Forum Uranium Corp.
TSX VENTURE : FDC

Forum Uranium Corp.

August 15, 2007 09:00 ET

Forum Appoints Steeves to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2007) - Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce the appointment of a new Board of Directors at the Company's AGM on August 14, 2007. Anthony Balme, Richard Mazur, P. Geo., David Cowan, L.L.B., and Michael Steeves, CFA, make up the new Board of Directors of Forum.

Forum would like to welcome Michael A. Steeves as a Director of Forum Uranium Corp. He has been involved in the mining industry for over 40 years. He is currently the President and Chief Operating Officer of Zazu Metals Corporation, which is developing a large zinc-lead-silver deposit near the Red Dog mine in Northern Alaska. Prior to joining Zazu Metals, Mike was Vice President of Investor Relations for Glamis Gold, and also served as Director of Investor Relations for Coeur D'Alene Mines, Homestake Mining and Pegasus Gold. Mr. Steeves also worked as a mining analyst for many years with a number of Canadian Investment firms and as a geologist for senior mining companies in Canada and the United States. He has a Bachelor of Science Degree in Geology and a Master of Science Degree in Earth Sciences from the University of Manitoba in Winnipeg and is also a Chartered Financial Analyst.

"Forum is looking forward to having an executive of Mike's caliber on board and with Mike's strong institutional and retail following, we know he will be a great asset to the team," stated Rick Mazur, President and CEO of Forum Uranium Corp.

Forum would like to thank the previous board of directors for their contributions in the last year.

The company also announces that, in accordance with the Company's stock option plan, it has granted to certain of its directors, officers and consultants incentive stock options to purchase up to an aggregate of 485,000 common shares exercisable on or before August 14, 2012 at a price of $0.55 per share.

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 160,000 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. Forum Uranium's geologists have a track record of proven uranium mine finding experience.

ON BEHALF OF THE BOARD

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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