Forum Development Corp.

Forum Development Corp.

May 16, 2006 12:18 ET

Forum Engages Manager of Corporate Communications

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 16, 2006) - Forum Development Corp. (TSX VENTURE:FDC) is pleased to announce that it has retained the professional (consulting) services of Timea Carlsen as Manager of Corporate Communications. Ms. Carlsen will assist in facilitating increased awareness to current shareholders and potential investors through the dissemination of corporate information to a network of institutions, retail brokerage firms and private investors in Canada, the US and Europe.

Timea has been in the financial industry for approximately 12 years. Her previous experience includes working as a Registered Representative at Canaccord Capital in Vancouver as well as Yorkton Securities in Toronto. In 2002, Timea left the brokerage industry to work as a consultant to public companies in the resource sector, providing administrative, corporate communications and investor relations services.

Forum also announces that, pursuant to the Company's stock option plan, it will grant Timea Carlsen 100,000 share stock options exercisable at $0.45.

Forum is a Canadian-based energy company with a focus on the acquisition, exploration and development of uranium in order to leverage against the increasing demand for energy and the global market's decreasing conventional supply of energy. The Company has a 100% interest in over 160,000 hectares of uranium exploration properties located in the prolific Athabasca Basin, Saskatchewan.


Richard Mazur, P.Geo., President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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