The Company is pleased to announce that at its AGM, held on Friday 30th June, all resolutions were passed. The Company is also pleased to announce, following the AGM, the appointment of Oscar de Venecia as non-executive director of Forum.

Oscar is currently Chairman of Basic Consolidated, Inc. (“Basic”), a company listed on the Philippine Stock Exchange, and a member of the consortium which discovered oil in the Nido and Matinloc fields in N.W. Palawan. Oscar has spent over 30 years with Basic in a number of roles, including President and Chief Executive Officer and is also past Chairman and President and now Senior Advisor to the Petroleum Association of the Philippines.

Alan Henderson, Chairman of Forum, said:

“We are delighted that Oscar has joined Forum and his experience and contacts in the Philippines will be invaluable to us as we look to take the Company forward in the coming year.

“We have made considerable progress since our admission to AIM in August last year and are looking forward to our first coal sales, expected to commence this summer from our Central Cebu coal license. Further operational updates will be released in the near future.”

For further information please contact:
Russell Harvey, Chief Executive, Forum Energy plc: +44 (0) 1932 445 344
Mark Froggattt, Noble & Company Ltd: +44 (0) 207 763 2200
Ian Foster, First City Financial Public Relations: +44 (0) 20 7436 7486 or +44 (0) 7739 185 050

Additional information
In accordance with Schedule 2 (g) of the AIM Rules, the following information in relation to the appointment of Oscar de Venecia (age 73) as a director of Forum is disclosed:

Current directorships and partnerships:
Basic Consolidated, Inc
Basic Diversified Industrial Holdings, Inc
Basic Consolidated International, Inc
Pan-Phil Aqua Culture Corporation
Manila Economic and Cultural Office
Macro Management Services, Inc

Directorships and partnerships held in the past five years:
Basic Petroleum and Minerals, Inc
Export and Industry Bank
Southwest Resources, Inc

Save for the information disclosed above there is no other information falling to be disclosed under Schedule 2(g) of the AIM Rules.