Fission Uranium Drills 12m of 26.41% U3O8 at PLS and NexGen Drills 22.35m of 3.42% U3O8 at Rook I

August 7, 2014

Fission Uranium Drills 12m of 26.41% U3O8 at PLS and NexGen Drills 22.35m of 3.42% U3O8 at Rook I

Fission Uranium (TSX-V: FCU): Full News Release


Fission Uranium Corp. has released 2014 winter assay results from six holes drilled on the R780E zone and one hole on the R00E zone at its Patterson Lake South property in Saskatchewan's Athabasca basin. Of particular note are holes PLS14-201 (line 855E), which returned composited assay intervals including 26.41% U3O8 over 12.0m within an interval of 12.12% U3O8 over 27.0m and PLS14-213 (line 810E), which returned composited assay intervals of 11.37% U3O8 over 11.0m within a larger interval of 4.05% U3O8 over 34.0m.

Ross McElroy, President, COO, and Chief Geologist for Fission, commented,

"The PLS discovery continues to expand in size and potential along strike. Today's results, headlined by holes PLS14-201 and PLS14-213 in the eastern half of the discovery, are an excellent example of the wide, high-grade mineralization that PLS is becoming renowned for."

Assay Highlights

PLS14-201 (Line 855E) -- 12.0m (128.0m to 140.0m) @ 2.51% U3O8, including: -- 5.0m (133.0m to 138.0m) @ 5.61% U3O8 -- 27.0m (149.0m to 176.0m) @ 12.12% U3O8, including: -- 12.0m (163.5m to 175.5m) @ 26.41% U3O8

PLS14-213 (Line 810E) -- 34.0m (147.5m to 181.5m) @ 4.05% U3O8, including: -- 11.0m (167.0m to 178.0m) @ 11.37% U3O8

PLS14-205 (Line 900E) -- 10.0m (229.0m to 239.0m) @ 2.65% U3O8, including: -- 1.5m (231.5m to 233.0m) @ 11.57% U3O8

More winter assays pending: To date, assay results from 75 holes of the recently completed winter program have now been released; results from 17 holes are pending.


NexGen Energy (TSX-V: NXE): Full News Release

NexGen Energy Ltd. (TSX-V: NXE) (“NexGen” or the “Company”) is pleased to announce the first assay results from the summer 2014 drilling program from the 100% owned portion of the Rook I property, Athabasca Basin, Saskatchewan.  These assay results are from drill hole AR-14-15, which is the 15th hole drilled in the Arrow Discovery.  The summer 2014 program has been increased from 13,500 to 18,500 m of diamond drilling based on exceedingly encouraging results to date.

Composited drill hole mineralized intersections for AR-14-15 returned two wide intervals of uranium mineralization:

UPPER HIGH GRADE URANIUM INTERVAL = 22.35 m (564.00 – 586.35 m):

3.42% U3O8 over 22.35 m

Including 10.72% U3O8 over 6.85 m

Including 15.74% U3O8 over 4.50 m

Including 26.10% U3O8 over 2.60 m

Highest assay within the interval: 55.8% U3O8 over 0.45 m

LOWER HIGH GRADE URANIUM INTERVAL = 32.0 m (594.0 – 626.0 m):

1.52% U3O8 over 32.0 m

10.40% U3O8 over 3.15 m

Highest assay within the interval: 43.7% U3O8 over 0.35 m

Skyharbour Resources (TSX-V: SYH)

Skyharbour Resources (TSX-V: SYH) is a uranium exploration company focused on the prolific Athabasca Basin in Northern Saskatchewan, Canada. The Company is a member and operator of the Western Athabasca Syndicate which controls a large, geologically prospective land package consisting of five properties (287,130 hectares or 709,513 acres) in the Basin. The properties are strategically located to the north, south, east and west of Fission Uranium’s (TSX-V: FCU) Patterson Lake South (“PLS”) recent high grade uranium discovery and NexGen Energy’s (TSX-V: NXE) Rook 1 project on the western flank of the Athabasca Basin. $6,000,000 in combined exploration expenditures over the next two years is planned on these properties, $5,000,000 of which is being funded by the three partner companies. A first-pass drill program was recently completed at the flagship Preston Project with assays pending.


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