An anonymous director reports

FISSION URANIUM OBTAINS FINAL ORDER FOR PLAN OF ARRANGEMENT

Fission Uranium Corp. has obtained a final order from the Supreme Court of British Columbia, approving the previously announced plan of arrangement with Paladin Energy Ltd.

However, notwithstanding receipt of the final order, completion of the arrangement remains uncertain due to the requirement to obtain Investment Canada Act clearance.

As announced on Oct. 1, 2024, Fission received a notice from the Minister of Innovation, Science and Industry ordering a national security review of the arrangement under Section 25.3 of the ICA. Fission is continuing to engage with the minister as part of the Section 25.3 process under the ICA. In light of the national security review of the arrangement, there can be no certainty that Fission will be able to obtain ICA clearance in a timely manner or at all. Failure to obtain ICA clearance would prevent the arrangement from being completed.

Additional information regarding the terms of the arrangement are set out in the company's management information circular dated July 22, 2024, which is available under Fission's profile at SEDAR+ and on the company's website.

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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