Mr. Ross McElroy reports

FISSION HITS HIGH-GRADES AT BOTH ENDS OF 2.63KM TREND, INCLUDING 12.90% U3O8 OVER 7.5M IN 5.76% U3O8 OVER 17.0M

Fission Uranium Corp.'s assay results confirm new high-grade mineralization at two zones presently outside of the Triple R resource area (R840W, R1620E) at the company's Patterson Lake South property, host to the Triple R deposit, in Canada's Athabasca basin region. The assay results include hole PLS16-485 on zone R1620E (line 1515E) with 7.5 metres at 12.90 per cent triuranium octoxide within a larger interval of 17.0 m at 5.76 per cent U3O8. The wide, high-grade mineralization encountered at both zones highlights the strength of the 2.63-kilometre mineralized trend at PLS -- the largest in the Athabasca basin region.

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

"These shallow mineralized results on the R840W and R1620E zones include wide, high-grade assays that confirm strong growth at both ends of our 2.63 km mineralized trend -- the longest lateral footprint in the Athabasca basin. Importantly, both the R840W and R1620E zones are outside of the current resource estimate for the Triple R and thus represent areas of possible expansion to the deposit."

Assay highlights follow.

R1620E zone (high-grade, shallow zone at eastern end of mineralized trend)

PLS16-485 (line 1515E) key interval

• 17.0 m at 5.76 per cent U3O8 (84.0 to 101.0 m);
• Including 7.5 m at 12.90 per cent U3O8 (92.0 m to 99.5 m).

PLS16-489 (line 1455E) key interval

• 14.0 m at 1.98 per cent U3O8 (68.5 m to 82.5 m);
• Including 4.5 m at 5.00 per cent U3O8 (74.0 m to 78.5 m).

R840W zone (high-grade, shallow land-based zone recently merged with R600W zone)

PLS16-493 (line 885W) key interval

• 18.0 m at 2.01 per cent U3O8 (169.5 m to 187.5 m);
• Including two m at 5.77 per cent U3O8 (177.0 m to 179.0 m);
• Including 1.5 m at 5.39 per cent U3O8 (186.0 m to 187.5 m).

                   PLS DRILL RESULTS

Hole             From        To  Interval      U3O8
                   (m)       (m)       (m)       (%)

PLS16-483      153.00    153.50      0.50      0.06
               155.00    155.50      0.50      0.08
               167.00    167.50      0.50      0.05
               209.00    216.00      7.00      0.22
PLS16-484      185.50    188.00      2.50      0.18
PLS16-485       84.00    101.00     17.00      5.76
                92.00     99.50      7.50     12.90
               104.50    108.50      4.00      0.21
               112.50    113.00      0.50      0.06
               124.50    125.00      0.50      0.07
               128.00    128.50      0.50      0.22
PLS16-487       81.50     82.50      1.00      0.20
                90.00    127.00     37.00      0.35
               114.50    117.00      2.50      1.05
               132.00    132.50      0.50      0.12
               135.50    136.50      1.00      0.09
PLS16-488      153.50    154.00      0.50      0.05
               158.50    160.50      2.00      0.08
               176.50    178.50      2.00      0.12
               185.00    191.00      6.00      0.09
               194.50    198.50      4.00      0.17
               287.00    289.00      2.00      0.12
PLS16-489       68.50     82.50     14.00      1.98
                74.00     78.50      4.50      5.00
PLS16-491             No significant mineralization
PLS16-493       99.00    103.50      4.50      0.07
               164.00    164.50      0.50      0.11
               169.50    187.50     18.00      2.01
               177.00    179.00      2.00      5.77
               186.00    187.50      1.50      5.39
               198.50    202.50      4.00      1.13
               201.50    202.50      1.00      3.88
PLS16-494             No significant mineralization

Composite parameters
1. Minimum thickness of 0.50 m. 
2. Grade cut-off of 0.05 U3O8 (weight percentage). 
3. Maximum internal dilution of two m.

Composited U3O8 mineralized intervals are summarized in the table. Samples from the drill core are split in half sections on-site. Where possible, samples are standardized at 0.5 m downhole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025:2005-accredited facility) in Saskatoon, Sask., for analysis which includes U3O8 (weight percentage) and fire assay for gold, while the other half remains on-site for reference. All analysis includes a 63-element ICP-OES, uranium by fluorimetry and boron. 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. Similar geometrical relationships appear to be the case with the R840W and R1620E zones as well. All depth measurements reported, including sample and interval widths, are downhole, core interval measurements and true thicknesses are yet to be determined.

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 2.63 km of east-west strike length in four separated mineralized zones. From west to east, these zones are: R840W, R00E, R780E and R1620E. Thus far only the R00E and R780E zones have been included in the Triple R deposit resource estimate, whereas the R840W and R1620E zones fall outside of the current resource estimate window.

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 zones 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 in both the western and eastern directions. Previous logging of drill core interpreted sequences of basement rocks to be meta-sedimentary (meta-pelitic and meta-semi-pelitic gneiss) but recent observations have changed this interpretation to represent varying degrees of altered mafic volcanic rocks. Mineralization is both located within and associated with mafic volcanic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement electromagnetic (EM) conductor. Recent very positive drill results returning wide and strongly mineralized intersections from the R840W zone have allowed interpretation to merge the previously described R600W zone into the R840W zone. The R840W zone, located 495 m west along strike of the Triple R deposit, now has a defined strike length of 465 m and is still open. Drill results within the R840W zone 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 270 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.

Updated maps, cross-sections and assay tables 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 Mr. McElroy, a qualified person.

We seek Safe Harbor.