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Rimini Investments Updates Coverage on Force Energy Corp., Resulting in a Buy Recommendation With Increased Price per Share Estimate

DENVER, CO--(Marketwire - 05/02/11) - Force Energy Corp. (OTC.BB:FORC - News) (Frankfurt:FC2 - News) (hereafter "Force," the "Company"), a junior Lithium, Rare Earth and Hydrocarbon exploration company, is pleased to announce it has received an update on its existing analyst coverage by Rimini Investments, resulting in a buy recommendation and a price per share estimate of $1.82.Rimini Investments notes that they have updated this report for the following reasons: A heated activity in the lithium market in general; higher prices being paid for lithium and junior lithium exploration companies, specifically, and the higher premium attached to the stock prices of all players in this sector as of April 2011.The report outlines the estimated resource value of Force Energy's 100% owned Zoro 1 property in the Snow Lake region of Manitoba, Canada. The updated 31-page report also outlines the Lithium industry, including production and projected demand.For access to the report, please visit www.riminiinvestments.com or download a copy of the report at www.forceenergycorp.com.About Rimini Investments
Rimini Investments is an employee-owned, boutique service, research and consulting firm. Rimini is international in scope with researchers working from Canada, the USA, China, Mexico, India and Europe. The firm specializes in growth investing in industries ranging from natural resource companies, technology companies to alternative company investments.About Force Energy Corp.
Force Energy Corporation (FORC) is a Lithium, Rare Earth and Hydrocarbon Exploration and Development Company based in Denver, Colorado.Force Energy plans to explore and develop its Zoro 1 Lithium property located in the Snow Lake area of west-central Manitoba, Canada. Drill-indicated Lithium mineralization on our Zoro 1 property coupled with data from channel samples in one blasted trench gives a total undiluted tonnage of 1,727,550 tons grading 0.945% lithium dioxide.Force Energy also maintains a 50% working interest in the Hayter Well, a Hydrocarbon well located in Alberta, Canada.Force Energy Corporation's shares are publicly traded on the NASDAQ OTCBB under the ticker symbol FORC.On behalf of the Board of Directors
"Mr. Tim DeHerrera"
FORCE ENERGY CORP.Legal Notice Regarding Forward-Looking StatementsLegal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward-looking statements are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions or that events or conditions "will," "would," "may," "can," "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's periodic filings filed from time to time with US Securities and Exchange Commission at www.sec.gov.This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.