Forbes & Manhattan Coal Corp announced an update with respect to its previously held Agnew Lake properties located in the Hyman and Porter Townships in Sudbury, Ontario.

The Agnew Lake project consists of two separate exploration properties comprised of the Agnew Lake North Uranium property which is the most advanced of the two claim blocks and the Agnew Lake South property. The Agnew Lake North Uranium Property consists of seven unpatented mining claims located approximately 75 kilometres by road west of Sudbury, Ontario, in Hyman and Porter Townships.

These claims encompass the past producing Agnew Lake Uranium Mine which was operated by Kerr Addison Mines Ltd between 1977 and early 1983 producing approximately 1.9 million pounds of uranium. Three of the claims (850 hectares) are subject to a Federal license under the Nuclear Safety and Control Act. The Agnew Lake South Property consists of four unpatented mining claims (covering 692 hectares, or 1710 acres) located in Hyman Township of the Elliot Lake-Blind River uranium district, Ontario.

In September 2008, the Corporation announced that it had completed Phase III of the 2008 drill program consisting of 11 holes totaling 3,500 metres of NQ diamond drilling on the Agnew Lake North Uranium Property (See Press Release dated September 18, 2008). At this time, the Corporation also completed an aggregate of 62.3 line kilometres of ground geophysics at the Agnew Lake North Uranium Property and the Agnew Lake South Property. With respect to the Agnew Lake South Property, the Company completed magnetic, VLF-EM and IP surveys. Preliminary data with respect to these surveys indicate an antiformal structure with conglomerate units cropping out on the north limb and coincident high radioactivity that suggests conditions for a deposit similar to that found to the north. A follow up radiometric survey confirms the presence of uranium bearing conglomerates close to surface.