Fission Hits Best Off-Scale to Date: 53.47m Total Composite "Off-Scale" (Line 660E); Connects Another Two Zones

Mar 24, 2014

Fission Hits Best Off-Scale to Date: 53.47m Total Composite "Off-Scale" (Line 660E); Connects Another Two Zones

KELOWNA, BRITISH COLUMBIA--(Marketwired - March 24, 2014) - FISSION URANIUM CORP.("Fission" or "the Company") (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is pleased to announce results from nine new holes at its PLS property in Saskatchewan's Athabasca Basin. Of exceptional note and importance is hole PLS14-187 on line 660E. The hole, with mineralization starting at the shallow depth of 58.5m, has returned 53.47m Total Composite "Off-scale" (>9999 cps) in 146.0m of total composite mineralization on line 660E and closes the gap between the R390E and R780E high-grade zones. This hole is still in progress at a current depth of 407m, in altered but unmineralized pelitic gneiss. All nine holes encountered wide mineralization, with seven intersecting substantial off-scale (>9999 cps) radioactivity.

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

"The sheer strength and scale of results from PLS continues to impress us. Hole PLS14-187 has returned total composited off-scale width results 46% more than hole PLS14-129, which itself ranks with the top drill holes in the Basin. Not only does the new hole set a new record at PLS but its location means the winter program has now succeeded in merging four high-grade zones (R390E, R585E, R780E and R945E) into one much larger one (R780E)."

The amount of composite off-scale in hole PLS14-187 far surpasses hole PLS14-129 (line 600E) which intersected 36.72m of off-scale and later assayed at 38.49% U3O8 over 10.5m in 13.66% U308 over 38.0m and 27.57% U3O8 over 12.0m in 11.19% U3O8 over 31.5m (see NR dated Feb. 19, 2014).

Mineralization in drill-hole PLS14-187, drilled on line 660E, now allows for the interpretation to merge the R390E Zone with R780E Zone. The newly merged high-grade zone, which has a strike length of 780m, will now be referred to as the R780E zone. This success follows soon after the merging of zones R390E and R585E (see NR dated Mar. 17, 2014 and zones R780E and R945E (see NR dated Mar. 5, 2014).

Drilling Highlights include:

Zone Consolidation

• R390E and R780E high-grade zones now merged as R780E

Hole PLS14-187 (line 660E) (still in progress)

• 146.0m total composite mineralization (between 58.5m - 231.5m) including:
  • 53.47m total composite off-scale (>9999 cps) radioactivity

Hole PLS14-186 (line 765E)

• 85.5m total composite mineralization (between 119.5m - 343.0m) including:
  • 6.50m total composite off-scale (>9999 cps) radioactivity

Hole PLS14-184 (line 570E)

• 65.5m total composite mineralization (between 54.5m - 231.0m) including:
  • 5.89m total composite off-scale (>9999 cps) radioactivity