Forum Development Corp.

Forum Development Corp.

June 06, 2005 09:00 ET

Forum Expands Key Lake Road Uranium Property, Athabasca Basin, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2005) - Forum Development Corp. (TSX VENTURE:FDC) is pleased to announce that it has acquired an additional 14,898 hectares (ha) of prospective uranium exploration land in the Athabasca Basin in northern Saskatchewan. These 100% owned claims are contiguous with Forum's Key Lake Road permit area, 20 kilometres (km) southwest of Cameco's Key Lake uranium mine/mill complex. Forum identified a strong trend of uranium showings south of the Company's permit area during Forum's ongoing evaluation of past geological, geophysical and geochemical data in the area. Grab samples in outcrop grading from 0.032% to 7.65% U3O8 occur within the Company's newly staked claims. The showings are hosted in sheared and fractured calc-silicate and pelitic metasedimentary rocks along the favourable Wollaston-Mudjatic Tectonic Zone for up to twelve km south of Forum's original permit.

The 100% owned Key Lake Road permit area and newly staked claims, comprising 98,188 ha in total, were prospected to shallow depths by a number of companies in the late 1970's. To the knowledge of the Company, this is the first time that all the past exploration data in the Key Lake Road Project area has been compiled into one dataset. Forum plans to conduct a prospecting, mapping and sampling program in conjunction with structural studies and an airborne geophysical survey over the summer months. The exploration strategy for the Key Lake Road Project is to target structurally controlled deposits hosted in basement rocks of the Wollaston - Mudjatic Tectonic Zone similar to Cameco's McArthur River, Millenium and Eagle Point deposits.

Rick Mazur, P. Geo. and President & CEO of the Company, is the qualified person supervising the evaluation of Forum's uranium prospects.

Forum Development Corp. is a diversified energy company with a focus on the acquisition, exploration and development of uranium, natural gas from coal, and coal projects. In addition to the Company's uranium program, Forum is evaluating a natural gas in coal project in the Merritt Coalfield in southern British Columbia and coal development opportunities in British Columbia and Alberta.


Rick Mazur, President & CEO

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

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