VANCOUVER, BRITISH COLUMBIA–(EMWNews – Aug. 6, 2008) – Forum Uranium Corp. (TSX VENTURE:FDC) (the “Company”) announces that, further to its news release of June 9, 2008, it has renegotiated its previously announced flow through private placement to provide for an issue price per flow through share of $0.30 through Raymond James Ltd. and Deacon & Company Capital Markets Inc. (collectively, the “Agents”). The offering will now consist of up to 10,000,000 flow-through common shares (“FT Shares”) of the Company for total gross proceeds of up to $3,000,000. The Agents will be granted an over-allotment option to place up to an additional 20% of the FT Shares at $0.30 and exercisable until the last closing of the financing.

The proceeds of the sale of the FT Shares will be used for exploration and development of the Company’s North Thelon and Athabasca Basin uranium properties.

The private placement is subject to acceptance by the TSX Venture Exchange.

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.