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File: FDC News Release Unit and FT Unit PP Increase to $750,000 Dec 31 2015.docx

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NEWS RELEASE

FORUM INCREASES PRIVATE PLACEMENT TO $750,000 

Vancouver, B.C., December 31, 2015.  Forum Uranium Corp. (FDC: TSX-V) is pleased to announce that, due to strong respo
--->nse from investors, the Company has increased its non-brokered private placement financing to $750,000 from the initia
--->lly targeted $500,000 as set out in the Company`s news release dated December 21, 2015.  The amended financing will be
---> completed through the issuance of a combination of flow through units ("FT Unit") and non-flow through units ("NFT Un
--->it") at a price of $0.05 per each FT Unit and NFT Unit. Each FT Unit will be comprised of one flow through common shar
--->e and one-half of one share purchase warrant (a "FT Warrant"). Each whole FT Warrant is exercisable to purchase one co
--->mmon share of the Company at a price of $0.10 per share for a period of two years from the date of closing of the fina
--->ncing.  Each NFT Unit will be comprised of one common share and one share purchase warrant (a "NFT Warrant"). Each NFT
---> Warrant is exercisable to purchase one common share of the Company at a price of $0.10 per share for a period of two 
--->years from the date of closing of the financing. 

The private placement is subject to TSX Venture Exchange approval and all securities are subject to a four month hold 
--->period.  Finder's fees will be payable in connection with the private placement, all in accordance with the policies o
--->f the TSX Venture Exchange. 

The proceeds from this financing will be used for drilling at its 100% owned Highrock and Highrock South projects near
--->by Cameco's Key Lake Mine and Mill, gravity and radon surveys at its 100% owned Fir Island project as a follow-up from
---> a successful drill campaign earlier in the year and for working capital.

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. Forum has assembled a highly experienced team of exploration professionals with a track re
--->cord of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover nea
--->r surface uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and through 
--->strategic partnerships and joint ventures with Cameco, AREVA, Rio Tinto Canada Uranium, NexGen and Uracan.  



ON BEHALF OF THE BOARD OF DIRECTORS

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.

 
 
 
 For further information contact:

Rick Mazur, President & CEO
Tel: 604-630-1585

Matt Terriss, Director, Corporate Affairs 
Tel: 604-689-2599