Forum Uranium Corp.

Forum Uranium Corp.

February 02, 2011 08:00 ET

Ian Stalker Joins Forum Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2011) - Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce the appointment of John (Ian) Stalker to the Board of Directors.

Mr. Stalker is an international mining executive with over thirty years of experience in mine development and operations in Europe, Africa and Australia. Mr. Stalker was the Chief Executive Officer of UraMin Inc., a London- and Toronto-listed uranium company from July 2005 until its acquisition by Areva in August 2007 for US$2.5 billion. Mr. Stalker recently held the post of Chief Executive Officer of Berkeley Resources Ltd., an Australian and London- listed uranium company with its main development asset in Spain and remains on the Board as a non- executive director.

Ian has worked his way up from operational roles in the base and precious metals arenas to senior project development and director positions in some of the largest mining companies in the world. Prior to joining UraMin, Mr. Stalker was a Vice President of Gold Fields Ltd., the world's fourth largest gold producer.

Ian is currently CEO of Brazilian Gold Corporation, a Toronto- listed Company with gold exploration and development assets in Brazil and is also a non-executive director of Vatakoula Gold Mines plc, Polo Resources Limited and Elemental Minerals Ltd. Ian holds a B.Sc. in chemical engineering.

Richard Mazur, President & CEO stated, "Ian's recent successes in the uranium sector and his experience on the operational side of the mining business add a vital dimension to Forum's Board. We are building a team in anticipation of exploration success on our strategically located uranium projects in the Athabasca and Thelon Basins in Canada, with a view to also capitalize on new opportunities in the uranium and rare earth business." 

The Company also announces that, in accordance with the Company's stock option plan, it has granted to certain of its directors, officers, employees and consultants incentive stock options to purchase up to an aggregate of 1,025,000 common shares exercisable on or before February 2, 2016 at a price of $0.30 per share.

About Forum Uranium

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium and rare earth projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures. The Company is also evaluating North American rare earth prospects.


Richard J. Mazur, P.Geo., President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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