Forum Uranium Corp.

Forum Uranium Corp.

November 26, 2007 09:00 ET

Forum Announces Closing of First Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2007) - Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce that it has closed the first tranche of its non-brokered private placement previously announced on November 1, 2007 and amended on November 7, 2007. The Company has raised $617,500.00 through the issuance of 1,372,223 units. Each unit is comprised of a common share at a price of $0.45 and a 2 year warrant at a price of $0.65.

Finder's fees were paid on this portion of the financing in the amount of $1,417.50 in cash. All securities issued pursuant to the private placement are subject to a four month hold period expiring March 24, 2008.

Proceeds from this financing will be used for exploration work on the Company's Athabasca Basin and Thelon Basin uranium projects.

About Forum Uranium

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of uranium projects. The Company has a 100% interest in over 190,000 hectares of uranium exploration properties, a 65% operating interest in the Costigan Lake Joint Venture with partner NVI Mining (Breakwater Resources) and a 50% operating interest in the Haultain River Joint Venture with partner Hathor Exploration in the prolific Athabasca Basin, Saskatchewan. Forum also has a 50% operating interest in the North Thelon Joint Venture ("NTJV") with partner Superior Diamonds in over 100,000 hectares of prospective ground nearby AREVA's 130 million pound U3O8 Kiggavik uranium deposit in the Thelon Basin, Nunavut Territory. The NTJV has recently optioned property in the Kiggavik area from Tanqueray Resources Ltd.


Richard J. 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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