A late strike from Will Harris earned the Clarets a point from an eight-goal thriller as the striker’s second goal of the game spared Burnley a third straight defeat in the U18 Professional Development League.
Danny Cadamarteri’s side led 3-1 at the break thanks to goals from Sam Layton, James Clarke and Harris.
Three goals inside 10 second-half minutes saw Forest hit back to lead 4-3 with just eight minutes to go.
But Harris (below) struck again in the dying stages to keep the Clarets level on points with fourth-placed Forest and just two behind north group leaders Bolton Wanderers.
It was the Clarets who had started on the front foot and came close when Jordan Barnett fired just wide of the target.
And with 20 minutes gone, Layton picked up the ball just outside the area and rifled it home to make it 1-0.
Forest made it 1-1 on the break five minutes later but Burnley quickly regained the lead when Barnett whipped in a fine ball for Clarke to volley home.
And just before the break it was 3-1 thanks to a fine strike from Harris, who superbly beat his man on the edge of the penalty area before curling the ball into the bottom corner to double the Clarets’ advantage.
A much quieter start to the second half saw neither side create any real opportunities until the visitors were awarded a penalty with 20 minutes to go, which was converted by Luke McCormick.
Minutes later, Forest equalised when Brennan Johnson poked in from close range and it was the visitors who then snatched the lead to go 4-3 in front.
The Clarets rallied and pushed to salvage something and when the ball fell to Harris at the back post following a corner, he stabbed the ball home to seize the chance and get Cadamarteri’s side moving again.
Burnley: Bruce, Cropper, Clarke, Wilson, Rain, Barnett, Moss (Yari 88), Layton, Tucker (Meredith 68), Harris, Ellison (George 73). Substitutes: Allen, King.