Introduction
The Haultain River Joint Venture consists of 8 claims covering 10,148 ha of the margin of the Athabasca Basin, Saskatchewan. The property is located southwest, and adjacent to Forum's Key Lake Road Project, approximately 20 km southwest of Cameco's Key Lake Mine/Mill Complex, the principal processing facility for the nearby high grade McArthur River uranium mine and site of the formerly productive Key Lake Deposit.

Forum Uranium and Hathor Exploration Ltd. (HAT: TSX-:V) have entered into a Joint Venture Agreement whereby both parties have a 50% interest in the Haultain River Joint Venture, with Forum as the Operator.

Geology
The Haultain River Joint Venture covers favorable basement rocks within the Mudjatik-Wollaston Tectonic Zone, a northeast trending structural zone on the eastern margin of the Basin along which the district's most productive uranium mines occur. Over 95% of known Canadian uranium deposits and all current uranium producing mines in Canada are located on this trend.

The Mudjatik-Wollaston Tectonic Zone is the NE trending high strain tectonic zone marking the boundary between the Archean gneisses and granitoids of the Mudjatik Domain to the west and Archean gneisses, metasediments, and pegmatite intrusions of the Wollaston domain to the east. Uranium mineralization on the Haultain River Project generally occurs within a Proterozoic, graphite-bearing suite of metapelite, pelite, calc-silicate and arkosic metasediments found within this high strain zone.

The Haultain River Project is targeting basement hosted, structurally and stratigraphically controlled uranium deposits such as Comeco's Millennium deposit (containing 47.2M lbs of U₃O₈ indicated and inferred) and the Eagle Point/Rabbit Lake deposit (containing 19.0M lbs of U₃O₈ proven and probable). These deposits generally contain structurally controlled veins, breccias and massive replacement-type mineralization.

Historical Work
The Haultain River Joint Venture claims were acquired as a result of the interpreted extension of the Key Lake Road Shear Zone where Forum is currently exploring to the north. Forum discovered surface uranium showings through exploration on its Key Lake Road property over the 2005 and 2006 field seasons, including the Molly Zone with grades up to 5.3% U₃O₈. A compilation of assessment data in the joint venture area shows surface uranium occurrences and past electromagnetic surveys have identified conductive segments that could represent graphitic metasediments within the Wollaston Transition Zone, which host all of the uranium mines and deposits in the Eastern Athabasca Basin.

Proposed Work
Forum Uranium will continue to compile data on the Haultian River Property to evaluate drill targets for future exploration. Hathor Exploration is currently conducting an airborne geophysical survey on its Vedette permit area and plans are being made to extend the survey onto the Haultain River Joint Venture property.