Vancouver, British Columbia - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ('Forum' or the 'Company') has reviewed initial data processed from its Ambient Noise Tomography (ANT) survey conducted over the Tatiggaq anomaly during the summer of 2023, The survey successfully established new drill targets over a one plus kilometer east-northeast extension along the Tatiggaq fault zone, which hosts the high-grade Tatiggaq uranium discovery at Forum's 100% owned Aberdeen Project in the Thelon Basin, Nunavut.

The Aberdeen project comprises 95,500 hectares and is located adjacent to Orano's 133 million pound Kiggavik uranium project.

Dr. Rebecca Hunter, Forum's VP, Exploration commented, 'The ANT survey may be a game-changing geophysical method for targeting unconformity systems in the northeast Thelon Basin. By measuring the velocity change interfaces throughout our anomalies, we can potentially image the faults that host the mineralization and the location of the mineralized bodies themselves. The survey results obtained suggest we will be able to target our drilling with a much higher degree of precision than what could be done in the past. I am very excited to resume on our Aberdeen Project in 2024.'

HIGHLIGHTS

New ANT survey data has potentially imaged the depth and location of the metasedimentary bodies that host the mineralization.

The steep-dipping ore controlling structures have been imaged by the ANT survey and will help greatly with targeting throughout the anomaly both along strike but also along sub-parallel structures.

The ANT survey suggests that potential additional mineralized bodies to the east-northeast are at similar depth to the known mineralization to date (

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