Forum Uranium Corp.
TSX VENTURE : FDC

Forum Uranium Corp.

April 12, 2012 11:17 ET

Update on Forum Uranium Exploration Programs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2012) - Forum Uranium Corp. (TSX VENTURE:FDC) -

Highlights

  • Northwest Athabasca Project: drill program completed - new zone of uranium mineralization has been discovered, results pending
  • North Thelon: fuel and supplies are currently being mobilized in preparation for summer drill program
  • Key Lake Road Area: Gravity survey completed on Karpinka project; staking on the Key Lake Road project
  • Henday: Rio Tinto assessing project data
  • Kipawa West: Mineralogical Studies underway

Forum Uranium Corp. is pleased to announce that a successful drill program has been completed on the Northwest Athabasca project. A total of 3,093 metres of drilling in 22 holes tested several areas of interest. Uranium mineralization has been discovered in a previously untested large gravity low. Assay results are pending and due at the end of April. A more comprehensive news release will be made at that time. Forum and Mega Uranium have a 50/50 partnership to earn a 60% interest in the Northwest Athabasca project, a joint venture between Cameco Corporation and Areva Resources Canada.

North Thelon Project, Nunavut: fuel and drilling supplies are being moved across the tundra to the new campsite located at Judge Sissons Lake, approximately 70km west of Baker Lake. A 3,000 metre program is planned for the summer, with primary targets being the Judge area on the Agnico Eagle option, BL-32 on the NTI Option, and the Tarzan area on 100% Forum ground.

Key Lake Road area, Saskatchewan: a gravity survey has completed coverage on the Karpinka project, a 50/50 joint venture with Virginia Energy Resources, and claim staking/reduction has been completed on the Key Lake Road project.

Henday, Saskatchewan: the Henday project is currently under review by Rio Tinto, the new partner on the project after its acquisition of Hathor Exploration in 2011. Rio Tinto and Forum hold 60% and 40% interests respectively in the project and Rio Tinto is the project operator.

Kipawa, Quebec: various petrographic and mineralogical studies are underway to determine the nature of the rare earth mineralization discovered by Forum's prospecting program in 2011 nearby Matamec's Kipawa rare earth development project.

Ken Wheatley, P.Geo. (Saskatchewan, Alberta, Nunavut), Vice President, Exploration is the Qualified Person who has reviewed the contents of this news release.

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.

ON BEHALF OF THE BOARD

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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