VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 26, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce results from a lake sediment survey recently completed in the southern part of its 100% owned Clearwater project, on trend and immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium Patterson Lake South (PLS) discovery. Eleven samples were taken, with strong values ranging from 12 to 18ppm uranium found in a small lake bordering a magnetic high interpreted to be part of the Clearwater intrusive complex. These results are significant as they are nine times higher than background values of 1 to 2ppm uranium in the area along the interpreted fertile Patterson Lake South Conductor (Figure 1).

The contact between this complex and the metasediments to the east may provide a competency contrast for fault development and a structural path for migrating uranium-bearing fluids. The anomalous values are located down-ice from the structural contact. The historic value for this lake was 8ppm uranium. A second lake, located in the center of the metasediments that host the graphitic EM conductors, returned 5ppm uranium which is comparable to historic values of up to 4ppm uranium at PLS.

To date, most of the exploration work has been concentrated on the northern part of the property due to its proximity to the Fission/Alpha uranium discovery at Patterson Lake South (Figure 1). The lake sediment uranium values returned from this limited survey in the southern part of the property further enhances the exploration potential throughout Forum's Clearwater claims.

Further lake sediment sampling is planned as part of the forthcoming 2014 winter program, which will also include additional radon surveys and targeted diamond drilling. Details of the winter 2014 program will be announced upon completion of the gravity survey which is currently underway.

Figure 1: Lake Sediment Results from Forum's Clearwater Project: http://media3.marketwire.com/docs/forum_map1.jpg

Ken Wheatley, P.Geo. (Saskatchewan/Nunavut), Forum's Vice President, Exploration is the Qualified Person that has reviewed and approved the contents of this news release.

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