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File: FDC News Release Unit and FT Unit PP Second Tranche Close Jan 25 2016.docx

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NEWS RELEASE

FORUM CLOSES SECOND TRANCHE OF $850,000 PRIVATE PLACEMENT 
Vancouver, B.C., January 25, 2016.  Forum Uranium Corp. (FDC: TSX-V) is pleased to announce that it has closed the sec
--->ond tranche of its private placement previously announced on 
December 21, 29, 31, 2015 and January 13, 2016.  The Company had raised an additional $334,500 through the issuance of
---> 3,080,000 flow through units ("FT Unit") and 3,610,000 units ("NFT Unit"). Each ("FT Unit") and non-flow through unit
--->s ("NFT Unit") at a price of $0.05 per each FT Unit and NFT Unit. Each FT Unit will be comprised of one flow through c
--->ommon share and one-half of one share purchase warrant (a "FT Warrant"). Each whole FT Warrant is exercisable to purch
--->ase one common share of the Company at a price of $0.10 per share for a period of two years expiring January 22, 2018.
--->  Each NFT Unit will be comprised of one common share and one share purchase warrant (a "NFT Warrant"). Each NFT Warra
--->nt is exercisable to purchase one common share of the Company at a price of $0.10 per share for a period of two years 
--->expiring January 22, 2018.

The Company paid finder's fees of $5,600 and issue 112,000 finder warrants exercisable at a price of $0.05 for a perio
--->d of one year expiring January 22, 2017.  All securities are subject to a four month hold period expiring May 23, 2016
--->.

The Company has raised a total of $625,500 in FT Units and $180,500 in NFT Units for total proceeds of $806,000.  The 
--->proceeds from this financing will be used for drilling at its 100% owned Highrock and Highrock South projects nearby C
--->ameco's Key Lake Mine and Mill, gravity and radon surveys at its 100% owned Fir Island project as a follow-up from a s
--->uccessful 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