Forum Extends Uranium Mineralization for 200 Metres at Tatiggaq, Thelon Basin Project

26 September 2023

Vancouver, B.C., September 26, 2023 – Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) (“Forum” or the “Company”) announces assay results extending uranium mineralization for 200 metres to the southwest on the Tatiggaq zone at its Thelon Basin uranium project located 100 km west of the Hamlet of Baker Lake, Nunavut. Forum holds a 100% interest in 95,500 hectares of ground adjacent to Orano’s 133 million pound Kiggavik uranium project*. Forum has received assay results from a second drill hole on the Tatiggaq zone, located five kilometres west of Orano’s 93 million pound Andrew Lake and End uranium deposits (Figure1).

HIGHLIGHTS

• TAT23-003 intersects high-grade uranium mineralization in a 200 m step out from TAT23-001/002 (see news release dated September 12, 2023)

• TAT23-003 (West Zone) intersects 0.40% U3O8 over 12.8 m (136.0 – 148.8 m)
  • including 1.10% U3O8 over 0.8 m (136.0 - 136.8 m)
  • including 1.08% U3O8 over 1.3 m (143.8 – 145.1 m)

• Entire mineralized zone is 0.28% U3O8 over 24.6 m (129.5 – 154.1 m) in what is interpreted as multiple uranium lenses within a wide fault zone.

Dr. Rebecca Hunter, Forum’s VP, Exploration stated, “Forum’s latest Tatiggaq drill result 200 metres southwest of our first hole of the program shows the significant strike length and uranium mineralization potential of the Tatiggaq deposit. The main takeaway from this hole is the widths and grades intersected at the West zone demonstrate continuity along strike.  The mineralization is open along strike to both the southwest and northeast towards Tatiggaq Main.  Our drilling continues to demonstrate that the Tatiggaq area could host a major basement-hosted unconformity deposit.”

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