**Form 52-109FV1*****Certificationof Annual Filings******VentureIssuer Basic Certificate***

I,Dan Clozza, Chief Executive Officer, of Forum National Investments Ltd.,certify the following:

| 1.**** | ***Review:***I have reviewed the AIF, if any, annual financial statements and annualMD&A, including, for greater certainty, all documents and information thatare incorporated by reference in the AIF (together, the “annual filings”) of ForumNational Investments Ltd. (the “issuer”) for the financial year ended September30, 2012. |
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| 2.**** | ***Nomisrepresentations:***Based on my knowledge, having exercised reasonablediligence, the annual filings do not contain any untrue statement of a materialfact or omit to state a material fact required to be stated or that isnecessary to make a statement not misleading in light of the circumstancesunder which it was made, for the period covered by the annual filings. |
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| 3.**** | ***Fair presentation:***Based onmy knowledge, having exercised reasonable diligence, the annual financialstatements together with the other financial information included in the annualfilings fairly present in all material respects the financial condition,financial performance and cash flows of the issuer, as of the date of and forthe periods presented in the annual filings. |
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Date: February 19, 2013

_*(Signed) “Dan Clozza”*__Dan ClozzaChief Executive Officer

**NOTE TO READER**

In    contrast to the certificate required for non-venture issuers under National    Instrument 52-109 *Certification of Disclosure in Issuers’ Annual and Interim      Filings* (NI 52-109), this Venture Issuer Basic Certificate does not include    representations relating to the establishment and maintenance of disclosure    controls and procedures (DC&P) and internal control over financial reporting (ICFR), as defined in NI 52-109. In particular, the certifying officers filing this    certificate are not making any representations relating to the establishment    and maintenance of
| i) | controls and other        procedures designed to provide reasonable assurance that information required        to be disclosed by the issuer in its annual filings, interim filings or other        reports filed or submitted under securities legislation is recorded, processed,        summarized and reported within the time periods specified in securities        legislation; and |
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| ii) | a process to provide        reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with        the issuer’s GAAP. |
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The    issuer’s certifying officers are responsible for ensuring that processes are in    place to provide them with sufficient knowledge to support the representations    they are making in this certificate.  Investors should be aware that inherent    limitations on the ability of certifying officers of a venture issuer to design    and implement on a cost effective basis DC&P and ICFR as defined in NI    52-109 may result in additional risks to the quality, reliability, transparency    and timeliness of interim and annual filings and other reports provided under    securities legislation. 

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