Forum Uranium Corp.: Drilling Confirms High Grade Intersections in the Maurice Bay Deposit and Extends Otis West Zone

Forum Uranium Corp.: Drilling Confirms High Grade Intersections in the Maurice 
Bay Deposit and Extends Otis West Zone 
FOR: Forum Uranium Corp. 
MAY 1, 2014 
Forum Uranium Corp.: Drilling Confirms High Grade Intersections in the Maurice
Bay Deposit and Extends Otis West Zone 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2014) - Forum Uranium Corp.
(TSX VENTURE:FDC) announces it has completed its 2014 winter drill program at
the Northwest Athabasca JV project (NWA JV). A total of 2,911 metres (m) in 13
holes on 5 separate targets were completed. Drilling has confirmed historic
high grade mineralization drilled by previous operators at the Maurice Bay
deposit(i) by intersecting "off-scale" radioactivity.  
Three of the five exploration targets: Otis West, Zone A and Maurice Bay East
returned positive results. Drilling at Otis West has extended the mineralized
strike length to 70m from 50m and remains open to the east. These latest
results from the NWA JV project will be reviewed with Forum's joint
venture partners with the intent of planning a follow-up drill program.  
Maurice Bay Deposit & Basement Targets 
Two holes (see Figure 1) were drilled to test for possible deep mineralization
within the basement rock beneath the historic mineralization at the Maurice Bay
deposit, with one of the holes transecting the historic mineralization. Hole
NWA-72 returned 1.4m of "off-scale" radioactivity in a mineralized
zone totaling 5m within Athabasca sandstone in the Main Zone of the Maurice Bay
Deposit. Radioactivity also extended 4.5m down into the basement for a total
zone of 9.5m of mineralization, but no additional mineralization was identified
at depth. 
Otis West  
Three drill holes completed at Otis West have extended the mineralized strike
length to 70m from 50m. Mineralization, which is hosted in the basement rocks,
remains open to the east.  
--  Hole NWA-73 returned approximately 30m of anomalous values from 143 to 
175m with a peak of 1,400cps in a section of heavy core loss. The down-    hole probe further identified radioactivity measurements of up to 
11,500cps in a radioactive zone over 1.5m, which suggests that final 
assays may not be representative due to the extensive core loss. 
Targeted drilling near Hole NWA-73 will be required to thoroughly test 
this area for mineralization. 
--  Hole NWA-74 returned approximately 70m of anomalous values from 150 to 
220m with a peak of 4,500cps, also in an area of heavy core loss.  
--  Hole NWA-75 tested the interpreted down-dip extension of NWA-74 and also 
intersected the fault zone but with only weakly elevated radiometrics 
over a 70m interval from 150m to 220m.  
Further drilling will be required to test the Otis West target, which extends
for 400m as a strong gravity low, along the Otis fault which runs parallel to
the Maurice Bay fault. 
Zone A 
Three holes were drilled in the Zone A area, testing the interpreted south and
north strike extensions of uranium mineralization grading 1.34% U3O8 over 3m at
a depth of 90m encountered in 2013. Hole NWA-77, located 15m to the north
intersected elevated radiometrics in three separate sections in the overlying
sandstone including immediately above the unconformity at 70.6m depth. A
brecciated quartz-rich zone in basement rocks returned up to 1,600cps at 78.6m
and 600cps at 82.5m. Zone A remains of interest, as nearby historic drilling in
the basement returned grades of up to 6m of 5.65% U3O8 at a greater depth
beginning at 115m.  
Maurice Bay East 
One hole, NWA-79, was drilled in the Maurice Bay East gravity target. It
returned large sections of chloritized and quartz dissolved sandstones from 52m
down to the unconformity at 138m with weakly elevated radiometrics at 104 to
117m with a peak of 250cps at 113.5m and in the basement lithologies at 159.5
to 162m (200cps). Further evaluation of this area is warranted to identify
follow-up drill targets. 
Otis East 
Three holes were drilled on the Otis East gravity target. These holes returned
strongly altered sandstones and basement lithologies and brecciation, but no
significant uranium mineralization was intersected. 
Quality Assurance/Quality Control 
The reader is cautioned that natural gamma radiation in drill core as reported
in this news release and measured in counts per second (cps) using a total
count gamma-ray scintillometer are not directly or uniformly related to uranium
grades of the rock sample measured, and should be used only as a preliminary
indication of the presence of radioactive materials. Core samples have been
sent to the Saskatchewan Research Council for assaying and results are expected
in June. The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in NI 43-101 and
reviewed by Ken Wheatley, P. Geo. (Saskatchewan and Nunavut), Vice President,
Exploration for Forum Uranium Corp., a Qualified Person under NI 43-101 
Maurice Bay Deposit(i) 
A 1.5 million pound historical uranium resource (600 tonnes grading 0.6% U3O8)
for the Maurice Bay deposit, is reported by Saskatchewan Industry and
Resources, Miscellaneous Report 2003-7. The Maurice Bay historical resource
estimate was completed prior to the implementation of National Instrument
43-101. Given the extensive exploration work completed by experienced mineral
resource companies, and the quality of the historical work completed, the
Company believes the historical estimate to be relevant and reliable. However,
a qualified person has not completed sufficient work to verify and classify the
historical estimate as a current mineral resource, and the Company is not
treating the historical estimate as a current mineral resource. Hence, the
estimate should not be relied upon. It should be noted that mineral resources,
which are not mineral reserves, do not have demonstrated economic viability.  
Northwest Athabasca Joint Venture Project 
The NWA JV project is a joint venture held 64% jointly by Forum and NexGen
Energy Ltd. Forum is Operator of the joint venture with 23.5% partner Cameco
Corporation and 12.5% partner AREVA Resources Canada Inc. Forum and AREVA only
participated in this winter drill program and the joint venture is subject to
dilution provisions.  
To view Figure 1 please click on the following link:  
About Forum Uranium 
Forum Uranium Corp. is a Canadian-based energy company with a focus on the
acquisition, exploration and development of Canadian uranium 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
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. 
Forum Uranium Corp.
Rick Mazur
President & CEO
Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
-0- May/01/2014 10:30 GMT
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