Forum Uranium Announces Board and Management; Grants Options

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/05/10 -- Forum Uranium Corp. (TSX VENTURE: FDC) is pleased to announce that the following Directors have been re-elected at its Annual General Meeting held November 4, 2010 - Anthony Balme, David Cowan, LLB, Richard Mazur, P.Geo., Larry Okada, CA and Michael Steeves, CFA. The Board has appointed its Officers to hold office for the ensuing year:

--  Anthony Balme, Chairman
--  Richard Mazur, President & CEO
--  Robert Anderson, CA, Chief Financial Officer
--  Kenneth Wheatley, P.Geo., Vice President, Exploration
--  Dr. Boen Tan, P.Geo., Chief Geologist
--  Jackie Collins, Corporate Secretary

Anthony Balme and Richard Mazur spearheaded the Company's entry into the uranium sector in 2004 and the Company has advanced its projects to the drilling stage. Mr. Mazur has a background as a uranium exploration geologist and acquired the Company's uranium interests in the world class producing district of the Athabasca Basin, Saskatchewan and in the Thelon Basin, Nunavut adjacent to Areva's 134 million pound Kiggavik uranium mine development.

Ken Wheatley joined Forum in 2007 from Areva Resources Canada where he served as Eastern Athabasca Exploration Manager and Manager of Exploration for the Kiggavik project. Ken has been involved in eight uranium discoveries in the Athabasca Basin during his 30 year career as a uranium exploration geologist, of which four deposits have gone into commercial production.

Dr. Boen Tan has been Forum's Chief Geologist since 2005. Dr. Tan is credited with the discovery of the Key Lake deposit in Saskatchewan in 1976 which produced 195 million pounds of uranium. Dr. Tan has spent his whole career in the uranium exploration industry and has developed a broad knowledge of unconformity-style uranium deposits through his evaluation of numerous uranium orebodies in the Athabasca Basin.

The Company anticipates an active exploration season in 2011 with strong demand for uranium due to new and current nuclear power requirements. Uranium prices have increased over 20% in the past six months and the uranium outlook continues to be robust. In addition, Forum is advancing its rare earth property in Nunavut to the drill stage and evaluating other rare earth prospects.

The Company is also pleased to announce 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 885,000 common shares exercisable on or before November 4, 2015 at a price of $0.15 per share.

ON BEHALF OF THE BOARD

Rick 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.

Contacts:

Forum Uranium Corp.

Rick Mazur

President & CEO

604-630-1585

604-689-3609 (FAX)
info@forumuranium.com
www.forumuranium.com