Microforum Inc. (ticker: MCF.TO, exchange: Toronto Stock Exchange)
News Release - 18-Nov-1999

Microforum Inc. announces update

Toronto, Ontario, Canada November 18, 1999
Microforum Inc. (TSE:MCF) is not aware of any material event that is not disclosed in the marketplace to account for the recent increase in trading volume and price of its shares. Two securities firms recently issued buy recommendations for the Company's stock on November 1, 1999 and November 16, 1999, respectively. In addition, the Company does point out that there has been a recent increase in trading activity in the overall Internet sector.