Fission Hits Off-Scale on Land, 555m West of Triple R

KELOWNA, BRITISH COLUMBIA--(Marketwired - March 1, 2015) - FISSION URANIUM CORP. ("Fission" or "the Company") (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is pleased to announce results from hole PLS15-343 and the discovery of new high-grade at the R600W zone at its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. Located on line 615W, 555m west of the R00E zone of the Triple R deposit, and 10m south of hole PLS13-124, the land-based hole returned 9.31m of >10,000 cps radioactivity over a 65.5m mineralized interval, including a continuous 8.85m mineralized interval of >10,000 cps radioactivity with peaks up to 52,900 cps at shallow depth. Due to technical problems, the hole was terminated at 368m in moderately altered semi-pelitic gneiss. A down-hole gamma log survey was able to be completed to 129.7m before being terminated within a strongly mineralized interval.

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

"This is an absolutely tremendous result that gives us high grade mineralization over half a kilometer west of Triple R deposit, which is wide open in all directions. It immediately puts the R600W zone into an elite class, hosting significant high-grade uranium mineralization, similar to that seen in the Triple R deposit to the east."

Hole PLS15-343 (line 615W) Highlights Include:

• Land-based, high-grade zone 555m west of the Triple R deposit
• Shallow depth, basement rock hosted
• 65.5m continuous mineralization (between 105.5m - 171.0m) including:
  • 9.31m total composite mineralization of >10,000 cps radioactivity, including:
  • 8.85m continuous mineralization (121.28m - 130.13m) of >10,000 cps radioactivity with peaks up to 52,900 cps

R600W Zone

The R600W zone discovery was the result of follow-up by drilling of a radon in sediment anomaly identified during the summer 2013 program. The radon anomaly is located between 540W and 630W and may be associated with inferred north-south cross cutting structures. This anomaly lies along an ENE trend, parallel and just north of the PL-3B EM conductor. The R600W zone presently has a defined strike length of 30m (line 615W to line 585W) and a lateral grid north-south width of up to approximately 20m, as defined by 6 holes. The previous 5 holes into the R600W intersected only low grade mineralization. Additional winter drilling is planned for the R600W zone.