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File: FDC NRFT Unit PP Close Jan 4 2018.docx

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NEWS RELEASE

FORUM CLOSES NON-BROKERED PRIVATE PLACEMENT 

Vancouver, B.C., January 4, 2018.  Forum Uranium Corp. (FDC: TSX-V) announces that it has closed its non-brokered priv
--->ate placement previously announced on December 12, 2017.  The Company has raised $316,000 through the issuance of 3,95
--->0,000 units ("Unit") at a price of $0.08 per Unit. Each Unit is comprised of one flow-through common share and one-hal
--->f of one share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to purchase one non-flow through comm
--->on share of the Company at a price of $0.12 per share for a period of 30 months expiring June 22, 2020.

The Company paid $14,000 cash commissions and issued 175,000 finder warrants at a price of $0.08 per finder warrant ex
--->ercisable until December 22, 2018.  All securities issued are subject to a four month hold period expiring April 23, 2
--->018.

The proceeds from this financing will be used for exploration of the Company`s 100% owned Maurice Point Project adjace
--->nt to the Maurice Bay uranium deposit.

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 r
--->ecord of mine discoveries for unconformity-style uranium deposits in Canada.  The Company has a strategy to discover n
--->ear surface uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and throug
--->h strategic partnerships and joint ventures with Cameco, AREVA, Rio Tinto Exploration, 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

Craig Christy, VP Corporate Development
Tel: 250-863-0561