Fission Pushes Towards Pre-Feasibility and Additional Western Zone Expansion - Seite 2

• Upgrade resource classification for important high-grade, high-impact areas of the R780E zone from inferred to indicated category (6 holes in 1,980m). The Triple R deposit as currently estimated, has 75% of its resource classified as indicated, while 25% of the resource is classified as inferred. It is it is anticipated that upgrading key areas of the resource from inferred to indicated will have a positive impact on the PFS.
• Geotechnical drilling and analysis of bedrock (3 holes in 700m)
• Geotechnical drilling of overburden (12 holes in 920m)
• Re-drill hydrogeological holes required for long-term ground-water analysis (2 holes in 240m)
• Complete the Phase 2 metallurgical study already in progress
• Continuation of data collection and analysis of the Baseline Environmental Study
• Continuation of engagement with First Nations, community and government

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

"With the PFS planned to be completed by the end of 2018, our programs are designed to advance the Triple R deposit towards that point. The uniquely near-surface, high-grade mineralization at PLS allows us to pursue multiple goals simultaneously. We will also be targeting further growth of R1515W - the exciting land-based zone, over 1.4km west of the Triple R, which has several similar characteristics to the R780E zone, and has delivered the widest intervals of mineralization outside of our deposit."

PLS Mineralized Trend & Triple R Deposit Summary

Uranium mineralization at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling approximately 3.18km of east-west strike length in five separated mineralized "zones". From west to east, these zones are: R1515W, R840W, R00E, R780E and R1620E. Thus far only the R00E and R780E have been included in the Triple R deposit resource estimate, where-as the R840W and R1620E zones and the recent addition of the R1515W zone, fall outside of the current resource estimate window.

The discovery hole of what is now referred to as the Triple R uranium deposit was announced on November 05, 2012 with drill hole PLS12-022, from what is considered part of the R00E zone. Through successful exploration programs completed to date, it has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit.