Receives Unconditional Court Approval for Second Amendment Agreement With GFI

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Clavis

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Receives Unconditional Court Approval for Second Amendment Agreement With GFI

posted on Apr 27, 2009 08:58AM

April 27, 2009

Forsys Receives Unconditional Court Approval for Second Amendment Agreement With GFI

TORONTO, ONTARIO--(Marketwire - April 27, 2009) - Forsys Metals Corp ("Forsys" or the "Company") (TSX:FSY)(FRANKFURT:F2T)(NSX:FSY) is pleased to announce that it has now received the unconditional approval of the Ontario Superior Court of Justice (Commercial List) (the "Court") in connection with the terms of the second amendment agreement (refer to Forsys press release dated April 2, 2009) which amended certain terms of the arrangement agreement between Forsys and George Forrest International Afrique S.P.R.L. ("GFI") and maintains the CAD$7.00 per common share purchase price. As a result of the Courts unconditional approval, neither a Forsys special shareholder meeting or further court approvals will be required to complete the plan of arrangement.

On Behalf of the Board of Directors of Forsys Metals Corp.

Duane Parnham, President and CEO

For further information visit our website at www.forsysmetals.com.

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