Forum Uranium Corp. Announces $3 Million Private Placement

Forum Uranium Corp. (TSX VENTURE:FDC) (the "Company") is pleased to announce
that it has engaged Secutor Capital Management Corporation (the "Agent") to act
as lead agent in connection with a private placement of up to 3,636,363
flow-through units ("FT Units") at a price of $0.55 per FT Unit for gross
proceeds of up to $2,000,000 and up to 2,000,000 units ("Units") at $0.50 per
Unit for gross proceeds of up to $1,000,000.


Each FT Unit will consist of one flow-through common share and one half of one
non flow-through common share purchase warrant in the capital of the Company.
Each whole share purchase warrant (a "Warrant") is exercisable into one common
share of the Company for a period of 12 months from closing at a price of $0.70
per common share.


Each Unit will consist of one common share and one half of one common share
purchase warrant in the capital of the Company. Each share purchase warrant (a
"Warrant") is exercisable into one common share of the Company for a period of
12 months from closing at a price of $0.65 per common share.


On closing the Company will grant to the Agent an over-allotment option to
increase the size of the offering by 10% of the FT Units and Units that are
purchased under the private placement. The option is exercisable in whole or in
part for a period of 30 days from closing on the same terms as set forth above
solely to cover over-allotment.


The Company will pay to the Agent a cash commission of 7% of the gross sales of
FT Units and Units and issue to the Agent 7% of the number of FT Units and Units
sold in Compensation Options, with each Compensation Option being exercisable
for 12 months at a price of $0.50.


All the securities issuable will be subject to a four-month hold period from the
date of closing. The private placement is subject to the approval of the TSX
Venture Exchange. 


The proceeds received from the FT Units will be used by the Company to incur
qualified Canadian Exploration Expenses and the proceeds raised by the issuance
of Units will be utilized for exploration of the Company's uranium projects in
the Athabasca Basin, corporate development and general and administrative
purposes.


About Forum Uranium

Forum Uranium Corp. is a Canadian-based energy company with a focus on the
acquisition, exploration and development of Canadian uranium projects. Forum has
assembled a highly experienced team of exploration professionals with a track
record of mine discoveries for unconformity-style uranium deposits in Canada.
The Company has a strategy to discover near surface uranium deposits in the
Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its
100% owned properties and through strategic partnerships and joint ventures. 


ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo., President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Forum Uranium Corp.
Rick Mazur
President & CEO
604-630-1585
604-689-3609 (FAX)


Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
info@forumuranium.com
www.forumuranium.comU


CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com

Forum Uranium Corp. (TSXV:FDC)
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