Fission 60 Hole Program to Target R600W and Triple R Growth Plus Regional Targets - Seite 2

"The extremely shallow nature of the mineralization at PLS means we can drill a particularly large number of holes. This is unusual in the Athabasca Basin region as deposits are typically far deeper. This advantage allows us to aggressively pursue four distinct goals at the same time: building on the incredible winter success at the high-grade, near-surface R600W zone, further expansion of the enormous high-grade Triple R deposit, growing the R1620 goal at the eastern end of our 2.27km trend and following up on a series of key regional targets that have shown very similar geology to R600W."

Commenting on Fission's technical achievements to date, McElroy added,

"What our technical team has accomplished at PLS is unprecedented. In two years we have gone from a discovery hole to a shallow, high-grade deposit that is not only the largest undeveloped deposit in the Athabasca Basin region but one that has over 75% of its contained metal in the 'Indicated' category - the hallmark of a genuine world-class asset. With what will now be our fifth drilling program at PLS, we are excited by the Triple R's potential for continued expansion and the chance for new high-grade discoveries like the R600W zone."

For the survey and geophysics activity, a total of 19 grids will include a 16.625 line-km ground gravity geophysics survey and supportive 6148 station land-based radon survey.

For the drilling, up to four drill rigs will be utilized. The diamond drill coring contract has been awarded to Bryson Drilling, of Archeville, SK. RC Drilling, used for precollaring, has been awarded to Northspan Explorations Ltd. of Kelowna, BC. The summer drill program follows five prior programs that have seen unprecedented success in the uranium sector and delivered a giant shallow depth, high-grade uranium deposit, the largest undeveloped resource in the Athabasca Basin, known as the Triple R deposit.

PLS Mineralized Trend & Triple R Deposit Summary

Uranium mineralization at PLS has been traced by core drilling over 2.27km of east-west strike length in four separate mineralized "zones". From west to east, these zones are; R600W, R00E, R780E and R1620E.

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.