Forum Changes Name to Reflect Uranium Focus

Forum Changes Name to Reflect Uranium Focus

Shareholders of Forum Development Corp. approved a name change to Forum Uranium Corp. (TSX VENTURE:FDC) at the Company’s AGM on June 7, 2006. Subsequently, the TSX Venture Exchange approved the change of name on June 26, 2006. The Company begins trading as Forum Uranium Corp. (Cusip # 349852103) today and will keep its symbol of FDC-TSX.V. Forum’s website can now be accessed at The name change is in line with Forum’s corporate strategy to focus on its uranium projects.

“Forum Uranium clearly defines the image that we want to portray to the investment community for what we truly are – a company with a vision for growth as a uranium explorer and developer built on the foundation of a strong uranium management team. We have already proven our ability to identify highly prospective uranium exploration assets and we will continue to add shareholder value by exploring our Athabasca Basin properties and augmenting our existing portfolio,” stated Richard Mazur, President & CEO of Forum Uranium Corp.

The Merritt Coal-bed methane project will be transferred to a wholly owned subsidiary of Forum Uranium Corp. – Forum Development Corp., which will focus on oil and gas investments. Forum Development Corp. continues to seek a farm-in partner for the Merritt coal-bed methane project.

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of uranium projects. The Company has a 100% interest in over 165,000 hectares of uranium exploration properties and a 65% interest in the Costigan Lake Joint Venture located in the prolific Athabasca Basin, Saskatchewan.


Richard J. Mazur, P.Geo., President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


Timea Carlsen Forum Uranium Corp. Manager of Corporate Communications (604) 638-3949 (604) 689-3609 (FAX)

Richard Cohen Clark Avenue Company Inc. President (905) 882-4422 (905) 882-4435 (FAX)

Source: Forum Uranium Corp.

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