VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 26, 2014) - Forum Uranium Corp. (TSX VENTURE:FDC) (the "Company") - Further to its news release of March 6, 2014, the Company is pleased to announce the closing of its brokered private placement for gross proceeds of $3,045,605 (the "Offering").

Under the Offering, the Company issued 4,501,800 flow-through units ("FT Units") at $0.55 per FT Unit and 1,140,000 non flow-through units ("Units") at $0.50 per Unit. Each FT Unit is comprised of one common share of the Company and one-half of one warrant (each whole warrant, a "FT Unit Warrant"), each whole FT Unit Warrant entitling the holder to acquire a further common share of the Company at a price of $0.70 for a period expiring March 26, 2015. Each Unit is comprised of one common share of the Company and one-half of one warrant (each whole warrant, a " Unit Warrant"), each Unit Warrant entitling the holder to acquire a further common share of the Company at a price of $0.65 for a period expiring March 26, 2015.

The Offering was led by Secutor Capital Management Corporation. In connection with the Offering, the Company paid a cash commission of $209,517.35 and issued 387,877 broker warrants, each such warrant entitling the holder to acquire a common share of the Company at a price of $0.50 for a period expiring March 26, 2015.

All securities of the Company issued in connection with the Offering are subject to a hold period expiring July 27, 2014.

Gross proceeds from the sale of the FT Units will be used for exploration of the Company's uranium projects in the Athabasca Basin and the net proceeds from the sale of the Units will be used for corporate development and general and administrative purposes.

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 ventures.

ON BEHALF OF THE BOARD OF DIRECTORS

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
604-630-1585

Forum Uranium Corp.
Matt Terriss
Director, Corporate Affairs
604-638-3947

CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079 x 228
robin@chfir.com