Forum Energy Metals Corp. announces historical assay results 25 metres to the east-northeast of the 2023 summer drilling on its Thelon Basin uranium project located 100 km west 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.

Interpretation of historic uranium assay results from drilling in 2010 and 2011 on trend from Forum's drilling on the Tatiggaq deposit this summer confirms the potential to extend mineralization for up to 1.25 kilometres. The Tatiggaq deposit is located five kilometres west of Orano's 93 million pound Andrew Lake and End uranium deposits. The historic uranium intersections provide further evidence of the high-grade uranium mineralization potential of the Tatiggaq deposit.

These holes show that the Tatiggaq fault is fertile for additional mineralization along this favourable trend. The 2023 drill program and re-evaluation of the historical holes confirms steep-dipping, high-grade sub-parallel uranium lenses present over 250 m along trend. Mineralization within the Tatiggaq deposit consists of two zones ­ the Main and West Zones and is located at depths between 80 and 180 m. The mineralization is hosted in a series of high-grade subparallel, steep, south-dipping fault zones that sit within a 50 m wide area.

Individual high-grade mineralized structures are up to 10 m in width. The entire 0.7 km wide by 1.5 km long Tatiggaq gravity anomaly remains open for additional uranium mineralization both along strike of the known zones but also along numerous sub-parallel fault zones to the north and south.