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FORUM URANIUM NEWS RELEASE
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NEWS RELEASE
FORUM ENGAGES DEACON & COMPANY AS CORPORATE
ADVISORS
Vancouver, B.C. May 27, 2008. Forum Uranium Corp. (FDC:
TSX.V) ("Forum"), is pleased to announce that it
has engaged Deacon & Company ("Deacon") of Toronto, Ontario to
provide corporate advisory services. Deacon is a North-American-based
investment firm that provides capital market and corporate advisory services
to emerging growth companies. Deacon services small cap, private and public
companies in the resource, technology and alternative energy sectors and
creates value by delivering strategic and financial services while
participating in the enhanced growth of their clients. The Deacon name has
been highly regarded in the domestic and international financial community
since 1897 when Colonel F.H. Deacon first acquired a seat on the Toronto
Stock Exchange.
Jeffrey Deacon, Managing Partner at Deacon &
Company stated, "We identified Forum as one of the best technical
management teams in the Canadian uranium exploration space with a quality
land position in Nunavut and Saskatchewan. We feel that Forum has excellent
upside potential and look forward to working with the Forum Board and
Management to enhance its value for the shareholders."
Rick Mazur, President & CEO of Forum stated,
"We are pleased to have Deacon & Company assist Forum in achieving
its vision for growth in the uranium sector. Deacon has an impressive track
record of success by providing its clients with increased exposure to the
capital markets and by actively participating with management in the
strategic planning process."
Forum will issue 600,000 options at a price of $0.55
in four equal installments over a nine month period in connection with this
engagement.
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 in the Athabasca Basin, Saskatchewan
and the Thelon Basin, Nunavut. 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 nearby existing infrastructure by
exploring on its 100% owned properties and through strategic partnerships and
joint ventures.
ON BEHALF OF THE BOARD
Richard J. Mazur, P.Geo.
President & CEO
The TSX Venture Exchange
does not accept responsibility for the adequacy or accuracy of this release.
For further information
contact:
Timea Carlsen
Director of Corporate Relations
FORUM URANIUM CORP.
910-475 Howe Street
Vancouver, BC V6C 2B3
Tel: 604-638-3949
Fax: 604-689-3609
Email: info@forumuranium.com
Website: www.forumuranium.com
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