Forum Development Corp.
TSX VENTURE : FDC

Forum Development Corp.

May 24, 2006 12:09 ET

Forum Retains Clark Avenue Company Inc. as Investor Relations Counsel

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 24, 2006) - Richard Mazur, President and CEO of Forum Development Corp. (TSX VENTURE:FDC) is pleased to announce that it has appointed Clark Avenue Company Inc. ("Clark Avenue") as its investor relations counsel.

Clark Avenue was founded in 1989 and specializes in corporate communications, investor relations and developing investment community sponsorship for growth oriented public companies. Clark Avenue will concentrate on introducing Forum to its network of brokers, analysts and money managers, institutional investors and investment bankers.

Clark Avenue has been engaged for a six month contract at a rate of Cdn$5,000 per month. At a later date, the company intends, subject to regulatory acceptance, to grant Clark Avenue and Timea Carlsen (Manager, Corporate Communications for Forum Development Corp.) an option entitling them to purchase common shares of the Corporation.

Clark Avenue Company Inc. does not have any direct or indirect interest in Forum.

Forum Development Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of energy projects. The Company has a 100% interest in over 165,000 hectares of uranium exploration properties located in the prolific Athabasca Basin, Saskatchewan. Forum is also evaluating a coal-bed methane (CBM) project in the Merritt Coalfield in southern British Columbia. For further information about Forum, please visit our website at www.forumdevelopmentcorp.com.

ON BEHALF OF THE BOARD

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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