Introduction
The North Thelon Project covers 218,099.15 ha and consists of three project areas; the Kiggavik North and South Projects, the Tanqueray Option and the Agnico-Eagle Option all located on the eastern margin of the Thelon Sandstone Basin, approximately 50km east of Baker Lake, Nunavut. All the projects are located adjacent to Areva/Cogema's Kiggavik-Sissons Project (148M lb U₃O₈).

The Kiggavik North and South Property is 100% owned by Forum. Forum and Tanqueray have a 50:50 joint venture agreement for the option to earn 60% of the Tanqueray Property. Forum has optioned Agnico's Judge Sissons and Schultz Lake uranium properties.The Properties consist of 36 claims, comprising 21,497 hectares and are located adjacent to the Kiggavik uranium deposit in Nunavut.

Geology
The North Thelon Project covers a portion of the eastern margin of the Proterozoic Thelon Sandstone Basin. The claims are strategically located adjacent to southwest, north and northeast of the Kiggavik deposits (including the Kiggavik, End and Andrew Lake uranium deposits), which occur mainly in meta-arkoses and mafic volcanics along a 24 kilometer (km) section of a regional northeast-southwest trending structural zone called the "Kiggavik Structural Trend".Forum's land position covers 50 km trend of favourable rock types that have potential to host similar style deposits.

Historical Work
Evaluation of historical data in government assessment files list several areas of significant uranium occurrences within the North Thelon claims that were left untested in the early 1980's. On the North Thelon property, several historic occurrences within hematized and brecciated dirty quartzites, fault breccias and granites (same units hosting the Kiggavik deposits) are grading from 0.06% to 0.31% U₃O₈.

2007 Program
Forum conducted an exploration program from July through to September, 2007 on its 100% owned joint venture ground and on the adjoining ground optioned from Tanqueray Resources Ltd. where three uranium showings grading up to 1.07% were reported. Field crews examined numerous historical uranium showings on the NTJV property and, through further investigation of other areas of favourable geology and structure, discovered previously unreported uranium mineralization of particular interest as follows:

FOR-62 -- A newly discovered occurrence in a thrust faulted package of quartzite and metawacke with uranium values up to 1.3% U308 at the intersection of NW and ENE trending faults.

Tarzan -- This well located prospect covered by overburden lies along a northeast structure (identified by existing airborne magnetic and electromagnetic surveys) which hosts AREVA's End deposit, Andrew Lake deposit and Jane showing that lie 3 km to the northeast of Forum's property.

Nutaaq (Inuktitut for "Something New") -- A newly discovered occurrence over a 4km by 2km area in regolithic quartzite and metawacke intruded by fluorite-bearing granite with results up to 0.18% U308. A gravity survey has identified gravity lows which may indicate zones of alteration.

Pyro Lake -- An historical occurrence in regolithic metawacke and metavolcanic rocks at the unconformity with overlying Thelon conglomerate. Grades of 0.13% U308 occur in an area of the intersection of three faults.

Ivitaaq (Inuktitut for "Red Rocks") -- An historical occurrence in regolithic metawacke and quartzite at the unconformity with Thelon conglomerate. Grades of up to 0.19% U308 occur at the intersection of two fault systems.

Boundary -- Thrust faulted quartzite and metawacke cut by a WNW to NW fault system. Grades of up to 0.08% U308 occur at the intersection of these two fault systems

Red Hearts -- A complex network of predominantly ENE and NNW trending faults within quartzite and metawacke, which are strongly radioactive. Assays have not yet been received.

2008 Program
Forum is currently flying a Fugro airborne Resolve Apparent Resistivity survey. Geophysical crews will conduct ground gravity surveys over selected targets from the airborne survey in June. Prospecting and mapping crews will also be mobilized to the project in June. A 3,000m drill program will commence in July.