Forum Commences Drilling at Northwest Athabasca JV to Follow-Up on 39.5m of Uranium Mineralization

Forum Uranium Corp. (TSX VENTURE:FDC) ("Forum" or the "Company") is pleased to
announce that the 3,000 metre drill program approved by the Northwest Athabasca
Joint Venture has commenced. This program will follow-up on the positive results
obtained from last winter's drilling, which included Hole NWA-63, (39.5m of
0.15% U3O8 including a 0.5 m interval grading 1.8% U3O8; See press release dated
June 5, 2013) drilled on the Otis West target. The mineralization discovered in
2013 at Otis West is hosted within basement rocks along a major fault (the Otis
fault) parallel to the Maurice Bay fault. It has a strike length of 50m, a
vertical extent of approximately 110m, and remains open to the east and at
depth.


This drill program is designed to determine the eastern extent of the
mineralization discovered at Otis West and its extension on to the Otis East
gravity target, both of which lie on the south side of the 1.5 million pound
Maurice Bay deposit(i) (See Figure 1) and extend for one kilometre within strong
side by side gravity lows. In addition, planned drilling will also test basement
targets identified below the unconformity style Maurice Bay deposit, Zone "A"
(historic grades of up to 6m of 5.64% U3O8 at a depth of 113m to 119m drilled in
1978 by Uranerz Exploration and Mining, a predecessor company of Cameco
Corporation) and an untested gravity low on the east side and on strike with the
Maurice Bay deposit (MB East). 


The Northwest Athabasca Property continues to be a prolific area for uranium
mineralization, both unconformity-style as demonstrated by the Maurice Bay
deposit, and basement-style as determined by three out of four gravity targets
drilled that host uranium mineralization in the basement rocks. Five of the nine
holes drilled last winter on Otis West intersected shallow uranium
mineralization in highly altered basement rocks. This is typical of the class of
basement-hosted deposits, such as Fission Uranium's Patterson Lake South
discovery, Rio Tinto's Roughrider deposit and Cameco's Millennium deposit,
albeit each with their own characteristics. 


Forum is Operator of the Northwest Athabasca JV, which is the Company's second
drill campaign of the current season. Drilling is continuing at Forum's 100%
owned Clearwater project, located on trend and immediately adjacent to the
southwest of Fission Uranium's Patterson Lake South (PLS) discovery (See press
release dated February 26, 2014)


Maurice Bay Deposit(i)

The Maurice Bay deposit is a 1.5 million pound historical uranium resource
estimate based on 600 tonnes grading 0.6% U3O8, as reported by Saskatchewan
Industry and Resources, Miscellaneous Report 2003-7. The Maurice Bay historical
resource estimate was completed prior to the implementation of National
Instrument 43-101. Given the extensive exploration work completed by experienced
mineral resource companies, and the quality of the historical work completed,
the Company believes the historical estimate to be relevant and reliable.
However, a qualified person has not completed sufficient work to verify and
classify the historical estimate as a current mineral resource, and the Company
is not treating the historical estimate as a current mineral resource. Hence,
the estimate should not be relied upon. It should be noted that mineral
resources, which are not mineral reserves, do not have demonstrated economic
viability. The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in NI 43-101 and
reviewed by Ken Wheatley, P. Geo. (Saskatchewan and Nunavut), Vice President,
Exploration for Forum Uranium Corp., a qualified person under NI 43-101.


To view Figure 1 please click on the following link:
http://media3.marketwire.com/docs/Map_of_Maurice_Bay_Deposit_Area_Figure_1.pdf.


NW Athabasca Joint Venture

The NW Athabasca project is a joint venture held 64% jointly by Forum and NexGen
Energy Ltd. Forum is Operator of the joint venture with 23.5% partner Cameco
Corporation and 12.5% partner AREVA Resources Canada Inc. 


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

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
604-638-3943


Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947
[e-mail]
www.forumuranium.com


CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
[e-mail]