Forum Development Corp.
TSX VENTURE : FDC

Forum Development Corp.

October 17, 2005 16:57 ET

Forum to Conduct VTEM Survey Over Key Lake Road Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 17, 2005) - Forum Development Corp. (TSX VENTURE:FDC) is pleased to announce that it has engaged Geotech Ltd. of Aurora, Ontario to conduct an aerial VTEM time-domain geophysical survey on its Key Lake Road Project located along the eastern Athabasca Basin in northern Saskatchewan. The survey will cover approximately 1,800 line kilometers (km) and will be completed in November.

The helicopter-borne magnetic and electromagnetic survey data will assist in the identification of conductive horizons suggestive of graphitic zones and other favourable basement rocks, within which uranium mineralization frequently occurs. The survey will aid in the interpretation of the geology and structure of the recently defined Key Lake Road Shear Zone which extends for approximately 40 km through Forum's Key Lake Road property. The survey, along with recent rock and soil sampling (results pending) will also form the basis for planned follow-up programs on the property. Numerous zones of uraniferous mineralization have been identified through the Company's ground exploration program this past summer.

Rick Mazur, P. Geo. and President & CEO of the Company and Dr. Boen Tan, P. Geo. (Saskatchewan), Forum's Chief Geological Consultant, are the Qualified Persons supervising the evaluation of Forum's uranium exploration projects.

Forum's Key Lake Road Project encompasses 107,988 hectares and is located approximately 20 km south of the Key Lake Mine/Mill complex, the current processing facility for ore from Cameco's McArthur River Mine. The Key Lake Mine historically produced over 195 million lbs. of U3O8 at an approximate grade of 2.45%.

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 150,000 hectares of uranium exploration properties located in the prolific Athabasca Basin, Saskatchewan. Forum is also evaluating a Coalbed Methane (CBM) project in the Merritt Coalfield in southern British Columbia. For further information about Forum, visit our website at www.forumdevelopmentcorp.com.

ON BEHALF OF THE BOARD

Rick Mazur, President & CEO

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

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