Forum Energy Plc Adopts Shareholder Rights Plan by 24hgold




	NEWS Forum Adopts Shareholder Rights Plan Vancouver, BC. August 3, 2007. Forum Uranium Corp. (FDC: TSX-V) announced today that its Board of Directors has approved the adoption of a Shareholder Rights Plan Agreement (the "Rights Plan"). The Rights Plan is being adopted to ensure the fair treatment of all Forum shareholders in connection with any take-over bid for the outstanding common shares of Forum. The Rights Plan will provide shareholders with adequate time to properly evaluate and assess a take-over bid without facing undue pressure or coercion. The Rights Plan also provides the Board with additional time to consider any take-over bid and, if applicable, to explore alternative transactions in order to maximize shareholder value. The Rights Plan is not designed to prevent take-over bids that treat Forum shareholders fairly. Pursuant to the terms of the Rights Plan, any bid that meets certain criteria intended to protect the interests of all shareholders are deemed to be "Permitted Bids". A Permitted Bid must be made by way of a take-over bid circular prepared in compliance with applicable securities laws and, in addition to certain other conditions, must remain open for 60 days. In the event a take-over bid does not meet the Permitted Bid requirements of the Rights Plan, the rights issued under the plan will entitle shareholders, other than any shareholder or shareholders involved in the take-over bid, to purchase additional common shares of Forum at a significant discount to the market price of the common shares at that time. The Rights Plan is not being adopted in response to any proposal to acquire control of Forum. The Rights Plan is subject to approval by the TSX Venture Exchange and will be presented for ratification by the shareholders at the Forum annual general meeting to be held on August 14, 2007. If ratified by shareholders, the Rights Plan will have a term of three years. About Forum Uranium Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of uranium projects. The Company has a 100% interest in over 160,000 hectares of uranium exploration properties, a 65% operating interest in the Costigan Lake Joint Venture with partner NVI Mining (Breakwater Resources) and a 50% operating interest in the Haultain River Joint Venture with partner Hathor Exploration in the prolific Athabasca Basin, Saskatchewan. Forum also has a 50% operating interest in the North Thelon Joint Venture ("NTJV") with partner Superior Diamonds in over 100,000 hectares of prospective ground nearby AREVA's 130 million pound U3O8 Kiggavik uranium deposit in the Thelon Basin, Nunavut Territory. The NTJV has recently optioned property in the Kiggavik area from Tanqueray Resources Ltd. ON BEHALF OF THE BOARD Richard J. Mazur, P.Geo. President & CEO The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For further information contact: Timea Carlsen Manager of Corporate Communications FORUM URANIUM CORP. 910-475 Howe Street Vancouver, BC V6C 2B3 Tel: 604-638-3949 Fax: 604-689-3609 Email: info@forumuranium.com Website: www.forumuranium.com

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