Forsys Metals is a uranium mining company advancing its Norasa project in Namibia. The presentation provides an overview of Forsys and the Norasa project, including its large resource base, positive economics from pre-feasibility studies, and fully permitted status. Forsys has an experienced management team and is well positioned to capitalize on an improving uranium market with production planned for 2016.

1. Forsys Metals
Investor
Presentation
Q2 2014
Marcel Hilmer, CEO
TSX: FSY | FSE: F2T | NSX: FSY

2. FORWARD-LOOKING STATEMENTS
Investor Presentation | Q2 2014 | Page 2
Some of the statements contained in the following material are forward looking statements and not statement of facts. Such statements are
based on the current beliefs of management, as well as assumptions based on management information currently available. Forward
looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from
expected results. Readers must rely on their own evaluation of these uncertainties.
This presentation uses the terms, “Measured Resources,” “Indicated Resources” and “Inferred Resources.” The Company advises investors
that although these classification terms are recognized and required by Canadian regulations (National Instrument 43-101—Standards of
Disclosure for Mineral Projects “NI43-101”), they are not recognized by the U.S. Securities and Exchange Commission. Investors are also
cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to Mineral Reserves. Investors
are also cautioned that “Inferred Resources” have a great amount of uncertainty to their existence and economic feasibility.
Additional information identifying the Company’s risks and uncertainties is contained in its filings available at www.sedar.com.
NI 43-101 and Qualified Persons
Mr. Martin Hirsch, M.Sc in Geology and a member of the British IMMM, Chief Geologist for Forsys Metals Corp., is the designated Qualified
Person responsible for the Company’s exploration programs. He is familiar with the methods for Quality Assurance and Quality Control
specifically applicable to uranium. Mr Hirsch has sufficient experience that is relevant to the style and mineralization, type of deposit and
the use of radiometrics in resource estimates as well as to the activity he is undertaking to qualify as a Qualified Person under NI 43-101.
Mr. Dag Kullmann, M.Sc. Mining Engineering from the University of Alberta, a Fellow of the Southern African Institute of Mining and
Metallurgy (SAIMM), Engineering Manager for Forsys, is the designated QP responsible for the reporting of Mineral Reserves. Mr. Kullmann
has sufficient experience in the assessment and application of modifying factors required for the determination of reserves for open pit
operations to qualify as a QP under NI 43-101.

3. Advancing
Africa’s
most compelling
uranium project
Investor Presentation | Q2 2014 | Page 3

4. Well positioned for positive uranium sector outlook
• The most advanced, well located
and licensed project in Namibia
• Large compliant Resources and
Reserves
• 2014 Pre-feasibility confirms
compelling economics
• Production scheduled in 2016
Investor Presentation | Q2 2014 | Page 4
OUR CORE FOCUS | NORASA

5. Significant upside potential
Investor Presentation | Q2 2014 | Page 5
CAPITAL STRUCTURE
40.4%
53.5%
Insiders
Institutional
Retail
6.1%
Forsys Metals Shareholder Base
Cash* $2.6 M
Share Price** $0. 55
12 months range $0.32 -$0.80
Avg. daily volume 3 Mth’s 21.8 K
Market Cap (diluted) CAD $62.3 M
Shares Outstanding* 109.8 M
Options* 2.5 M
Fully Diluted* 112.3 M
* As of December 31, 2013 ** As of March 25, 2014

6. Driven by demand for affordable and clean electricity
POSITIVE URANIUM FUNDAMENTALS
Investor Presentation | Q2 2014 | Page 6
30%
nuclear power
• Global power consumption to
grow 4% every year to 2020+
• 30 nuclear power countries
expanding capacity
• 45 nuclear-free countries
looking to add nuclear power
• Driven by rising fossil fuel costs
and harmful emissions
growth
in
by 2020*
*Global Data, 2013

7. URANIUM RECOVERY
UNDERWAY
553
New
reactors to
be built or
under
construction
China India Russia U.S.A Saudi Arabia World Total*
Under Construction 28 6 10 5 0 70
Planned 58 18 31 7 0 173
Proposed 118 39 18 15 16 310
Total 204 63 59 27 16 553
Operable 20 21 33 100 0 434
Growth led by
emerging
countries without
domestic supply
Presentation | Q2 2014 | Page 7 *WNA Q2 2014

8. URANIUM SUPPLY CRISIS BREWING
• Annual U3O8 demand 180M lbs but current production supply 150M lbs
• Gap filled by declining secondary sources, e.g. concluded HEU agreement between
U.S.A and Russia
• Strong fundamentals support $65 - $70/lb long-term analyst price forecasts
* Graph Dundee Capital Markets – Q2 2014
Presentation | Q2 2014 | Page 8

9. PROVEN
URANIUM
JURISDICTION
• Pro-business, stable
democracy
• Fair and balanced tax code
• Metals: uranium, gold,
diamonds, zinc, copper and
lead
5th
largest global producer
of uranium
GDP derived from
mining
11.5%
Investor Presentation | Q2 2014 | Page 9
NAMIBIA

10. 35km from Rio Tinto’s Rossing Mine
NORASA | IDEAL LOCATION
SWAKOPMUND
ARANDIS
NORASA URANIUM PROJECT
RIO TINTO’S ROSSING MINE
PALADIN’S
LANGER HEINRICH MINE
Mine Sites
Towns
NAMIBIA
N
AREVA’S TREKKOPJE MINE
Investor Presentation | Q2 2014 | Page 10

11. * Total Measured & Indicated Resources and Proven and Probable Reserves estimate at cut-off of 100ppm for Valencia and 160ppm for Namibplaas – October 2013
and Q2 2014. Resources include Reserves
• Consolidation of 3 zones: Valencia Main / Satellite Pit & Namibplaas
• Estimated Inferred Resource: 50Mt grading 198ppm for 22Mlbs of U3O8
• Open pit environment
NORASA | WORLD CLASS
U3O8
Reserves
Total P&P:
Grade:
Presentation | Q2 2014 | Page 11
Resources
Total M&I: 103 Mlbs*
Grade: 197 ppm
79 Mlbs*
202 ppm

12. INFRASTRUCTURE: #1 IN AFRICA*
Water Supply
Power Supply
Roads
Buildings
• Short and medium term supply of water from Areva’s
desalination plant
• NamWater’s own desalination plant to provide long term
requirements of up to 20 million cubic metres per annum
• Namibia signed electricity import agreement with
Mozambique in 2013 for 122MW
• NamPower to construct its own 800MW gas power station
in co-operation with Zambian power company
• 26 km of new access road linking Valencia mine to highway
completed in mid 2010. Some internal service roads have
also been constructed
• Semi-permanent village will be established 8 km from
process plant
Investor Presentation | Q2 2014 | Page 12
* Fraser Institute Report 2012/13

13. NORASA IN PERSPECTIVE
Future Global Producer
Investor Presentation | Q2 2014 | Page 13
6annual
production
in tonnes U3O8
Data from the World Nuclear Association and Forsys NI 43-101 Technical Report March 27, 2014
Top
7520
3386
3146 3065
2661
2305 2289 2135 2011 1955

14. $245m
Post-tax NPV
$36.43/lb
Cash Costs3
Presentation | Q2 2014 | Page 14
COMPELLING ECONOMICS
1 Snowden, Valencia Uranium (Pty) Ltd: Addendum to June 2009 Technical Report; Project No 696 dated January 2010
2 Compliant NI 43-101 Technical Report released on March 27, 2014 based on Q1 2014 upgraded reserves estimate
3. Cash costs for the first 5 years of operation. LoM in 2010 is $37.76 and for 2014 is $38.20
20101
$410m
Post-tax NPV
$34.76/lb
Cash Costs3
20142

15. Progress through optimization and consolidation
Capital cost USD $392M
Plant throughput Mtpa 11.2
Production MLb/pa 5.0
Cash costs - 5 Yrs
- LoM
$/lb $34.76
$38.20
Average grade ppm 202
Recoveries % 89.1
Revenue (LoM) USD $4.4B
EBITDA $1.8B
IRR % 36.0
NPV (discount rate 8%) USD $410M
* 2014 NI 43-101 Technical Report released on March 27, 2014 and available for download on www.sedar.com. See also
Appendix and News Release: March 27, 2014 for details
Investor Presentation | Q2 2014 | Page 15
NORASA | 2014 Technical Report*

16. Permit Summary
Permit Issued By Status
Mining Licence (ML149) Ministry of Mines and Energy

Accessory Works Ministry of Mines and Energy

Environmental Clearance —Valencia Village Ministry of Environment and Tourism

Environmental Clearance Ministry of Environment and Tourism

Petroleum Consumer Installation Ministry of Mines and Energy

Desalination Ministry of Agriculture, Water & Forestry

Investor Presentation | Q2 2014 | Page 16
VALENCIA ZONE | FULLY PERMITTED

17. NORASA PROJECT SCHEDULE
Areva Presentation | Q2 2014 | Page 17
Period
Q1 14
Q4 14
Q1 15
2015/16
Q2 15
Q3 16
Commence mining 0 ROM pad and stockpiles
Commence commercial production 0
Scheduled to commence ramp-up in Q4 2015
with a six month period before achieving full
commercial production
Release NI 43-101 Technical Report on
Norasa Reserves Statement
100
Completed to pre-feasibility level and confirmed
strong economics.
Complete plant, site and service
infrastructure
5 Development expenditure
Commence construction of the Norasa
Uranium Project
5 Requires completion of the DFS and funding
Definitive Feasibility Study for
consolidated Norasa Project
35
The DFS will utilize the updated reserves,
Engineering Cost Study and previous TR's to
deliver a definitive report on the project
Objective % Completed Notes

18. MANAGEMENT
An experienced team – successfully delivering projects on
time and within budget
Investor Presentation | Q2 2014 | Page 18
Marcel Hilmer
CEO & Exec. Director
30 years of senior management experience with global public and private organizations, specifically with international mergers and
acquisitions in Africa, Europe, Asia and Australia. A long standing fellow of the Institute of Chartered Accountants in Australia. Previously,
with First Quantum Minerals Limited as a business development executive.
Rowen Colman
CFO
A Chartered Accountant with over 25 years of successful senior financial management experience in various global industries and holds a
Bachelor Degree in Commerce from the University of NSW, Australia. Previously, was the Development Director for a major sovereign
wealth fund in the Middle East and guided the fund from start-up to a global powerhouse.
Mark Frewin
VP Legal Affairs & Director
Was a partner at the international law firm of McCarthy Tétrault, and based in their London England office. Focuses on energy and in
particular mining and metals. Has participated in numerous international mine financings including several for companies which do
business in Africa. Mr. Frewin is also a director of the Company and of IC Potash.has been a director of Caledonian Consultancy Kimited
since June 2013 and a director of Giyani Gold Corp. since June 2012.
Dag Kullmann
General Manager & Project
Engineer
A Mining Engineer (M.Sc. University of Alberta, Canada, 1989) with over 20 years of experience in the precious, base metals, diamonds,
coal and uranium mining industry throughout Africa and within Asia and Europe. Acted as Qualified Person for several large and small
mining companies for the completion of reserve reporting and listing documentation for the JSE, AIM, ASX and TSX.
Martin Hirsch
Chief Geologist
An experienced and professionally registered Geologist with a Master’s Degree in Geology from the Johan Wolfgang-Goethe University in
Frankfurt A.M, Germany. Has more than 20 years of mining industry experience in opencast mining and exploration project management in
uranium and diamonds. Previously with Rio Tinto’s Rössing Uranium Mineas Chief Geologist and Areva Resources Namibia.

19. DIRECTORS
100+ years of experience in African mining
Martin R. Rowley
Independent Director &
Chairman
Graduated from the University of Western Australia with a Bachelor of Commerce degree in 1975. He worked as executive assistant to
the Board of Directors of a large Australian public company from 1980 to 1984. He then established his own resource consulting and
investment company and was involved as a shareholder, Director and Chairman of a number of Australian public resource companies
before co-founding First Quantum Minerals Ltd in 1997. Since November 2013 he has been a non-executive Chairman of Galaxy
Resources Limited
Thomas Allen
Independent Director
A counsel to Norton Ross Canada LLP, an international law firm, and has extensive experience advising numerous corporations on
corporate affairs, corporate governance, corporate financings and reorganizations.
Paul Matysek
Independent Director
Served as President and Chief Executive Officer of Lithium One Inc. and Nevada Copper Corp. Has over 35 years of exploration and
development experience and has been involved in raising over $200 million for various exploration and development projects since
1999. Has been CEO of Goldrock Mines Corp since November 2012.
Claudio Cornini
Independent Director
Founder and current Executive Director of Cornhill and Harvest Ltd. (C&H). Since 2008, C&H has focused on providing small cap and
larger private companies with investment, corporate finance and M&A advisory services Prior to this, between 2004 – 2008, He served
as Chairman of AAA Bank in Milan, Italy and concurrently, from 2007 to early 2008, he was in charge of the Network Desk at ABN
AMRO in Italy.
Marcel Hilmer &
Mark Frewin
Details on previous management slide
Investor Presentation | Q2 2014 | Page 19

20. VALUATION AGAINST PEERS
Current EV and expected sector recovery
provide attractive entry point
Average
$1.09/lb
EV/lb($)
Investor Presentation | Q2 2014 | Page 20
3.5
1.6
1.2
0.8 0.8
0.6
0.3 0.2
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
DML.T KIV.V UEX.T LAM.T MGA.T FSY.T DYL.AX BAN.T

21. FORSYS
INVESTMENT
SUMMARY
Investor Presentation | Q2 2014 | Page 21
Poised to capitalize on uranium sector
recovery
Experienced management team
Consolidated project in mining friendly
jurisdiction
Pre-feasibility with large Resource and
Reserves - strong economics and a low
cost environment
Advancing towards production
Fully permitted with excellent
infrastructure

22. CONTACT
INFORMATION
Investor Presentation | Q2 2014 | Page 22
Australian Representative Office
Marcel Hilmer, CEO
18 Richardson Street
West Perth WA 6005
+61 (0) 8 9426 6400
info@forsysmetals.com
Namibian Operations
Dag Kullmann, General Manager
1st Floor, Makarios Centre
Cottage Avenue
Swakopmund
+264 (0) 64 402 772
kullmann@forsysmetals.com
Canadian IR and Corporate Services
Joe Racanelli, VP, TMX Equicom
31 Adelaide Street East
Toronto, Ontario M5C 2K3
+1 416-815-0700 ext. 243
jracanelli@tmxequicom.com
www.forsysmetals.com

23. APPENDIX

24. RESOURCES & RESERVES
Presentation | Q2 2014 | Page 24
• Measured and Indicated Resources based on updated and released Estimate of Resources – 7 October
2013. Resources include Reserves.
• Reserves based on updated and released Estimate of Reserves – February 2014
Category Cut-Off Grades Tonnes [M] U3O8 [ppm] U308 [mlb]
Measured + Indicated Resources
Val 60ppm: Nam 100ppm 447 153 150
Val 100ppm: Nam 160ppm 237 197 103
Val 140ppm: Nam 200ppm 125 248 68
Inferred Resources
Val 60ppm: Nam 100ppm 105 156 36
Val 100ppm: Nam 160ppm 50 198 22
Val 140ppm: Nam 200ppm 18 269 10
Proven and Probable Reserves
Val 100ppm: Nam 160ppm 174 202 79

25. OPEN PIT DESIGNS
Presentation | Q2 2014 | Page 25
NamibplaasValencia Main & Satellite
Valencia pit design, isometric view with the
higher grade resource blocks within the pits.
Mining licence boundary shown in red. (view
NNE)
Namibplaas pit design, isometric view with
the higher grade resource blocks within the
pit. (view N)

26. NI 43-101 Technical Report*
Investor Presentation | Q2 2014 | Page 26
-
50
100
150
200
250
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
Uranium MLbs Head Grade
* 2014 NI 43-101 Technical Report released on March 27, 2014 and available for download on
www.sedar.com. See also Appendix and News Release: March 27, 2014 for details
Planned Annual Uranium Production