Fission Hits 14.74% U3O8 Over 9.0M in 3.36% U3O8 Over 44.0m at R600W Zone

KELOWNA, BRITISH COLUMBIA--(Marketwired - March 25, 2015) - FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce assays from hole PLS15-343 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 Triple R deposit, the angled hole returned high-grade, shallow depth mineralization including 14.74% U₃O₈ Over 9.0M within a larger interval of 3.36% U₃O₈ over 44.0m. Hole PLS15-343 was the first hole at the land-based R600W zone to encounter large amounts of strong anomalous radioactivity. Follow-up holes at the 600W zone, including PLS15-352 (line 615W) and PLS15-360 (line 630W), also hit similarly wide intercepts of strong radioactivity in addition to expanding the footprint of the zone. Assays for these holes are pending.

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

"The R600W zone is emerging as an impressive high-grade zone and importantly, it is open in all directions. Encountering this grade and width 555m from the Triple R deposit is tremendously exciting and we are looking forward to receiving the assays from our follow up holes at the zone. Just as importantly, this hole has very similar geology to the Triple R deposit and our recently announced winter program expansion will focus on the R600W."

Assay Highlights Include:

• Located at R600W zone, 555m west of Triple R Deposit
• High-grade, wide mineralization starting at just 107.0m
• 44.0m (107.0m to 151.0m) @ 3.36% U₃O₈, including:
  • 9.0m (121.0m to 130.0m) @ 14.74% U₃O₈

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, where-as mineralization so far has been found south of the conductor. The R600W zone at present has a defined strike length of 45m (line 630W to line 585W) and a lateral grid north-south width of up to approximately 30m, as defined by 10 holes. In 2013, 5 holes into the R600W intersected only low grade mineralization. In 2015 5 additional holes have intersected mineralization with 3 of those encountering significant widths of high-grade radioactivity. Additional drilling is required to further outline and advance the R600W zone.