Forsys Metals Corp. announced positive drilling results from an extension exploration program on the company's fully permitted Valencia Mining Licence 149 in Namibia, Africa. The new discovery, "Valencia East" is located 500 metres northeast from the planned Valencia production pit.

Since November 20, 2012 the company has completed a total of 15 percussion drill holes for a total of 2,250 metres. The company announced that as a result of the continued exploration success at Valencia, comprising Valencia Main, Valencia East and Valencia North and at Namibplaas (EPL 3638), combined with the high likelihood of common infrastructure (a NI 43-101 technical reporting requirement); these projects will now be consolidated and considered as a single project. The company has designated that the newly consolidated property be named, Norasa uranium Project.

Norasa is an everyday term used by the rich and diverse culture of the Damara people and means united or putting things together. The company has consolidated its various projects in the Erongo region and collectively they will be known as, Norasa. The location of each project and details of the stage of development and or resources are: Valencia Main: Mineral Resources of 143.80 Mt, grade ppm eU3O8 191 for 60.5 Mlbs U3O8 including Reserves of 148.0 Mt, grade ppm U3O8 172 for 56.0 Mlbs.

Valencia East: Highly prospective ongoing exploration site. Valencia North (previously "Joly Zone"): A prospective exploration target with 825.5m drilled from 5 diamond drill holes and 451m drilled from 3 percussion holes. Renewed drilling activity is expected to commence in H2 2013.

Namibplaas Main: Mineral Resources of 99.5 Mt, grade ppm eU3O8 152 for 33.4 Mlbs U3O8.