Forum and Mega Option Maurice Bay Uranium Deposit  

VANCOUVER, BC - Forum Uranium Corp. reported that the it has entered into an option agreement with Cameco Corporation whereby Forum and Mega Uranium Ltd. may jointly earn a 60% interest in the 98 square kilometer North West Athabasca project, including the historical 1.5 million pound Maurice Bay uranium deposit in the Western Athabasca Basin.

Forum/Mega plan to test and expand the potential of the known mineralization and to locate new deposits using the latest in exploration techniques on a project that has seen most of its work in the late 70's and early 80's. Initially, five areas have been selected to be covered by a ground gravity survey starting in mid-March. Gravity surveys of this type are designed to identify zones of lower density hydrothermal alteration, which are typically in spatial association with uranium deposits in the Athabasca Basin. Drilling is scheduled for later this year on Zone 2A, plus other targets, including those generated from the gravity survey. "Maurice Bay is a known deposit of uranium with untested high grade drill intercepts. The property has tremendous exploration potential and enhances our efforts in the Western Athabasca Basin, where Forum has been exploring since 2005," said President & CEO of Forum, Richard Mazur. The company's address is #910 - 475 Howe Street, Vancouver, BC V6C 2B3, 604-630-1585, fax: 604-689-3609, email: [email protected].