Forsys Metals Corp Reports Results of the Special Meetingof Shareholders, Optionholders and Warrantholders - February 27, 2009 12:01PMET

Forsys Metals Corp ("Forsys")(TSX:FSY)(FRANKFURT:F2T)(N... is pleased to announce that at a specialmeeting held today, Forsys' shareholders, optionholders and warrantholdersapproved the previously announced plan of arrangement (the "Arrangement")which, when implemented, will involve the acquisition (the"Transaction") by George Forrest International Afrique S.P.R.L. (orits nominee) of all the issued and outstanding common shares of Forsys at aprice of CAD$7.00 per share in cash and all of Forsys' outstanding"in-the-money" options and warrants for their"in-the-money" value pursuant to the Arrangement. The final certifiedresults of the vote are as follows:

(a) 99.96% of common shares voted in favour of theArrangement, 0.04% voted against. A total of 23,095,959 votes were cast,representing 29.93% of eligible outstanding common shares.

(b) 97.83% of eligible options voted in favour of theArrangement. A total of 5,413,000 votes were cast, representing all outstandingoptions.

(c) 100% of warrants voted in favour of the Arrangement.A total of 7,500,000 votes were cast, representing all outstanding warrants.

These totals exceed the required two-thirds of the votescast on the arrangement resolution by shareholders present in person orrepresented by proxy at the special meeting, and shareholders, optionholdersand warrantholders present in person or represented by proxy at the specialmeeting voting together. As previously announced, the Arrangement will besubmitted to the Ontario Superior Court of Justice (Commercial List) for afinal order of approval on March 3, 2009. No registered shareholders exerciseddissent rights with respect to the proposed Arrangement.

The closing of the Transaction is expected to occur afterthe satisfaction and/or waiver of all conditions precedent to the Arrangement,which is currently expected to occur on or about March 12, 2009 but no laterthan March 18, 2009.

About Forsys Metals Corp

Forsys Metals Corp is an emerging uranium producer inNamibia with 100% ownership in the Valencia Uranium Deposit, for which MiningLicence ML149 was received in August 2008. The Company also has an extensiveportfolio of uranium exploration projects totaling over 252,000 ha located inNamibia, Africa a politically-stable, mining friendly jurisdiction.

About George Forrest International SA

The Forrest Group is a private industrial conglomeratefounded in 1922 in what is now the Democratic Republic of Congo. The ForrestGroup is one of the country's largest enterprises with businesses spanningcivil engineering, mining, manufacturing and construction and operations inAfrica, Europe and the Middle East. With the recent expansion of ForrestInternational into the Namibian market, George Forrest, President of theForrest Group, stated "Namibia, in my view, is a country with a verypositive future for economic growth and represents a very good return oninvestment." Forrest also noted that he was very impressed with theNamibian infrastructure and the regulatory environmental standards.

About Namibia

Namibia is located on the west coast of Africa, borderedby Angola and Zambia to the north, Botswana to the east, and South Africa tothe south. The population of Namibia is estimated at just over two millionpeople, with the capital located in Windhoek. The climate is dry with sparserainfall during the rainy season. At present, 20% of the annual GDP comesdirectly from mining; Namibia is the fifth largest producer of uranium in theworld.

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 Sedar Profile#00008536.

Forward-Looking Information

This news release contains projections and forwardlooking information that involve various risks and uncertainties regardingfuture events. Such forward looking information can include without limitationstatements based on current expectations involving a number of risks anduncertainties and are not guarantees of future performance of the Corporation.These risks and uncertainties could cause actual results and the Corporation'splans and objectives to differ materially from those expressed in the forwardlooking information. Actual results and future events could differ materiallyfrom anticipated in such information. These and all subsequent written and oralforward looking information are based on estimates and opinions of managementon the dates they are made and expressed qualified in their entirety by thisnotice. The Corporation assumes no obligation to update forward lookinginformation should circumstances or management's estimates or opinions change.

Footnote:

The number of Forsys shares currently outstanding is77,685,231. Given the number of options and warrants that are currently inissue, Forsys' share capital amounts to 91,273,231 shares on a fully dilutedbasis.

Shares Outstanding: 77,685,231

SOURCE: Forsys Metals Corp.