Forum Uranium Corp.

Forum Uranium Corp.

September 06, 2007 09:00 ET

Forum and Global Commence Airborne Geophysics on New Claims Acquired on Orchid Lake Uranium Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2007) - Forum Uranium Corp. (TSX VENTURE:FDC) and Global Uranium Corp. (TSX VENTURE:GU) are pleased to announce the acquisition of a further 1,944 hectares of ground to the west of the Orchid Lake property. The recent staking venture was initiated to cover the westward extension of an electromagnetic conductor that intersected uranium mineralization grading up to 0.19% U3O8 in basement structures from drilling this past winter. The Orchid Lake property is located 20 kilometres west of the Cameco/AREVA Key Lake Mine/Mill Complex in the Athabasca Basin of northern Saskatchewan. The Orchid Lake property is interpreted to host the western extension of the ENE structure that controls the Key Lake uranium deposits which had an average grade of 2.45% U3O8. The Key Lake mine was discovered by Uranerz Exploration and Mining Ltd. ("UEM") in 1976 and produced over 195 million pounds of uranium from 1983 to 1997.

Aeroquest Limited has been contracted to fly 164 line kilometres of the property with the helicopter-borne AeroTEM magnetic/electromagnetic survey at 200 metre line spacings. Results from this survey will be integrated with a prior airborne survey conducted on the 5,285 hectare Orchid Lake property. A 1,500 metre drill program is planned for later this fall. Global can earn a 60% interest in the Orchid Lake property by making cash payments of $190,000, issuing 700,000 common shares of Global to Forum and incurring $2.25 million in exploration expenditures over a three year period. Forum is Operator of the Orchid Lake Project.

Ken Wheatley, P.Geo. (Saskatchewan), Forum's Vice President of Exploration and Dr. Boen Tan, P. Geo. (Saskatchewan), Forum's Chief Geologist have reviewed the information in this release and are the Qualified Persons supervising the exploration program on the Orchid Lake Project on behalf of Global. Phil Robertshaw, P.Geo. (Saskatchewan), Forum's Geophysical Consultant, is supervising the Orchid Lake geophysical program.

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 is the Operator of all its exploration projects and has a team of Uranium geologists with a track record of proven uranium mine finding experience.


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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