Forum Energy Metals Intersects Uranium Mineralization at the Wollaston Project, Athabasca Basin, Saskatchewan

HIGHLIGHTS Anomalous radioactivity in four holes with up to 0.21% uranium and associated nickel in an area of intense alteration, bleaching and secondary hematite at the Gizmo target.

Boron (an indicator of proximal uranium bearing fluids) returned up to 2,200ppm

Nickel, copper and cobalt locally elevated (up to 365ppm, 114ppm and 318ppm respectively) within the alteration zone at Gizmo.

Ken Wheatley, Vice President, Exploration, commented, "We are quite pleased to see the combination of the extreme alteration and elevated geochemistry at the Gizmo gravity target. Drill hole WO-02 has the strongest uranium mineralization and the depth of the alteration is increasing to the south. The EM conductor also lies to the west and north of this fence, so further drilling will investigate these areas. This is a great start for our first drill program on this project that has rapidly become one of our premium projects." […]

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