102) between the Company and Former Auditor.

The Company will be filing the required reporting package within the prescribed time period in accordance with NI 51-102.

About Forsys Metals Corp.

Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) is an emerging uranium developer focused on advancing its wholly owned Norasa Uranium Project, located in the politically and uranium friendly jurisdiction of Namibia, Africa. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638). Further information is available at the Company website www.forsysmetals.com.

On behalf of the Board of Directors of Forsys Metals Corp. Richard Parkhouse, Investor Relations. For additional information please contact:

Richard Parkhouse, Investor Relations
email: rparkhouse@forsysmetals.com email: info@forsysmetals.com

Forward-Looking Statement

Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward-looking statements contained in this press release are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR+ at www.sedarplus.ca. The forward-looking statements included in this press release are made as of the date of this press release and Forsys Metals Corp disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282977

FAQ

Why did Forsys Metals (FOSYF) change auditors on February 5, 2026?

The change reflects a resignation and appointment process completed on February 5, 2026. According to the company, the former auditor resigned and the board appointed RSM Canada LLP to serve until the next annual meeting, with both board and audit committee approvals.

Who is the successor auditor for Forsys Metals (FOSYF) and when do they take office?

RSM Canada LLP was appointed as the successor auditor effective February 5, 2026. According to the company, RSM Canada LLP will hold office until the next annual shareholder meeting and replaces BDO Audit Pty Ltd.

Did Forsys Metals (FOSYF) disclose any audit reservations or reportable events?

No, the company disclosed there were no reservations or modified opinions in prior auditor reports. According to the company, there are also no reportable events between Forsys Metals and the former auditor under NI 51-102.

Will Forsys Metals (FOSYF) file the required NI 51-102 auditor change reports on time?

Yes, the company stated it will file the required reporting package within the prescribed time under NI 51-102. According to the company, the filing will be completed in accordance with the applicable regulatory timeline.

What approvals were required for the auditor change at Forsys Metals (FOSYF)?

Both the company's board of directors and its audit committee approved the auditor resignation and appointment. According to the company, each body authorized the former auditor's resignation and the appointment of RSM Canada LLP on February 5, 2026.

How long will RSM Canada LLP serve as Forsys Metals' (FOSYF) auditor?

RSM Canada LLP will serve until the next annual shareholder meeting following its February 5, 2026 appointment. According to the company, the successor auditor was appointed to hold office until that next annual meeting.