An anonymous director reports

FISSION URANIUM ANNOUNCES THE FILING OF ITS MANAGEMENT INFORMATION CIRCULAR IN CONNECTION WITH ITS SPECIAL MEETING TO APPROVE ACQUISITION BY PALADIN

Fission Uranium Corp. has mailed and filed a management information circular and related materials for its special meeting of shareholders and optionholders of Fission to be held on Aug. 26, 2024, in connection with the proposed acquisition of Fission by Paladin Energy Ltd. announced on June 24, 2024.

Information about the meeting and receipt of interim court order

On July 19, 2024, Fission obtained an interim order from the Supreme Court of British Columbia authorizing the holding of the meeting and matters relating to the conduct of the meeting. At the meeting, securityholders will be asked to consider and, if deemed advisable, pass a special resolution to approve an arrangement, in accordance with the terms of an arrangement agreement entered into by Fission and Paladin on June 24, 2024, pursuant to which Paladin will acquire 100 per cent of the issued and outstanding shares of Fission by way of a court-approved plan of arrangement under the Canada Business Corporation Act.

The meeting materials contain important information regarding the transaction, how securityholders can participate and vote at the meeting, the background that led to the transaction, and the reasons for the determinations of the special committee of independent directors of Fission, as well as Fission's board of directors, that the transaction is in the best interest of Fission and is fair to shareholders. Securityholders should carefully review all of the meeting materials as they contain important information concerning the transaction and the rights and entitlements of securityholders thereunder. The meeting materials have been filed by fission on SEDAR+ and are available on SEDAR+.

About Paladin Energy Ltd.

Paladin is a globally significant independent uranium producer with a 75-per-cent ownership of the world-class long-life Langer Heinrich mine, located in Namibia. Paladin also owns a portfolio of uranium exploration and development assets in Canada and Australia. Paladin is committed to a best-practice ESG (environmental, social and governance) framework that ensures responsible, accountable and transparent management of the uranium resources Paladin mines -- both now and in the future. Through its Langer Heinrich mine, Paladin delivers reliable uranium supply to major nuclear utilities around the world, positioning itself as a meaningful contributor to global decarbonization.

About Fission Uranium Corp.

Fission is an award-winning Canadian uranium project developer and 100-per-cent owner of the Patterson Lake South uranium property -- a proposed high-grade uranium mine and mill in Canada's Athabasca basin region. Fission's common shares are listed on the Toronto Stock Exchange under the symbol FCU, and trade on the OTCQX marketplace in the United States under the symbol FCUUF and on the Frankfurt Stock Exchange under the symbol 2FU.

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