Forum Increases Financing to $2.5 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 27, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC) ("Forum" or the "Company") is pleased to announce that, due to strong response from investors, the Company has further increased its non-brokered private placement financing to $2,500,000 from the previously increased amount of $2,250,000 as set out in the Company's second news release of August 21, 2013. The amended financing will be completed through the issuance of up to 6,756,757 units at a price of $0.37 per unit on the same terms as set out in the Company's initial news release of August 21, 2013.

Completion of the proposed private placement remains subject to the acceptance of 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 and rare earth 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. The Company is also evaluating North American rare earth prospects in Quebec and Nunavut.

ON BEHALF OF THE BOARD

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.