Mr. Richard Mazur reports

FORUM ANNOUNCES CORRECTION TO PRIOR NEWS RELEASES

Forum Energy Metals Corp. has corrected the following errors: (i) in its April 28, 2023, news release the company paid $28,700 in cash commission to finders and not $29,400; (ii) in the May 19, 2023, news release the company issued a total of 400,000 NFT units and FT units to insiders and not 380,000.

The company relied upon the exemptions contained in Section 5.5(b) and 5.7(b) of Multilateral Instrument 61-101 to avoid the formal valuation and shareholder approval requirements of MI 61-101. For the purposes of Section 5.5(b), the company does not have any securities listed on any of the stock exchanges set out in Section 5.5(b) and for the purposes of Section 5.7(b) the exemption was available as the consideration paid for the units subscribed for by insiders was less than $2.5-million.

About Forum Energy Metals Corp.

Forum Energy Metals is a diversified energy metal company with uranium, copper, nickel and cobalt projects in Saskatchewan, Canada's No. 1 rated mining province for exploration and development, a strategic uranium land position in Nunavut and a strategic cobalt land position in the Idaho cobalt belt.

We seek Safe Harbor.