Fission 60 Hole Program to Target R600W and Triple R Growth Plus Regional Targets

KELOWNA, BRITISH COLUMBIA--(Marketwired - June 18, 2015) - FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce that site preparation is underway for an aggressive 60 hole (20,000m), summer drill program at its PLS property in Canada's Athabasca Basin. The program will follow up on the hugely successful winter program, which discovered near-surface, high-grades at R600W, greatly expanded the Triple R deposit's footprint and high-grade area and also identified multiple prospective regional targets. Radon surveys, which were instrumental in the early success of the Triple R and R600W exploration, will be used in conjunction with gravity surveys to prioritize regional targets. Drilling is expected to begin in the first week of July and will focus on the following:

• R600W Expansion: 20 holes (~33% of the drill budget) will aggressively target the near-surface, high-grade R600W zone - discovered over half a kilometer west of the Triple R deposit
• R780E Expansion: 15 holes (~25% of the drill budget) are aimed at expanding the high-grade domain of the Triple R deposit's R780E zone as well as extending mineralization along strike to the east
• R1620E Expansion: 5 holes (~8% of the drill budget) will target the expansion of the R1620E zone, including testing for the potential to connect the zone to the Triple R deposit's R780E zone
• Regional Exploration: 20 holes (~33% of the drill budget) will test a series of high priority regional targets elsewhere on the property. Ground gravity geophysics and radon will assist in drill targeting. It is important to note that the R600W zone, along with several key areas of what is now the Triple R deposit, were first drill tested due to radon anomalies coinciding with geophysics EM and resistivity anomaly features.
• Survey Activity between Triple R Deposit and Boulder Field: A radon survey will focus on the area along the main PL3-B conductor between R00E zone all the way west to the Boulder field, to help prioritize targets along this extremely prospective trend that hosts the Triple R deposit and R600W zone.

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