Forum Uranium Corp
			Symbol			FDC
			Shares Issued			88,899,005
			Close 2009-11-16			C$ 0.105
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Forum Uranium samples high-grade REE at Nutaaq

2009-11-17 10:15 ET - News Release

Mr. Richard Mazur reports

2009 SAMPLING CONFIRMS RARE EARTH POTENTIAL AT NUTAAQ DISCOVERY NEAR KIGGAVIK URANIUM DEPOSIT, NUNAVUT

Forum Uranium Corp. has released promising new geochemical and petrographic results from surface samples collected during the 2009 mapping and sampling program on the recently discovered Nutaaq rare earth element (REE) occurrence. The Nutaaq occurrence is likely a multiphase alkalic intrusive system, with fractions more enriched in heavy rare earth oxides (HREO) and others more enriched in light rare earth oxides (LREO). The recent sampling confirms the numerous high-grade REE values already returned from previous year's sampling (see news in Stockwatch Oct. 1, 2009). Furthermore, preliminary petrographic analysis shows strong alteration patterns and REE ore mineralogy favourable for extraction and processing.

    RARE EARTH AND RARE METAL OXIDE VALUES (WEIGHT PER CENT)
     FROM SELECTED 2009 NUTAAQ PROJECT PROSPECTING SAMPLES
(all values are derived from ICP-OES total digestion analysis)

Sample ID  41-09-GS-01   41-09-GS-02  41-09-GS-26  41-09-GS-50
 
Light rare 
earth oxides
La2O3            0.584       0.818     0.794       0.232
Ce2O3             1.02        1.27     0.728       0.354
Pr2O3            0.093       0.116     0.123       0.052
Nd2O3            0.284       0.363     0.434       0.174
Pm2O3                +           +         +           +
Sm2O3            0.037       0.039      0.05       0.026
Heavy rare 
earth oxides
Eu2O3            0.009       0.009     0.011       0.007
Gd2O3            0.026       0.024     0.028        0.02
Tb2O3            0.004       0.003     0.003       0.003
Dy2O3            0.018       0.011      0.01       0.013
Ho2O3            0.002       0.002     0.002       0.002
Er2O3             0.01       0.008     0.007       0.007
Tm2O3            0.002       0.002     0.002       0.002
Yb2O3            0.005       0.003     0.003       0.004
Lu2O3            0.002       0.002     0.002       0.002
Y2O3             0.077       0.048      0.04       0.087
TREO             2.173       2.718     2.237       0.985

+ Not analyzed
Promethium (Pm) is not a naturally occurring element.
0.002 values below detection limits of the Saskatchewan 
Research Council's Rare Earth Element Analysis -- 
Package REE1"

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