Vancouver, B.C., April 15, 2020. Forum Energy Metals Corp. (FMC: TSX-V) (the “Company” or “Forum”) announces a financing by Directors, Officers and close associates of up to 3,333,333 units at a price of $0.06 per unit to raise up to $200,000 to augment the Company’s working capital during this period of the COVID-19 pandemic. Forum has taken measures to reduce its corporate overheads and streamline operations temporarily until exploration activities can commence once again.

The units will be comprised of one common share of Forum and one warrant entitling the holder to acquire a further common share at a price of $0.10 for a term of five years. The financing remains subject to the acceptance of the TSX Venture Exchange.

About Forum Energy Metals

Forum Energy Metals Corp (TSX.V: FMC) explores for energy metals, including copper, nickel, platinum, palladium and uranium in Saskatchewan, Canada’s Number One mining province. In addition, Forum has also established a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com

ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo.
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

NORTH AMERICA

Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 778-772-3100                    

UNITED KINGDOM

Burns Singh Tennent-Bhohi, Director
burnsstb@forumenergymetals.com
Tel: 074-0316-3185