Mr. Ross McElroy reports

FISSION INCREASES PLS MINERALIZED STRIKE LENGTH TO 2.58 KM; GROWS 3 ZONES

Fission Uranium Corp. has released results from four holes at its Patterson Lake South (PLS) property, host to the Triple R deposit, in Canada's Athabasca basin region: two holes drilled on the R840W zone, one drilled on the R780E zone and one on the R1620E zone. Of key importance, hole PLS16-479 (line 960W), a 45-metre step-out to the west of the fast-growing, shallow and high-grade R840W zone, has hit 41.0 m total composite mineralization, including 4.79 m of total composite greater than 10,000 counts per second. All four holes were mineralized.

The mineralized trend at PLS, which includes the Triple R deposit, is one of the largest footprints in the Athabasca basin region and has a new expanded strike length of 2.58 kilometres. The Triple R deposit, on which a resource estimate and preliminary economic assessment study were conducted in 2015, occupies approximately 1.05 km of this very large mineralized trend and the remaining 1.53 km comprises three other mineralized zones (R840W, R600W and R1620E) with gaps generally represented by very little drilling between them.

Of further importance, the R1620E zone, which lies at the easternmost end of the PLS mineralized trend, has another strongly mineralized hole with PLS16-481 (line 1515E) intercepting 35.5 m total composite mineralization, including 0.17 m of greater than 10,000 cps.

Ross McElroy, president, chief operating officer and chief geologist for Fission, commented:

"With yet another successful 45 m step-out, the R840W zone is growing rapidly to the west. This bodes well for the eventual size of this high-grade, near-surface zone as well as for the continued blue-sky exploration potential of PLS and speaks volumes for the skill of our technical team."

Drilling highlights

PLS16-479 (line 960W):

• 41.0 m total composite mineralization over a 168.0 m section (between 113.5 m and 281.5 m);
• Including 4.79 m of total composite greater than 10,000 cps;
• PLS mineralized trend extended to the west for a total strike length of approximately 2.58 km.

R1620E zone

PLS16-481 (line 1515E):

• 35.5 m total composite mineralization over a 61.5 m section (between 82.0 m and 143.5 m);
• Including 0.17 m of total composite greater than 10,000 cps.

                R840W ZONE RESULTS
                                    
Hole ID      From      To   Width  Cps peak range
               (m)     (m)     (m)        

PLS16-473   138.5   139.5     1.0         300-410
            145.5   146.5     1.0         430-470
            151.5   165.0    13.5   less than 300-
                                            4,400
            187.0   193.0     6.0   less than 300-
720
            197.0   201.0     4.0       380-2,200
PLS16-479   113.5   116.0     2.5   less than 300-
430
            140.5   143.5     3.0   less than 300-
530
            147.5   179.0    31.5   less than 300-
                                           38,800
            184.0   186.5     2.5   less than 300-
340
            280.0   281.5     1.5         330-850

                R780E ZONE RESULTS

Hole ID      From      To   Width  Cps peak range
               (m)     (m)     (m)  

PLS16-475   190.5   209.0    18.5   less than 300-
                                            6,000
            212.0   212.5     0.5             300
            216.0   218.5     2.5   less than 300-
                                              560
            224.5   227.0     2.5   less than 300-
                                              390
            234.0   236.0     2.0   less than 300-
                                            2,500
            327.5   331.0     3.5   less than 300-
                                            1,000

               R1620E ZONE RESULTS

Hole ID      From      To   Width  Cps peak range
               (m)     (m)     (m)  

PLS16-481    82.0    83.0     1.0         320-400
             87.5   101.0    13.5   less than 300-
                                            6,400
            108.0   118.0    10.0   less than 300-
                                           12,500
            125.5   128.5     3.0   less than 300-
                                              870
            135.5   143.5     8.0       330-1,700

Natural gamma radiation in drill core that is reported in this news release was measured in counts per second using a hand-held RS-121 scintillometer manufactured by Radiation Solutions, which is capable of discriminating readings to 65,535 cps. Natural gamma radiation in the drill hole survey that is reported in this news release was measured in counts per second using a Mount Sopris 2GHF-1000 triple-gamma probe, which allows for more accurate measurements in high-grade mineralized zones. The triple-gamma probe is preferred in zones of high-grade mineralization. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. All intersections are downhole. All depths reported of core interval measurements including radioactivity and mineralization intervals widths are not always representative of true thickness, and true thicknesses are yet to be determined in zones outside of the Triple R deposit. Within the Triple R deposit, individual zone wireframe models constructed from assay data and used in the resource estimate indicate that both the R780E and R00E zones have a complex geometry controlled by and parallel to steeply south-dipping lithological boundaries, as well as a preferential subhorizontal orientation.

Samples from the drill core will be split in half sections on-site. Where possible, samples will be standardized at 0.5 m downhole intervals. One-half of the split sample will be sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025:2005-accredited facility) in Saskatoon, Sask., for analysis, which includes triuranium octoxide (weight percentage) and fire assay for gold, while the other half will remain on-site for reference. Analysis will include a 63-element ICP-OES (inductively coupled plasma-optical emission spectrometry) and boron.

PLS mineralized trend and Triple R deposit summary

Uranium mineralization at PLS occurs within the Patterson Lake conductive corridor and has been traced by core drilling approximately 2.58 km of east-west strike length in five separated mineralized zones. From west to east, these zones are: R840W, R600W, R00E, R780E and R1620E. Thus far only the R00E and R780E have been included in the Triple R deposit resource estimate.

The discovery hole of what is now referred to as the Triple R uranium deposit was announced on Nov. 5, 2012, with drill hole PLS12-022, from what is considered part of the R00E zone. Through successful exploration programs completed to date, it has evolved into a large, near-surface, basement-hosted, structurally controlled high-grade uranium deposit.

The Triple R deposit consists of the R00E zone on the western side and the much larger R780E zone farther on strike to the east. Within the deposit, the R00E and R780E zones have an overall combined strike length validated by a resource estimate of approximately 1.05 km with the R00E zone measuring approximately 105 m in strike length and the R780E zone measuring approximately 945 m in strike length. A 225 m gap separates the R00E zone to the west and the R780E zone to the east, though sporadic narrow, weakly mineralized intervals from drill holes within this gap suggest the potential for further significant mineralization in this area. The R780E zone is located beneath Patterson Lake which is approximately six metres deep in the area of the deposit. The entire Triple R deposit is covered by approximately 50 m to 60 m of overburden.

Mineralization remains open along strike both to the western and eastern extents. Mineralization is both located within and associated with a metasedimentary lithologic corridor, associated with the PL-3B basement electromagnetic conductor. Recent very positive drill results returning wide and strongly mineralized intersections from the R600W zone and the newly discovered R840W zone, located 480 m and 765 m, respectively, to the west along strike have significantly upgraded the prospectivity of these areas for further growth of the PLS resource on land to the west of the Triple R deposit. The recently discovered high-grade mineralization in the R1620E zone, located 300 m to the east along strike, has significantly upgraded the prospectivity for further growth of the PLS resource to the east of the Triple R deposit.

An updated map can be found on the company's website.

Patterson Lake South property

The 31,039-hectare PLS project is 100 per cent owned and operated by Fission Uranium. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50 km to the north, currently under active exploration and development.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, PGeol, president and COO for Fission Uranium, a qualified person.

We seek Safe Harbor.