Forum Options Patterson Lake South Area Property to Uracan Resources

Forum Uranium Corp. (TSX VENTURE:FDC) ("Forum") is pleased to announce it has
signed a binding Letter of Intent ("the LOI") with Uracan Resources Ltd. (TSX
VENTURE:URC) ("Uracan"), whereby Uracan can earn up to a 70% interest in Forum's
Clearwater Project in northern Saskatchewan. Forum is the 100% owner of the
Clearwater Project.


The Clearwater Project covers a total of 9,912 hectares adjacent to the
south-western edge of the prolific Athabasca Basin. The property adjoins Fission
Uranium's Patterson Lake South claims on the south-west side.


The Clearwater Project is underlain by a mix of pelitic to psammitic
metasediments that overlie older Archean gneisses. Graphitic horizons are
typically present at the contact between the two and are a target for drilling,
especially in areas where there are cross-cutting structures. Several SSW
trending electromagnetic (EM) conductors cross from Fission's claim group onto
the Clearwater Project.


To date, Forum has carried out exploration work consisting of prospecting, soil
and lake radon surveys, lake sediment sampling, airborne EM, magnetic and
radiometric surveys, and ground gravity and EM surveys. An initial nine hole,
2,310 metre drill program was completed by Forum in April 2014. This drilling
has shown that a number of targets are altered and reactivated graphite bearing
structures with elevated boron and nickel geochemistry. Forum and Uracan believe
that the Clearwater Project has the potential to host high grade basement hosted
uranium mineralization similar to that seen at Fission Uranium's Patterson Lake
South property. Ample exploration potential remains to be tested throughout the
property, with numerous geophysical targets remaining to be drill tested.


In order for Uracan to earn a 51% interest in the property it must incur a total
of $3.0 million in exploration expenditures over 3 years as follows:




1.  Issue a total of 300,000 shares and 150,000 warrants of Uracan to Forum
    on signing a definitive agreement,
2.  Commit exploration expenditures of $0.5 million in year one (firm
    commitment),
3.  Complete exploration expenditures of $1.0 million in year two, at which
    point Uracan will have earned a 25% interest,
4.  Complete exploration expenditures of $1.5 million in year three to earn
    a 51% interest.



Uracan can elect to earn an additional 19% interest in the Clearwater Project
(total 70% interest) by making an additional $3 million in exploration
expenditures within a two year period following the date it earns its 51%
interest. Uracan will also grant Forum a 2% NSR Royalty on the property, with
Uracan having the option to purchase 1% of the NSR for $1.0 million.


Uracan will fund all exploration work until the earn-in option has been
completed, after which further work will be funded by the Joint Venture
partners. Forum will be the Project operator until Uracan earns its 51%
interest, after which Uracan may elect to become the operator. The LOI is
subject to TSX approval and a due diligence period to be waived by Uracan prior
to July 31, 2014.


Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration
is the Qualified Person that has reviewed and approved the contents of this news
release.


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.


About Uracan

Uracan Resources Ltd. (TSX VENTURE:URC)(PINKSHEETS:URCFF) is a Canadian-based
exploration company focused on exploring for uranium deposits in Saskatchewan
and Quebec, Canada. Since 2006, Uracan has discovered a N.I. 43-101 Indicated
Mineral Resource estimate of 7 million lbs U3O8 (21.5 million tonnes at a grade
of 140 ppm U3O8 using a 100 ppm cut-off grade) and a N.I. 43-101 Inferred
Mineral Resource estimate of 37 million lbs U3O8 (140.6 million tonnes at a
grade of 120 ppm U3O8 using a 100 ppm cut-off grade) on its 100%-owned
exploration properties in Quebec. Uracan continues to review additional
opportunities worldwide to capitalize on management's exploration and financing
capabilities.


In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan
acquired the option to earn from UEX a 60% participating interest in the Black
Lake Property along the northern margin of the Athabasca Basin. UEX currently
holds an 89.99% interest in the Black Lake Project with AREVA Resources Canada
Inc. ("AREVA") holding the remaining 10.01% interest.


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: 
Rick Mazur, President & CEO
Tel: [phone]


Matt Terriss, Director, Corporate Affairs
Tel: [phone]


Robin Cook, Senior Account Manager
CHF Investor Relations
Tel: [phone] x 228
Email: [e-mail]