Mr. Richard Mazur reports

FORUM ANNOUNCES ALLISON RIPPIN ARMSTRONG APPOINTED VICE PRESIDENT, NUNAVUT AFFAIRS

Forum Energy Metals Corp. has appointed Allison Rippin Armstrong as vice-president, Nunavut affairs.

Rick Mazur, president and chief executive officer, stated: "Forum is building its team and commitment to comprehensive exploration practice on its uranium discovery in Nunavut. We have a deep appreciation for the Inuit Qaujimajatuqangit (traditional knowledge) in the implementation of our drilling program. Allison has an exemplary record in the field of environment, social and governance practice. Through Allison's leadership, Forum will build relationships in the local communities of the Kivalliq region of Nunavut, indigenous organizations, territorial and federal governments, and regulatory agencies."

Ms. Armstrong commented: "Forum is a great company, I am excited to work with them again. Nunavut holds a special place in my heart, I have had the privilege to work in both the Kitikmeot and Kivalliq regions. The cold winter temperatures are offset by the warmth of the people who live there."

Ms. Armstrong is a biologist and environmental scientist with over 25 years of experience in community relations, government relations, environmental stewardship and corporate governance in Nunavut, Northwest Territories, Yukon, British Columbia, Alaska and Botswana.

For the last five years, she assisted Lucara Diamond Corp. with all ESG (environmental, social and governance) matters, including helping to strengthen the environment and community relations departments, including sustainability, at the Karowe diamond mine in Botswana. Previously, Ms. Armstrong served as the vice-president of sustainability at Kaminak Gold Corp. until it was acquired by Goldcorp in 2016. As compliance specialist at the Ekati diamond mine, Ms. Armstrong was part of the team that lead the mine toward ISO 14001 certification.

Ms. Armstrong has contributed to the creation of a number of sustainability initiatives across the north including, the development of environmental training modules in partnership with Yukon First Nations and Yukon University, and the development of a Regional Wealth Creation Fund, as part of a negotiated Inuit Impact Benefit agreement with the Kitikmeot Inuit Association in Nunavut. She has been the recipient of a number of awards over her career, including the 2009 Kivalliq Inuit Association Expert Counsel Award and the 2011 Mike Hine Award for her work in Nunavut.

Ms. Armstrong served on the board of Yukon Women in Mining for eight years and has served on the NWT and Nunavut Chamber of Mines, as well as a number of working groups for the PDAC. She is a founding member of the Yukon University Foundation Board and is currently the chair of the board of Tectonic Metals Inc. and a director on the Alberta Energy Regulator Board. Ms. Armstrong was recently appointed to the Alberta Environmental Appeals Board and the Alberta Public Lands Appeal Board as a part-time board member.

In connection with her appointment, the company has granted to Ms. Armstrong incentive stock options to purchase up to an aggregate of 200,000 common shares exercisable on or before Jan. 22, 2029, at a price of 16 cents per share.

About Forum Energy Metals Corp.

Forum Energy Metals is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca basin, Saskatchewan, and the Thelon basin, Nunavut. In addition, Forum holds a diversified energy metal portfolio of copper, nickel and cobalt projects in Saskatchewan and Idaho.